Heico Corporation (NYSE:HEI) Given Average Rating of “Moderate Buy” by Analysts

by · The Markets Daily

Heico Corporation (NYSE:HEI – Get Free Report) has earned an average recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $357.0714.

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $375.00 price target (up from $355.00) on shares of Heico in a research report on Monday, December 22nd. BNP Paribas set a $330.00 target price on shares of Heico in a report on Tuesday, November 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $375.00 target price (up from $350.00) on shares of Heico in a research note on Monday, December 22nd. Truist Financial increased their price target on shares of Heico from $366.00 to $391.00 and gave the company a “buy” rating in a research report on Tuesday, December 23rd. Finally, UBS Group restated a “neutral” rating and issued a $371.00 price objective (up previously from $359.00) on shares of Heico in a research report on Monday, December 22nd.

Read Our Latest Stock Report on HEI

Heico Price Performance

Shares of NYSE:HEI opened at $329.56 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.83 and a debt-to-equity ratio of 0.49. The stock has a market cap of $45.93 billion, a PE ratio of 67.12, a PEG ratio of 3.68 and a beta of 1.03. The company’s fifty day moving average is $317.44 and its 200 day moving average is $317.56. Heico has a 52 week low of $216.68 and a 52 week high of $340.11.

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

Heico Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, January 20th. Investors of record on Monday, January 5th will be issued a dividend of $0.12 per share. This represents a yield of 8.0%. The ex-dividend date is Monday, January 5th. Heico’s payout ratio is currently 4.89%.

Insiders Place Their Bets

In other Heico news, Director Mark H. Hildebrandt acquired 400 shares of the business’s stock in a transaction dated Tuesday, October 21st. The shares were purchased at an average cost of $248.76 per share, for a total transaction of $99,504.00. Following the transaction, the director owned 1,181 shares in the company, valued at $293,785.56. This represents a 51.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carol F. Fine bought 672 shares of Heico stock in a transaction dated Friday, October 10th. The shares were acquired at an average cost of $243.93 per share, for a total transaction of $163,920.96. Following the completion of the purchase, the director directly owned 672 shares of the company’s stock, valued at approximately $163,920.96. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 4,448 shares of company stock worth $1,086,933. Insiders own 9.55% of the company’s stock.

Hedge Funds Weigh In On Heico

Hedge funds and other institutional investors have recently modified their holdings of the stock. Westside Investment Management Inc. lifted its holdings in Heico by 100.0% in the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after buying an additional 43 shares during the period. Greykasell Wealth Strategies Inc. purchased a new position in shares of Heico in the 3rd quarter valued at approximately $29,000. Hazlett Burt & Watson Inc. purchased a new position in shares of Heico in the 3rd quarter valued at approximately $31,000. Ridgewood Investments LLC boosted its position in shares of Heico by 36.5% during the second quarter. Ridgewood Investments LLC now owns 131 shares of the aerospace company’s stock valued at $43,000 after purchasing an additional 35 shares in the last quarter. Finally, Andra AP fonden purchased a new stake in Heico in the second quarter worth $66,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Heico Company Profile

(Get Free Report)

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.

Featured Stories