HEICO (NYSE:HEI) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of HEICO (NYSE:HEI) in a research note issued to investors on Tuesday morning, Marketbeat reports. The firm issued an equal weight rating and a $244.00 target price on the aerospace company’s stock.

Several other research analysts also recently weighed in on the company. Truist Financial boosted their target price on HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. William Blair restated an “outperform” rating on shares of HEICO in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft decreased 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. Finally, KeyCorp started coverage on shares of HEICO in a research note on Thursday, January 16th. They set a “sector weight” rating on the stock. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $268.91.

HEICO Stock Down 1.5 %

Shares of HEI opened at $250.36 on Tuesday. The firm has a market capitalization of $34.79 billion, a P/E ratio of 68.40, a P/E/G ratio of 3.10 and a beta of 1.07. HEICO has a 12-month low of $193.66 and a 12-month high of $283.60. The firm has a fifty day moving average price of $249.47 and a 200-day moving average price of $251.02. 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 released its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. Equities research analysts expect that HEICO will post 4.2 earnings per share for the current year.

Hedge Funds Weigh In On HEICO

Institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC lifted its stake in shares of HEICO by 5.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company’s stock valued at $231,000 after purchasing an additional 46 shares during the last quarter. Moran Wealth Management LLC lifted its holdings in HEICO by 1.9% during the 4th quarter. Moran Wealth Management LLC now owns 2,687 shares of the aerospace company’s stock worth $639,000 after buying an additional 51 shares in the last quarter. United Capital Financial Advisors LLC grew its stake in shares of HEICO by 5.7% in the fourth quarter. United Capital Financial Advisors LLC now owns 1,043 shares of the aerospace company’s stock worth $248,000 after acquiring an additional 56 shares in the last quarter. Moody Lynn & Lieberson LLC grew its stake in HEICO by 1.6% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company’s stock worth $1,011,000 after purchasing an additional 65 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its position in HEICO by 2.4% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,805 shares of the aerospace company’s stock valued at $667,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

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.