Heico Corporation (NYSE:HEI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Heico Corporation (NYSE:HEI) have been assigned an average recommendation of “Moderate Buy” from the nineteen brokerages that are covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $357.0714.

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $375.00 price objective (up previously from $355.00) on shares of Heico in a report on Monday, December 22nd. Citigroup assumed coverage on shares of Heico in a research report on Thursday, December 11th. They issued a “buy” rating and a $367.00 target price for the company. Stifel Nicolaus set a $370.00 price target on shares of Heico and gave the stock a “buy” rating in a research note on Monday, December 22nd. UBS Group restated a “neutral” rating and set a $371.00 price target (up from $359.00) on shares of Heico in a research report on Monday, December 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $375.00 price objective (up previously from $350.00) on shares of Heico in a research note on Monday, December 22nd.

Heico Trading Down 0.9%

HEI stock opened at $334.99 on Friday. Heico has a 12-month low of $216.68 and a 12-month high of $340.11. The business’s 50-day moving average is $316.25 and its 200 day moving average is $316.79. The company has a current ratio of 2.83, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49. The stock has a market cap of $46.68 billion, a price-to-earnings ratio of 68.23, a PEG ratio of 3.76 and a beta of 1.04.

Heico (NYSE:HEI) last released its earnings results on Thursday, December 18th. The aerospace company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.11. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. Heico had a return on equity of 16.80% and a net margin of 15.39%.The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 earnings per share. On average, sell-side analysts anticipate that Heico will post 4.2 EPS for the current fiscal year.

Heico Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Monday, January 5th will be given a $0.12 dividend. The ex-dividend date is Monday, January 5th. This represents a dividend yield of 8.0%. Heico’s dividend payout ratio is 4.89%.

Insider Activity

In related news, Director Carol F. Fine bought 672 shares of the company’s stock in a transaction on Friday, October 10th. The stock was bought at an average cost of $243.93 per share, for a total transaction of $163,920.96. Following the acquisition, the director directly owned 672 shares in the company, valued at $163,920.96. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Adolfo Henriques purchased 676 shares of Heico stock in a transaction dated Friday, October 10th. The shares were bought at an average price of $243.93 per share, for a total transaction of $164,896.68. Following the acquisition, the director owned 24,069 shares in the company, valued at approximately $5,871,151.17. This trade represents a 2.89% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 4,448 shares of company stock valued at $1,086,933 in the last 90 days. 9.55% of the stock is owned by insiders.

Institutional Investors Weigh In On Heico

Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. raised its stake in Heico by 45.7% during the third quarter. American Century Companies Inc. now owns 769,704 shares of the aerospace company’s stock worth $248,476,000 after purchasing an additional 241,559 shares during the period. Two Sigma Investments LP increased its holdings in shares of Heico by 0.6% during the 3rd quarter. Two Sigma Investments LP now owns 558,661 shares of the aerospace company’s stock worth $180,347,000 after buying an additional 3,166 shares during the last quarter. Congress Asset Management Co. raised its position in shares of Heico by 366.0% during the 2nd quarter. Congress Asset Management Co. now owns 308,457 shares of the aerospace company’s stock valued at $101,174,000 after buying an additional 242,264 shares during the period. Dixon Mitchell Investment Counsel Inc. raised its position in shares of Heico by 1.2% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 203,504 shares of the aerospace company’s stock valued at $65,695,000 after buying an additional 2,331 shares during the period. Finally, Munro Partners lifted its holdings in Heico by 8.5% in the third quarter. Munro Partners now owns 197,633 shares of the aerospace company’s stock valued at $63,800,000 after acquiring an additional 15,560 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.