HEICO Co. (NYSE:HEI) Receives Average Rating of “Moderate Buy” from Brokerages

HEICO Co. (NYSE:HEI) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $270.20.

Several research firms have recently weighed in on HEI. Deutsche Bank Aktiengesellschaft reduced their target price on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. KeyCorp initiated coverage on HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating on the stock. Morgan Stanley lifted their price target on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. UBS Group assumed coverage on HEICO in a report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price objective on the stock. Finally, Truist Financial lifted their target price on HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a report on Friday, October 18th.

Hedge Funds Weigh In On HEICO

Hedge funds and other institutional investors have recently modified their holdings of the company. Compass Financial Services Inc purchased a new stake in HEICO in the fourth quarter worth $26,000. Rakuten Securities Inc. bought a new position in HEICO in the 3rd quarter worth $81,000. Berbice Capital Management LLC purchased a new stake in shares of HEICO in the 4th quarter worth about $95,000. Brooklyn Investment Group bought a new stake in shares of HEICO during the 3rd quarter valued at about $128,000. Finally, Global Trust Asset Management LLC purchased a new position in shares of HEICO during the third quarter valued at about $144,000. 27.12% of the stock is owned by institutional investors.

HEICO Stock Up 1.0 %

HEICO stock opened at $236.54 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The stock has a market cap of $32.84 billion, a PE ratio of 64.63, a price-to-earnings-growth ratio of 3.28 and a beta of 1.29. HEICO has a fifty-two week low of $182.47 and a fifty-two week high of $283.60. The firm’s 50-day simple moving average is $243.39 and its 200 day simple moving average is $250.06.

HEICO (NYSE:HEI) last posted its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. Research analysts predict that HEICO will post 4.2 EPS for the current fiscal year.

HEICO Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.11 per share. This represents a dividend yield of 0.1%. The ex-dividend date was Friday, January 3rd. HEICO’s dividend payout ratio (DPR) is presently 6.01%.

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.