HEICO Co. (NYSE:HEI – Get Rating) has been assigned an average rating of "Moderate Buy" from the eight ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $167.14.
HEI has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price objective on shares of HEICO from $145.00 to $150.00 and gave the company a "sector perform" rating in a report on Wednesday, August 31st. Morgan Stanley lifted their price objective on shares of HEICO from $180.00 to $182.00 and gave the company an "overweight" rating in a report on Wednesday, August 31st. StockNews.com lowered shares of HEICO from a "buy" rating to a "hold" rating in a report on Wednesday, July 27th. Robert W. Baird lifted their price objective on shares of HEICO from $160.00 to $186.00 and gave the company an "outperform" rating in a report on Tuesday, August 16th. Finally, Truist Financial decreased their price objective on shares of HEICO from $182.00 to $165.00 and set a "buy" rating for the company in a report on Tuesday, July 19th.
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HEICO Price Performance
HEI stock opened at $150.44 on Thursday. HEICO has a 12 month low of $126.95 and a 12 month high of $165.61. The company has a current ratio of 3.12, a quick ratio of 1.55 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $153.38 and a 200 day moving average price of $145.95. The stock has a market cap of $20.55 billion, a PE ratio of 60.91, a P/E/G ratio of 4.79 and a beta of 1.17.
HEICO (NYSE:HEI – Get Rating) last released its quarterly earnings results on Monday, August 29th. The aerospace company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.06). HEICO had a return on equity of 14.26% and a net
margin of 16.15%. The firm had revenue of $569.53 million for the quarter, compared to analysts' expectations of $555.44 million. During the same period in the prior year, the firm posted $0.56 earnings per share. HEICO's revenue for the quarter was up 20.7% on a year-over-year basis. Equities research analysts anticipate that HEICO will post 2.56 earnings per share for the current year.
Institutional Investors Weigh In On HEICO
Large investors have recently modified their holdings of the business. AdvisorShares Investments LLC raised its holdings in shares of HEICO by 9.2% in the 1st quarter. AdvisorShares Investments LLC now owns 9,835 shares of the aerospace company's stock valued at $1,510,000 after purchasing an additional 832 shares in the last quarter. Motley Fool Asset Management LLC raised its stake in shares of HEICO by 3,963.3% during the 1st quarter. Motley Fool Asset Management LLC now owns 2,438 shares of the aerospace company's stock worth $374,000 after acquiring an additional 2,378 shares in the last quarter. JustInvest LLC bought a new position in shares of HEICO during the 4th quarter worth approximately $1,006,000. Hyman Charles D raised its stake in shares of HEICO by 17.9% during the 1st quarter. Hyman Charles D now owns 94,656 shares of the aerospace company's stock worth $14,533,000 after acquiring an additional 14,365 shares in the last quarter. Finally, Duncker Streett & Co. Inc. raised its stake in shares of HEICO by 5.1% during the 1st quarter. Duncker Streett & Co. Inc. now owns 45,073 shares of the aerospace company's stock worth $6,921,000 after acquiring an additional 2,192 shares in the last quarter. Institutional investors own 27.39% of the company's stock.
About HEICO
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HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.
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