Heico Corporation (NYSE:HEI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Heico Corporation (NYSE:HEI) have earned a consensus rating of “Moderate Buy” from the eighteen research firms that are currently covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $364.4286.

A number of analysts have commented on HEI shares. Stifel Nicolaus set a $370.00 price objective on shares of Heico and gave the company a “buy” rating in a research note on Monday, December 22nd. Truist Financial upped their price target on shares of Heico from $366.00 to $391.00 and gave the company a “buy” rating in a research report on Tuesday, December 23rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $375.00 price objective (up from $355.00) on shares of Heico in a research report on Monday, December 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Heico in a report on Monday, December 29th. Finally, UBS Group reiterated a “neutral” rating and set a $371.00 price target (up previously from $359.00) on shares of Heico in a report on Monday, December 22nd.

Heico Stock Performance

HEI opened at $332.77 on Monday. The company has a quick ratio of 1.28, a current ratio of 2.83 and a debt-to-equity ratio of 0.49. The firm has a market cap of $46.37 billion, a PE ratio of 67.77, a P/E/G ratio of 3.67 and a beta of 1.01. The business has a fifty day simple moving average of $332.16 and a 200-day simple moving average of $321.55. Heico has a fifty-two week low of $216.68 and a fifty-two week high of $361.69.

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

Heico Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, January 5th were issued a $0.12 dividend. The ex-dividend date was Monday, January 5th. This represents a dividend yield of 7.0%. Heico’s dividend payout ratio is currently 4.89%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. IFC & Insurance Marketing Inc. acquired a new stake in shares of Heico during the 4th quarter valued at $26,000. Westside Investment Management Inc. raised its holdings in shares of Heico by 100.0% during the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 43 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its position in Heico by 1,000.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 80 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new position in Heico in the third quarter valued at about $29,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in Heico in the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

About Heico

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.