HEICO (NYSE:HEI) Hits New 12-Month High at $210.03

Shares of HEICO Co. (NYSE:HEI) hit a new 52-week high on Thursday . The stock traded as high as $210.03 and last traded at $208.48, with a volume of 8088 shares. The stock had previously closed at $208.07.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HEI. Royal Bank of Canada increased their price objective on HEICO from $210.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Bank of America raised shares of HEICO from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research report on Thursday, January 25th. Finally, Stifel Nicolaus raised their target price on shares of HEICO from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $204.50.

HEICO Stock Performance

The business’s fifty day moving average is $193.82 and its two-hundred day moving average is $181.79. The company has a current ratio of 3.17, a quick ratio of 1.40 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $29.25 billion, a PE ratio of 69.08, a price-to-earnings-growth ratio of 3.40 and a beta of 1.11.

HEICO (NYSE:HEI) last released its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. HEICO had a return on equity of 14.35% and a net margin of 13.11%. The company had revenue of $896.36 million for the quarter, compared to analysts’ expectations of $891.32 million. During the same period last year, the firm posted $0.67 earnings per share. HEICO’s revenue was up 44.4% compared to the same quarter last year. Equities research analysts predict that HEICO Co. will post 3.47 earnings per share for the current year.

Insider Activity

In related news, Director Frank J. Schwitter sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total value of $77,480.00. Following the sale, the director now owns 1,255 shares in the company, valued at $243,093.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Frank J. Schwitter sold 400 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the sale, the director now owns 1,255 shares in the company, valued at $243,093.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alan Schriesheim sold 26,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the completion of the transaction, the director now directly owns 155,862 shares in the company, valued at $29,953,559.16. The disclosure for this sale can be found here. 8.10% of the stock is owned by corporate insiders.

Institutional Trading of HEICO

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HEI. Cambridge Investment Research Advisors Inc. grew its position in shares of HEICO by 148.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,820 shares of the aerospace company’s stock valued at $619,000 after acquiring an additional 2,285 shares during the period. Telemus Capital LLC raised its stake in shares of HEICO by 23.5% in the third quarter. Telemus Capital LLC now owns 5,748 shares of the aerospace company’s stock worth $931,000 after buying an additional 1,093 shares during the period. Advisor Partners II LLC lifted its position in shares of HEICO by 11.9% during the 3rd quarter. Advisor Partners II LLC now owns 1,337 shares of the aerospace company’s stock valued at $216,000 after buying an additional 142 shares in the last quarter. Inspire Investing LLC grew its stake in shares of HEICO by 10.3% during the 3rd quarter. Inspire Investing LLC now owns 6,023 shares of the aerospace company’s stock valued at $975,000 after acquiring an additional 563 shares during the period. Finally, Duncker Streett & Co. Inc. increased its holdings in HEICO by 1.5% in the 3rd quarter. Duncker Streett & Co. Inc. now owns 39,914 shares of the aerospace company’s stock worth $6,463,000 after acquiring an additional 579 shares in the last quarter. 27.12% of the stock is 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.