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

HEICO Co. (NYSE:HEI) has been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $270.20.

Several research analysts have recently weighed in on HEI shares. KeyCorp started coverage on HEICO in a report on Thursday. They set a “sector weight” rating on the stock. Bank of America boosted their price objective on HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. UBS Group initiated coverage on HEICO in a research note on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 target price for the company. Truist Financial boosted their price target on shares of HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, December 19th.

HEICO Trading Up 2.9 %

Shares of HEI stock opened at $235.16 on Friday. HEICO has a fifty-two week low of $170.66 and a fifty-two week high of $283.60. 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’s fifty day moving average is $253.46 and its two-hundred day moving average is $248.87. The firm has a market capitalization of $32.65 billion, a P/E ratio of 64.25, a PEG ratio of 3.08 and a beta of 1.28.

HEICO (NYSE:HEI) last posted its quarterly earnings results 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 net margin of 13.33% and a return on equity of 14.63%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm posted $0.74 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Research analysts expect that HEICO will post 4.21 earnings per share for the current fiscal year.

HEICO Dividend Announcement

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

Hedge Funds Weigh In On HEICO

Several large investors have recently made changes to their positions in HEI. EULAV Asset Management increased its holdings in HEICO by 5.0% in the 3rd quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock valued at $105,165,000 after purchasing an additional 19,200 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of HEICO by 3.7% in the third quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock valued at $94,885,000 after buying an additional 13,100 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in shares of HEICO by 66.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after buying an additional 77,067 shares during the period. Vantage Investment Partners LLC lifted its stake in HEICO by 1.4% during the 3rd quarter. Vantage Investment Partners LLC now owns 122,430 shares of the aerospace company’s stock worth $32,013,000 after acquiring an additional 1,717 shares in the last quarter. Finally, Marsico Capital Management LLC boosted its holdings in HEICO by 19.3% during the 2nd quarter. Marsico Capital Management LLC now owns 114,236 shares of the aerospace company’s stock valued at $25,544,000 after acquiring an additional 18,465 shares during the period. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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.