Brokerages Set Heico Corporation (NYSE:HEI) Target Price at $362.85

Shares of Heico Corporation (NYSE:HEI) have been given an average recommendation of “Moderate Buy” by the eighteen brokerages that are currently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $364.4286.

HEI has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Heico from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. BNP Paribas Exane set a $330.00 price target on shares of Heico in a research note on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $375.00 price target (up previously from $355.00) on shares of Heico in a report on Monday, December 22nd. Citigroup reaffirmed a “buy” rating and set a $415.00 price objective (up from $367.00) on shares of Heico in a report on Tuesday, January 13th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $375.00 target price (up previously from $350.00) on shares of Heico in a research note on Monday, December 22nd.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. American Century Companies Inc. grew its holdings in shares of Heico by 45.7% during the 3rd quarter. American Century Companies Inc. now owns 769,704 shares of the aerospace company’s stock worth $248,476,000 after purchasing an additional 241,559 shares during the period. Two Sigma Investments LP increased its position in shares of Heico by 0.6% during the third quarter. Two Sigma Investments LP now owns 558,661 shares of the aerospace company’s stock valued at $180,347,000 after acquiring an additional 3,166 shares during the last quarter. Congress Asset Management Co. raised its stake in shares of Heico by 366.0% in the 2nd quarter. Congress Asset Management Co. now owns 308,457 shares of the aerospace company’s stock valued at $101,174,000 after acquiring an additional 242,264 shares during the period. Dixon Mitchell Investment Counsel Inc. boosted its position in shares of Heico by 1.2% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 203,504 shares of the aerospace company’s stock worth $65,695,000 after purchasing an additional 2,331 shares during the period. Finally, Munro Partners boosted its position in shares of Heico by 8.5% during the 3rd quarter. Munro Partners now owns 197,633 shares of the aerospace company’s stock worth $63,800,000 after purchasing an additional 15,560 shares during the period. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Heico Trading Down 1.7%

Shares of Heico stock opened at $333.67 on Thursday. The stock has a market cap of $46.50 billion, a PE ratio of 67.96, a price-to-earnings-growth ratio of 3.69 and a beta of 1.03. The firm has a fifty day moving average price of $326.62 and a 200 day moving average price of $320.58. Heico has a 1 year low of $216.68 and a 1 year high of $361.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.83 and a quick ratio of 1.28.

Heico (NYSE:HEI) last issued its earnings results on Thursday, December 18th. The aerospace company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.11. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. Heico had a return on equity of 16.80% and a net margin of 15.39%.The company’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 earnings per share. Equities research analysts predict that Heico will post 4.2 earnings per share for the current year.

Heico Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, January 20th. Investors of record on Monday, January 5th were given a dividend of $0.12 per share. This represents a dividend yield of 7.0%. The ex-dividend date was Monday, January 5th. Heico’s payout ratio is presently 4.89%.

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.