Brokerages Set Heico Corporation (NYSE:HEI) Price Target at $364.43

Shares of Heico Corporation (NYSE:HEI) have been assigned an average rating of “Moderate Buy” from the eighteen analysts that are presently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $364.4286.

A number of research firms have recently issued reports on HEI. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $375.00 price objective (up from $355.00) on shares of Heico in a research note on Monday, December 22nd. Susquehanna began coverage on Heico in a report on Friday, January 23rd. They issued a “neutral” rating and a $385.00 price target on the stock. Truist Financial upped their price objective on Heico from $366.00 to $391.00 and gave the stock a “buy” rating in a research note on Tuesday, December 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $375.00 target price (up previously from $350.00) on shares of Heico in a research note on Monday, December 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Heico in a report on Monday, December 29th.

Heico Trading Up 1.5%

Shares of NYSE HEI opened at $351.34 on Monday. Heico has a twelve month low of $224.63 and a twelve month high of $361.69. The firm has a market cap of $48.96 billion, a PE ratio of 71.56, a price-to-earnings-growth ratio of 3.88 and a beta of 1.01. The business has a fifty day simple moving average of $335.25 and a two-hundred day simple moving average of $322.18. The company has a quick ratio of 1.28, a current ratio of 2.83 and a debt-to-equity ratio of 0.49.

Heico (NYSE:HEI) last released its quarterly earnings data on Thursday, December 18th. The aerospace company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.11. Heico had a return on equity of 16.80% and a net margin of 15.39%.The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. Analysts expect that Heico will post 4.2 earnings per share for the current fiscal year.

Heico Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Monday, January 5th. This represents a yield of 7.0%. Heico’s dividend payout ratio is presently 4.89%.

Institutional Trading of Heico

Several hedge funds and other institutional investors have recently made changes to their positions in the business. American Century Companies Inc. grew its stake in 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 buying an additional 241,559 shares during the last quarter. Munro Partners acquired a new stake in Heico in the second quarter worth about $59,720,000. CI Investments Inc. boosted its holdings in Heico by 40.0% in the fourth quarter. CI Investments Inc. now owns 164,036 shares of the aerospace company’s stock worth $53,080,000 after acquiring an additional 46,846 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Heico by 263.2% during the third quarter. Balyasny Asset Management L.P. now owns 60,469 shares of the aerospace company’s stock worth $19,521,000 after acquiring an additional 43,821 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Heico by 12.1% during the fourth quarter. Fisher Asset Management LLC now owns 326,386 shares of the aerospace company’s stock valued at $105,615,000 after acquiring an additional 35,288 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

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.