Heico (NYSE:HEI) Price Target Raised to $391.00

Heico (NYSE:HEI) had its price objective upped by Truist Financial from $366.00 to $391.00 in a research note released on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the aerospace company’s stock.

Several other research analysts have also weighed in on HEI. Stifel Nicolaus set a $370.00 target price on shares of Heico and gave the stock a “buy” rating in a research note on Monday. Weiss Ratings upgraded shares of Heico from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 15th. Bank of America increased their price objective on shares of Heico from $355.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $375.00 target price (up previously from $355.00) on shares of Heico in a report on Monday. Finally, BNP Paribas set a $330.00 price target on Heico in a research note on Tuesday, November 18th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Heico currently has an average rating of “Moderate Buy” and a consensus target price of $357.07.

Heico Trading Up 0.1%

HEI opened at $338.07 on Tuesday. The stock has a market capitalization of $47.11 billion, a PE ratio of 68.85, a P/E/G ratio of 3.79 and a beta of 1.04. Heico has a one year low of $216.68 and a one year high of $340.11. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.51 and a current ratio of 2.83. The business’s 50 day moving average price is $315.69 and its 200 day moving average price is $316.46.

Heico (NYSE:HEI) last announced its quarterly earnings results on Thursday, December 18th. The aerospace company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.22 by $0.11. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. Heico had a return on equity of 16.80% and a net margin of 15.39%.The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.99 EPS. As a group, equities research analysts expect that Heico will post 4.2 EPS for the current year.

Heico Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Monday, January 5th will be issued a $0.12 dividend. This represents a dividend yield of 8.0%. The ex-dividend date is Monday, January 5th. Heico’s dividend payout ratio (DPR) is presently 4.89%.

Insider Buying and Selling

In other Heico news, Director Julie Neitzel acquired 676 shares of the stock in a transaction dated Friday, October 10th. The stock was acquired at an average cost of $243.93 per share, with a total value of $164,896.68. Following the transaction, the director owned 676 shares in the company, valued at $164,896.68. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark H. Hildebrandt acquired 400 shares of the company’s stock in a transaction dated Tuesday, October 21st. The stock was acquired at an average price of $248.76 per share, for a total transaction of $99,504.00. Following the acquisition, the director owned 1,181 shares in the company, valued at approximately $293,785.56. The trade was a 51.22% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 4,448 shares of company stock valued at $1,086,933 over the last 90 days. 9.55% of the stock is currently owned by corporate insiders.

Institutional Trading of Heico

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadcap Wealth Management LLC purchased a new stake in shares of Heico during the 1st quarter worth approximately $215,000. Panagora Asset Management Inc. purchased a new stake in Heico in the first quarter valued at $2,165,000. PDT Partners LLC lifted its position in Heico by 781.9% in the first quarter. PDT Partners LLC now owns 25,576 shares of the aerospace company’s stock valued at $6,834,000 after acquiring an additional 22,676 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Heico by 1.3% in the first quarter. Advisors Asset Management Inc. now owns 20,517 shares of the aerospace company’s stock valued at $5,482,000 after acquiring an additional 259 shares in the last quarter. Finally, Banque Transatlantique SA boosted its stake in Heico by 36.8% in the first quarter. Banque Transatlantique SA now owns 253 shares of the aerospace company’s stock valued at $62,000 after acquiring an additional 68 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.