HEICO (NYSE:HEI) Price Target Raised to $230.00

HEICO (NYSE:HEI) had its target price boosted by Stifel Nicolaus from $215.00 to $230.00 in a report published on Monday, Benzinga reports. The firm currently has a buy rating on the aerospace company’s stock.

Several other equities research analysts have also recently commented on the company. Bank of America upgraded HEICO from a neutral rating to a buy rating and set a $220.00 price target for the company in a research note on Thursday, January 25th. Royal Bank of Canada boosted their price target on shares of HEICO from $210.00 to $225.00 and gave the stock an outperform rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, HEICO has an average rating of Moderate Buy and an average target price of $206.00.

HEICO Trading Up 0.5 %

Shares of HEICO stock opened at $209.48 on Monday. The company’s fifty day moving average is $195.02 and its two-hundred day moving average is $183.25. HEICO has a 1 year low of $153.63 and a 1 year high of $213.63. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.40 and a current ratio of 3.17. The company has a market capitalization of $28.98 billion, a P/E ratio of 68.46, a PEG ratio of 3.46 and a beta of 1.11.

HEICO (NYSE:HEI) last released its quarterly earnings results on Monday, February 26th. The aerospace company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The firm had revenue of $896.36 million for the quarter, compared to analyst estimates of $891.32 million. HEICO had a return on equity of 14.35% and a net margin of 13.11%. The business’s revenue was up 44.4% on a year-over-year basis. During the same quarter last year, the company posted $0.67 earnings per share. Analysts forecast that HEICO will post 3.47 earnings per share for the current year.

Insider Buying and Selling

In other HEICO news, Director Frank J. Schwitter sold 400 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the sale, the director now owns 1,255 shares of the company’s stock, valued at $243,093.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other HEICO news, Director Alan Schriesheim sold 26,000 shares of HEICO stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the completion of the transaction, the director now owns 155,862 shares in the company, valued at $29,953,559.16. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frank J. Schwitter sold 400 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the sale, the director now owns 1,255 shares in the company, valued at $243,093.50. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Zeno Equity Partners LLP purchased a new position in HEICO during the fourth quarter worth $25,000. NBC Securities Inc. purchased a new stake in HEICO during the 3rd quarter worth about $42,000. Psagot Value Holdings Ltd. Israel acquired a new position in HEICO in the 4th quarter valued at about $70,000. Beaumont Financial Advisors LLC acquired a new stake in shares of HEICO during the 4th quarter worth about $200,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of HEICO during the fourth quarter worth about $202,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

HEICO Company Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.