Analysts Set Heico Corporation (NYSE:HEI) Price Target at $346.09

Shares of Heico Corporation (NYSE:HEI) have been given an average recommendation of “Moderate Buy” by the sixteen analysts that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and ten 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 $346.0909.

Several brokerages recently commented on HEI. The Goldman Sachs Group reaffirmed a “buy” rating and set a $382.00 price target (up previously from $337.00) on shares of Heico in a research report on Wednesday, August 27th. Zacks Research upgraded shares of Heico to a “hold” rating in a research note on Monday, August 11th. Robert W. Baird boosted their price objective on shares of Heico from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. Barclays boosted their price objective on shares of Heico from $280.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 2nd. Finally, Morgan Stanley boosted their price objective on shares of Heico from $305.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th.

Heico Stock Performance

Shares of HEI stock opened at $307.40 on Tuesday. Heico has a one year low of $216.68 and a one year high of $338.92. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.51 and a current ratio of 3.35. The company has a 50 day moving average price of $316.00 and a 200 day moving average price of $298.33. The firm has a market capitalization of $42.79 billion, a price-to-earnings ratio of 67.26, a price-to-earnings-growth ratio of 3.60 and a beta of 1.08.

Heico (NYSE:HEI) last issued its quarterly earnings results on Monday, August 25th. The aerospace company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.12 by $0.14. Heico had a net margin of 14.96% and a return on equity of 16.29%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. Heico’s revenue for the quarter was up 15.7% compared to the same quarter last year. Sell-side analysts anticipate that Heico will post 4.2 EPS for the current year.

Insider Activity at Heico

In other news, Director Alan Schriesheim bought 672 shares of the firm’s stock in a transaction dated Friday, October 10th. The stock was acquired at an average cost of $243.93 per share, for a total transaction of $163,920.96. Following the completion of the purchase, the director owned 672 shares of the company’s stock, valued at $163,920.96. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carol F. Fine bought 672 shares of the firm’s stock in a transaction dated Friday, October 10th. The stock was purchased at an average price of $243.93 per share, with a total value of $163,920.96. Following the completion of the purchase, the director directly owned 672 shares of the company’s stock, valued at approximately $163,920.96. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders bought 4,048 shares of company stock valued at $987,429 over the last quarter. Company insiders own 9.55% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HEI. Ridgewood Investments LLC boosted its stake in shares of Heico by 92.0% in the first quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 46 shares during the period. Costello Asset Management INC purchased a new position in shares of Heico in the first quarter valued at $27,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Heico by 17,800.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 178 shares during the period. Banque Transatlantique SA boosted its stake in shares of Heico by 36.8% in the first quarter. Banque Transatlantique SA now owns 253 shares of the aerospace company’s stock valued at $62,000 after purchasing an additional 68 shares during the period. Finally, Andra AP fonden purchased a new position in shares of Heico in the second quarter valued at $66,000. 27.12% of the stock is currently owned by hedge funds and other 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.