Analysts Set Heico Corporation (NYSE:HEI) PT at $395.71

Heico Corporation (NYSE:HEI) has earned an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $395.3846.

A number of analysts have commented on the company. Susquehanna upped their price target on Heico from $321.00 to $365.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. The Goldman Sachs Group reiterated a “buy” rating and set a $491.00 price objective on shares of Heico in a research note on Monday, August 31st. Deutsche Bank Aktiengesellschaft set a $421.00 target price on shares of Heico and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Rothschild & Co Redburn set a $360.00 price target on shares of Heico and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, Citigroup upped their price target on shares of Heico from $429.00 to $441.00 and gave the stock a “buy” rating in a research report on Friday, August 28th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. GM Advisory Group LLC grew its holdings in Heico by 1.2% during the 4th quarter. GM Advisory Group LLC now owns 2,985 shares of the aerospace company’s stock valued at $966,000 after buying an additional 36 shares in the last quarter. DSM Capital Partners LLC increased its holdings in Heico by 5.4% in the 1st quarter. DSM Capital Partners LLC now owns 807 shares of the aerospace company’s stock valued at $221,000 after acquiring an additional 41 shares during the last quarter. Mutual Advisors LLC lifted its stake in Heico by 3.8% in the 4th quarter. Mutual Advisors LLC now owns 1,181 shares of the aerospace company’s stock worth $382,000 after purchasing an additional 43 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its holdings in shares of Heico by 1.8% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 2,684 shares of the aerospace company’s stock valued at $869,000 after purchasing an additional 48 shares during the last quarter. Finally, Fortress Financial Solutions LLC increased its holdings in shares of Heico by 2.8% in the first quarter. Fortress Financial Solutions LLC now owns 1,796 shares of the aerospace company’s stock worth $493,000 after purchasing an additional 49 shares during the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

Heico Trading Down 2.9%

Shares of Heico stock opened at $316.15 on Friday. Heico has a 1-year low of $256.11 and a 1-year high of $376.86. The company’s fifty day simple moving average is $351.37 and its 200-day simple moving average is $321.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.72 and a quick ratio of 1.27. The stock has a market capitalization of $44.18 billion, a PE ratio of 52.60, a P/E/G ratio of 2.76 and a beta of 1.04.

Heico (NYSE:HEI) last announced its earnings results on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.16. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Heico had a return on equity of 18.00% and a net margin of 16.38%.Heico’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the firm earned $1.26 EPS. As a group, equities analysts anticipate that Heico will post 6.21 earnings per share for the current year.

Heico Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a yield of 7.0%. Heico’s dividend payout ratio (DPR) is currently 4.33%.

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.