Royal Bank Of Canada Increases Heico (NYSE:HEI) Price Target to $390.00

Heico (NYSE:HEI) had its price target boosted by stock analysts at Royal Bank Of Canada from $375.00 to $390.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the aerospace company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 11.83% from the company’s previous close.

HEI has been the topic of a number of other reports. Rothschild & Co Redburn set a $360.00 target price on shares of Heico and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Truist Financial upgraded shares of Heico to a “strong-buy” rating in a research note on Friday, May 1st. Weiss Ratings downgraded shares of Heico from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company assumed coverage on shares of Heico in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $290.00 price objective on the stock. Finally, Wall Street Zen downgraded shares of Heico from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $361.69.

Heico Trading Up 1.1%

HEI stock traded up $3.67 during mid-day trading on Friday, reaching $348.74. The company had a trading volume of 245,742 shares, compared to its average volume of 654,613. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.06 and a quick ratio of 1.41. The company has a market capitalization of $48.66 billion, a PE ratio of 62.31, a price-to-earnings-growth ratio of 3.79 and a beta of 0.95. The firm has a 50 day moving average of $285.42 and a 200 day moving average of $311.35. Heico has a 12 month low of $256.11 and a 12 month high of $361.69.

Heico (NYSE:HEI) last issued its earnings results on Wednesday, May 27th. The aerospace company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.33. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.25 billion. Heico had a net margin of 16.08% and a return on equity of 17.98%. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 EPS. On average, equities analysts predict that Heico will post 5.56 earnings per share for the current fiscal year.

Insider Activity

In other Heico news, Director Julie Neitzel sold 676 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total value of $150,748.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.86% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Groupama Asset Managment increased its holdings in Heico by 31.3% in the first quarter. Groupama Asset Managment now owns 23,407 shares of the aerospace company’s stock valued at $6,418,000 after buying an additional 5,579 shares in the last quarter. BankChampaign National Association purchased a new position in Heico in the first quarter valued at $731,000. Themes Management Co LLC increased its holdings in Heico by 69.7% in the first quarter. Themes Management Co LLC now owns 2,007 shares of the aerospace company’s stock valued at $550,000 after buying an additional 824 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its holdings in Heico by 35.1% in the first quarter. Bradley Foster & Sargent Inc. CT now owns 1,554 shares of the aerospace company’s stock valued at $426,000 after buying an additional 404 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp increased its holdings in Heico by 32.0% in the first quarter. Lombard Odier Asset Management USA Corp now owns 3,559 shares of the aerospace company’s stock valued at $976,000 after buying an additional 863 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.