HEICO Co. (NYSE:HEI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of HEICO Co. (NYSE:HEI) have been given an average rating of “Moderate Buy” by the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $270.70.

A number of equities analysts have issued reports on the company. Robert W. Baird increased their price objective on HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Morgan Stanley boosted their price objective on shares of HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Barclays assumed coverage on shares of HEICO in a research note on Monday, August 19th. They set an “equal weight” rating and a $250.00 target price for the company. UBS Group initiated coverage on HEICO in a research note on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price target on the stock. Finally, Truist Financial raised their price objective on HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research report on Friday, October 18th.

Insider Buying and Selling at HEICO

In related news, Director Alan Schriesheim sold 332 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $201.63, for a total value of $66,941.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Victor H. Mendelson acquired 726 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were acquired at an average price of $262.94 per share, for a total transaction of $190,894.44. Following the completion of the purchase, the insider now owns 1,234,950 shares of the company’s stock, valued at approximately $324,717,753. This represents a 0.06 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 2,650 shares of company stock worth $691,718 over the last quarter. Insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

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

HEICO Stock Up 0.6 %

Shares of HEI opened at $279.14 on Friday. The firm has a market cap of $38.69 billion, a P/E ratio of 81.86, a P/E/G ratio of 3.31 and a beta of 1.23. HEICO has a 1 year low of $167.56 and a 1 year high of $282.82. The stock has a 50 day simple moving average of $261.57 and a two-hundred day simple moving average of $241.28. 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 quarterly earnings data on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.05. The firm had revenue of $992.20 million during the quarter, compared to the consensus estimate of $995.34 million. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The business’s revenue was up 37.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 earnings per share. On average, analysts forecast that HEICO will post 3.65 earnings per share for the current fiscal year.

About HEICO

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.