HEICO (NYSE:HEI) Price Target Increased to $230.00 by Analysts at Stifel Nicolaus

HEICO (NYSE:HEI) had its target price lifted by Stifel Nicolaus from $215.00 to $230.00 in a report issued on Monday morning, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

HEI has been the subject of a number of other research reports. Royal Bank of Canada boosted their price target on HEICO from $210.00 to $225.00 and gave the stock an outperform rating in a report on Monday, February 26th. Bank of America raised shares of HEICO from a neutral rating to a buy rating and set a $220.00 target price for the company in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $206.00.

HEICO Stock Performance

NYSE HEI traded down $1.14 during trading on Monday, reaching $211.52. 19,544 shares of the company’s stock were exchanged, compared to its average volume of 366,417. HEICO has a fifty-two week low of $153.63 and a fifty-two week high of $213.63. The stock has a market capitalization of $29.27 billion, a P/E ratio of 69.50, a PEG ratio of 3.46 and a beta of 1.11. The business has a 50 day moving average price of $194.33 and a 200-day moving average price of $182.71. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.17 and a quick ratio of 1.40.

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

Insiders Place Their Bets

In other HEICO news, Director Frank J. Schwitter sold 400 shares of the firm’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 completion of the sale, the director now directly owns 1,255 shares of the company’s stock, valued at $243,093.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Frank J. Schwitter sold 400 shares of the 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 transaction, the director now owns 1,255 shares of the company’s stock, valued at $243,093.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alan Schriesheim sold 26,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the completion of the transaction, the director now owns 155,862 shares of the company’s stock, valued at $29,953,559.16. The disclosure for this sale can be found here. Insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On HEICO

Hedge funds and other institutional investors have recently modified their holdings of the company. Federated Hermes Inc. raised its holdings in shares of HEICO by 8.3% during the fourth quarter. Federated Hermes Inc. now owns 567,103 shares of the aerospace company’s stock valued at $101,438,000 after acquiring an additional 43,509 shares in the last quarter. Wolverine Asset Management LLC lifted its position in shares of HEICO by 114.3% in the 3rd quarter. Wolverine Asset Management LLC now owns 15,000 shares of the aerospace company’s stock worth $2,429,000 after purchasing an additional 8,000 shares during the period. Azimuth Capital Investment Management LLC bought a new stake in shares of HEICO during the 3rd quarter valued at about $6,908,000. Dynamo Internacional Gestao DE Recursos LTDA. raised its stake in HEICO by 27.3% in the third quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 80,726 shares of the aerospace company’s stock worth $13,072,000 after buying an additional 17,323 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in HEICO in the third quarter worth about $705,000. 27.12% of the stock is owned by 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.