Heico Corporation (NYSE:HEI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Heico Corporation (NYSE:HEI) have received an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $359.8125.

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Heico from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Truist Financial upgraded shares of Heico to a “strong-buy” rating in a report on Friday, May 1st. Rothschild & Co Redburn set a $360.00 target price on shares of Heico and gave the company a “buy” rating in a report on Wednesday, May 13th. Weiss Ratings lowered shares of Heico from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Finally, Jefferies Financial Group set a $375.00 target price on shares of Heico in a report on Sunday.

Heico Stock Performance

NYSE:HEI opened at $310.06 on Wednesday. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average price of $283.99 and a two-hundred day moving average price of $311.25. Heico has a twelve month low of $256.11 and a twelve month high of $361.69. The company has a market capitalization of $43.26 billion, a P/E ratio of 61.28, a price-to-earnings-growth ratio of 3.69 and a beta of 0.95.

Heico (NYSE:HEI) last posted its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.09. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Heico had a net margin of 15.38% and a return on equity of 16.57%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the firm posted $1.20 EPS. As a group, research analysts expect that Heico will post 5.56 earnings per share for the current fiscal year.

Insider Transactions at Heico

In other Heico news, Director Julie Neitzel sold 676 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total value of $150,748.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 4.86% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HEI. Diamant Asset Management Inc. lifted its holdings in Heico by 25,698.9% in the 1st quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company’s stock valued at $209,392,000 after purchasing an additional 760,687 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Heico by 45.7% during the 3rd quarter. American Century Companies Inc. now owns 769,704 shares of the aerospace company’s stock worth $248,476,000 after acquiring an additional 241,559 shares during the period. Munro Partners lifted its holdings in shares of Heico by 44.2% during the 4th quarter. Munro Partners now owns 284,898 shares of the aerospace company’s stock worth $92,190,000 after acquiring an additional 87,265 shares during the period. CI Investments Inc. lifted its holdings in shares of Heico by 40.0% during the 4th quarter. CI Investments Inc. now owns 164,036 shares of the aerospace company’s stock worth $53,080,000 after acquiring an additional 46,846 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Heico by 263.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 60,469 shares of the aerospace company’s stock worth $19,521,000 after acquiring an additional 43,821 shares during the period. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

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.