Heico (NYSE:HEI) Issues Quarterly Earnings Results

Heico (NYSE:HEI) posted its quarterly earnings data on Wednesday. The aerospace company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.33, Zacks reports. Heico had a net margin of 16.08% and a return on equity of 17.98%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the company posted $1.12 EPS. The company’s quarterly revenue was up 25.3% compared to the same quarter last year.

Heico Price Performance

NYSE HEI opened at $345.31 on Friday. The company has a quick ratio of 1.41, a current ratio of 3.06 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $48.18 billion, a PE ratio of 61.66, a price-to-earnings-growth ratio of 3.79 and a beta of 0.95. The company has a 50 day moving average price of $285.42 and a two-hundred day moving average price of $311.35. Heico has a 12-month low of $256.11 and a 12-month high of $361.69.

More Heico News

Here are the key news stories impacting Heico this week:

• Positive Sentiment: Heico reported Q2 earnings of $1.66 per share, easily topping Wall Street estimates of $1.33, while revenue of $1.38 billion also beat expectations of $1.25 billion. The strong beat suggests demand and execution are better than expected. Article Title
• Positive Sentiment: Management and earnings-call coverage pointed to record growth and margins, with sales rising 25.3% year over year. That combination of higher revenue and profitability is a key reason investors are bidding up the stock. Article Title
• Positive Sentiment: Market coverage noted that sales growth and acquisitions helped drive a record quarter, reinforcing the view that Heico’s growth is not just coming from one-off factors. Article Title
• Neutral Sentiment: Brokerage coverage continues to show a generally favorable stance, with Heico carrying an average “Moderate Buy” rating. This supports sentiment, but it is not a fresh catalyst on its own. Article Title

Analyst Ratings Changes

Several research firms have weighed in on HEI. Rothschild & Co Redburn set a $360.00 price objective on shares of Heico and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Truist Financial raised shares of Heico to a “strong-buy” rating in a research note on Friday, May 1st. Wells Fargo & Company started coverage on shares of Heico in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $290.00 target price for the company. BNP Paribas Exane raised shares of Heico from a “neutral” rating to an “outperform” rating in a research note on Friday, February 27th. Finally, Citigroup decreased their target price on shares of Heico from $400.00 to $323.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $362.00.

Insider Transactions at Heico

In other Heico news, Director Julie Neitzel sold 676 shares of Heico stock in a transaction that occurred 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 can be accessed through the SEC website. 4.86% of the stock is owned by company insiders.

Institutional Investors Weigh In On Heico

Institutional investors and hedge funds have recently modified their holdings of the business. GM Advisory Group LLC boosted its position in shares of Heico by 1.2% during the fourth quarter. GM Advisory Group LLC now owns 2,985 shares of the aerospace company’s stock worth $966,000 after purchasing an additional 36 shares in the last quarter. Coastal Bridge Advisors LLC grew its holdings in shares of Heico by 4.1% in the 4th quarter. Coastal Bridge Advisors LLC now owns 1,246 shares of the aerospace company’s stock valued at $403,000 after buying an additional 49 shares during the period. IFC & Insurance Marketing Inc. acquired a new position in shares of Heico in the 4th quarter valued at $26,000. Birchwood Financial Partners Inc. acquired a new position in shares of Heico in the 4th quarter valued at $32,000. Finally, Vise Technologies Inc. increased its stake in Heico by 17.3% during the 4th quarter. Vise Technologies Inc. now owns 765 shares of the aerospace company’s stock worth $248,000 after purchasing an additional 113 shares in the last quarter. Institutional investors and hedge funds 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.