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

HEICO Co. (NYSE:HEI) has been given an average recommendation of “Moderate Buy” by the twelve analysts that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $271.40.

Several research analysts have recently weighed in on the stock. KeyCorp initiated coverage on shares of HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. William Blair reissued an “outperform” rating on shares of HEICO in a research note on Tuesday. Finally, Truist Financial lifted their price target on shares of HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th.

Institutional Investors Weigh In On HEICO

Several institutional investors and hedge funds have recently modified their holdings of HEI. Centaurus Financial Inc. grew its position in HEICO by 8.9% in the 3rd quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock valued at $191,000 after acquiring an additional 60 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of HEICO in the third quarter valued at approximately $128,000. Cynosure Group LLC acquired a new position in shares of HEICO in the third quarter valued at approximately $358,000. Portland Investment Counsel Inc. purchased a new stake in HEICO during the 3rd quarter worth approximately $211,000. Finally, Atom Investors LP acquired a new stake in HEICO during the 3rd quarter worth approximately $1,129,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Stock Down 0.1 %

HEI stock opened at $268.68 on Friday. The company has a market cap of $37.33 billion, a price-to-earnings ratio of 73.41, a PEG ratio of 3.10 and a beta of 1.26. The firm has a 50-day moving average of $244.64 and a two-hundred day moving average of $251.81. HEICO has a 12 month low of $185.03 and a 12 month high of $283.60. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI) last posted its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.93 by $0.27. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. As a group, analysts forecast that HEICO will post 4.2 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.