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

Shares of HEICO Co. (NYSE:HEI) have earned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $270.20.

HEI has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Morgan Stanley upped their price target on shares of HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. UBS Group initiated coverage on shares of HEICO in a research note on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price objective for the company. Bank of America increased their target price on shares of HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, Truist Financial raised their target price on shares of HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a report on Friday, October 18th.

HEICO Trading Down 0.7 %

Shares of HEICO stock opened at $225.73 on Friday. The stock has a market cap of $31.34 billion, a P/E ratio of 66.20, a P/E/G ratio of 3.12 and a beta of 1.28. The company has a quick ratio of 1.47, a current ratio of 3.30 and a debt-to-equity ratio of 0.63. HEICO has a 12-month low of $169.78 and a 12-month high of $283.60. The business’s 50 day moving average is $255.05 and its 200-day moving average is $248.81.

HEICO (NYSE:HEI) last posted its quarterly earnings results on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company posted $0.74 earnings per share. HEICO’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts predict that HEICO will post 3.64 earnings per share for the current fiscal year.

HEICO Dividend Announcement

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

Insider Transactions at HEICO

In other news, insider Victor H. Mendelson bought 726 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was acquired at an average price of $262.94 per share, with a total value of $190,894.44. Following the completion of the purchase, the insider now directly owns 1,234,950 shares of the company’s stock, valued at approximately $324,717,753. This represents a 0.06 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Laurans A. Mendelson bought 725 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were purchased at an average cost of $262.94 per share, with a total value of $190,631.50. Following the purchase, the chief executive officer now directly owns 929,984 shares of the company’s stock, valued at $244,529,992.96. The trade was a 0.08 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 2,175 shares of company stock worth $571,895. Company insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On HEICO

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rakuten Securities Inc. acquired a new position in shares of HEICO during the third quarter valued at about $81,000. Brooklyn Investment Group acquired a new position in shares of HEICO during the third quarter valued at about $128,000. Global Trust Asset Management LLC acquired a new position in shares of HEICO during the third quarter valued at about $144,000. Arcadia Investment Management Corp MI acquired a new position in shares of HEICO during the third quarter valued at about $157,000. Finally, Centaurus Financial Inc. grew its holdings in shares of HEICO by 8.9% during the third quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock valued at $191,000 after buying an additional 60 shares during the last quarter. 27.12% of the stock is owned by institutional investors.

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.