HEICO (NYSE:HEI) PT Raised to $265.00 at Morgan Stanley

HEICO (NYSE:HEI) had its price objective increased by equities researchers at Morgan Stanley from $245.00 to $265.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the aerospace company’s stock. Morgan Stanley’s price target points to a potential upside of 1.58% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Barclays began coverage on shares of HEICO in a research note on Monday, August 19th. They issued an “equal weight” rating and a $250.00 target price on the stock. Royal Bank of Canada increased their price target on HEICO from $250.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Bank of America boosted their price objective on shares of HEICO from $250.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Benchmark reaffirmed a “buy” rating and set a $245.00 target price on shares of HEICO in a research note on Tuesday, August 27th. Finally, Stifel Nicolaus boosted their price target on shares of HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $270.70.

HEICO Price Performance

Shares of NYSE HEI opened at $260.89 on Friday. The firm’s 50 day simple moving average is $255.17 and its 200-day simple moving average is $230.83. The stock has a market capitalization of $36.13 billion, a price-to-earnings ratio of 82.04, a PEG ratio of 3.69 and a beta of 1.22. HEICO has a 12 month low of $155.42 and a 12 month high of $269.38. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47.

HEICO (NYSE:HEI) last announced its earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The business had revenue of $992.20 million for the quarter, compared to analyst estimates of $995.34 million. During the same quarter last year, the business earned $0.77 earnings per share. The company’s revenue for the quarter was up 37.3% compared to the same quarter last year. Analysts expect that HEICO will post 3.66 EPS for the current year.

Insider Activity

In related news, Director Alan Schriesheim sold 332 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $201.63, for a total transaction of $66,941.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Eric A. Mendelson sold 20,000 shares of HEICO stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $186.09, for a total value of $3,721,800.00. Following the completion of the transaction, the insider now owns 148,891 shares in the company, valued at $27,707,126.19. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan Schriesheim sold 332 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $201.63, for a total transaction of $66,941.16. The disclosure for this sale can be found here. Insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On HEICO

A number of institutional investors and hedge funds have recently modified their holdings of HEI. Andra AP fonden purchased a new stake in HEICO during the 2nd quarter worth about $45,000. Center for Financial Planning Inc. purchased a new position in shares of HEICO in the 2nd quarter valued at $52,000. American National Bank acquired a new stake in HEICO during the 2nd quarter worth $66,000. Strategic Financial Concepts LLC acquired a new stake in shares of HEICO during the second quarter worth about $67,000. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of HEICO in the 2nd quarter valued at about $73,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

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.