Brokerages Set HEICO Co. (NYSE:HEI) Target Price at $267.36

Shares of HEICO Co. (NYSE:HEI) have received an average rating of “Moderate Buy” from the thirteen brokerages that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $267.36.

HEI has been the subject of several recent research reports. Wells Fargo & Company initiated coverage on HEICO in a report on Tuesday, April 15th. They issued an “equal weight” rating and a $244.00 price target for the company. KeyCorp initiated coverage on HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating for the company. William Blair reaffirmed an “outperform” rating on shares of HEICO in a report on Tuesday, March 25th. Finally, Truist Financial cut their price target on HEICO from $294.00 to $277.00 and set a “buy” rating for the company in a report on Thursday, April 17th.

HEICO Price Performance

Shares of HEICO stock opened at $247.49 on Tuesday. The business has a 50 day simple moving average of $252.77 and a two-hundred day simple moving average of $249.89. HEICO has a 12 month low of $205.82 and a 12 month high of $283.60. The stock has a market capitalization of $34.39 billion, a P/E ratio of 67.62, a PEG ratio of 3.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34.

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

Insider Buying and Selling

In related news, Director Julie Neitzel sold 700 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total value of $172,361.00. Following the completion of the transaction, the director now directly owns 418 shares in the company, valued at approximately $102,924.14. This represents a 62.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alan Schriesheim sold 50,000 shares of HEICO stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total value of $11,978,500.00. Following the completion of the sale, the director now directly owns 157,197 shares of the company’s stock, valued at $37,659,685.29. The trade was a 24.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.55% of the stock is currently owned by company insiders.

Institutional Trading of HEICO

A number of institutional investors and hedge funds have recently bought and sold shares of HEI. Compass Financial Services Inc purchased a new stake in HEICO during the fourth quarter worth about $26,000. NBC Securities Inc. purchased a new stake in HEICO during the first quarter worth about $27,000. Banque Transatlantique SA purchased a new stake in HEICO during the fourth quarter worth about $44,000. Atwood & Palmer Inc. purchased a new stake in HEICO during the first quarter worth about $80,000. Finally, Berbice Capital Management LLC purchased a new stake in HEICO during the fourth quarter worth about $95,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

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.