HEICO Co. (NYSE:HEI) Receives $270.20 Consensus Target Price from Brokerages

Shares of HEICO Co. (NYSE:HEI) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $270.20.

Several research analysts have recently issued reports on HEI shares. KeyCorp began coverage on HEICO in a research note on Thursday. They issued a “sector weight” rating for the company. Truist Financial raised their price target on shares of HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Morgan Stanley raised their target price on shares of HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Finally, Bank of America upped their price target on shares of HEICO from $250.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, September 19th.

HEICO Trading Up 2.9 %

Shares of HEICO stock opened at $235.16 on Friday. The firm’s 50 day simple moving average is $253.46 and its two-hundred day simple moving average is $248.87. The firm has a market capitalization of $32.65 billion, a price-to-earnings ratio of 64.25, a PEG ratio of 3.08 and a beta of 1.28. HEICO has a 12-month low of $170.66 and a 12-month high of $283.60. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI) last released its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm earned $0.74 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. Analysts predict that HEICO will post 4.21 EPS for the current year.

HEICO Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a $0.11 dividend. The ex-dividend date is Friday, January 3rd. This represents a dividend yield of 0.1%. HEICO’s dividend payout ratio is presently 6.01%.

Institutional Trading of HEICO

Institutional investors and hedge funds have recently made changes to their positions in the business. Rakuten Securities Inc. purchased a new position in shares of HEICO during the 3rd quarter valued at approximately $81,000. Brooklyn Investment Group purchased a new position in HEICO during the third quarter valued at $128,000. Global Trust Asset Management LLC acquired a new stake in shares of HEICO in the third quarter valued at about $144,000. Arcadia Investment Management Corp MI purchased a new stake in shares of HEICO during the third quarter worth about $157,000. Finally, Householder Group Estate & Retirement Specialist LLC raised its position in shares of HEICO by 476.3% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock worth $156,000 after purchasing an additional 543 shares during the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

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.