Susquehanna Issues Positive Forecast for Heico (NYSE:HEI) Stock Price

Heico (NYSE:HEI) had its price target raised by investment analysts at Susquehanna from $321.00 to $365.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the aerospace company’s stock. Susquehanna’s price target would suggest a potential upside of 6.60% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Truist Financial upgraded Heico to a “strong-buy” rating in a research report on Friday, May 1st. Wall Street Zen downgraded Heico from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Wells Fargo & Company initiated coverage on shares of Heico in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $290.00 price target for the company. BNP Paribas Exane raised shares of Heico from a “neutral” rating to an “outperform” rating in a report on Friday, February 27th. Finally, Weiss Ratings lowered shares of Heico from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $360.75.

Heico Stock Performance

HEI stock traded down $2.67 on Friday, hitting $342.40. The company had a trading volume of 81,560 shares, compared to its average volume of 653,060. Heico has a 12-month low of $256.11 and a 12-month high of $361.69. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55. The stock’s 50-day simple moving average is $285.42 and its 200 day simple moving average is $311.35. The stock has a market cap of $47.77 billion, a price-to-earnings ratio of 61.26, a P/E/G ratio of 3.79 and a beta of 0.95.

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

Insider Buying and Selling at Heico

In related news, Director Julie Neitzel sold 676 shares of the stock in a transaction dated 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 document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.86% of the company’s stock.

Institutional Investors Weigh In On Heico

Hedge funds and other institutional investors have recently modified their holdings of the business. GM Advisory Group LLC raised its holdings in shares of Heico by 1.2% during the 4th quarter. GM Advisory Group LLC now owns 2,985 shares of the aerospace company’s stock worth $966,000 after acquiring an additional 36 shares during the period. Pekin Hardy Strauss Inc. grew its holdings in shares of Heico by 4.4% in the third quarter. Pekin Hardy Strauss Inc. now owns 887 shares of the aerospace company’s stock valued at $286,000 after purchasing an additional 37 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. raised its stake in Heico by 4.0% during the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,047 shares of the aerospace company’s stock worth $339,000 after purchasing an additional 40 shares during the period. DSM Capital Partners LLC raised its stake in Heico by 5.4% during the first quarter. DSM Capital Partners LLC now owns 807 shares of the aerospace company’s stock worth $221,000 after purchasing an additional 41 shares during the period. Finally, Westside Investment Management Inc. boosted its holdings in Heico by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 43 shares during the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

About Heico

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.