Heico (NYSE:HEI) Price Target Raised to $390.00 at Royal Bank Of Canada

Heico (NYSE:HEI) had its target price upped by Royal Bank Of Canada from $375.00 to $390.00 in a report issued on Friday morning,Benzinga reports. They currently have an outperform rating on the aerospace company’s stock.

Several other equities analysts have also issued reports on the stock. Citigroup cut their price target on shares of Heico from $400.00 to $323.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Weiss Ratings lowered shares of Heico from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Susquehanna lifted their price target on shares of Heico from $321.00 to $365.00 and gave the stock a “neutral” rating in a report on Friday. Wall Street Zen downgraded shares of Heico from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Rothschild & Co Redburn set a $360.00 price objective on shares of Heico and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $361.69.

Heico Stock Performance

Shares of HEI stock opened at $347.98 on Friday. The firm has a market cap of $48.55 billion, a price-to-earnings ratio of 62.14, a PEG ratio of 4.22 and a beta of 0.95. The company’s 50 day moving average is $286.62 and its 200 day moving average is $311.61. The company has a quick ratio of 1.41, a current ratio of 3.06 and a debt-to-equity ratio of 0.55. Heico has a 52-week low of $256.11 and a 52-week high of $361.69.

Heico (NYSE:HEI) last issued its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.33. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.25 billion. Heico had a net margin of 16.08% and a return on equity of 17.98%. Heico’s revenue was up 25.3% compared to the same quarter last year. During the same period last year, the company posted $1.12 earnings per share. On average, sell-side analysts anticipate that Heico will post 5.56 EPS for the current fiscal year.

Insider Transactions at Heico

In related 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 transaction of $150,748.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.86% of the company’s stock.

Institutional Trading of Heico

Several large investors have recently bought and sold shares of HEI. GM Advisory Group LLC boosted its holdings in shares of Heico by 1.2% in the fourth quarter. GM Advisory Group LLC now owns 2,985 shares of the aerospace company’s stock valued at $966,000 after purchasing an additional 36 shares during the period. Pekin Hardy Strauss Inc. boosted its holdings in shares of Heico by 4.4% in the third quarter. Pekin Hardy Strauss Inc. now owns 887 shares of the aerospace company’s stock valued at $286,000 after purchasing an additional 37 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. boosted its holdings in shares of Heico by 4.0% in the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,047 shares of the aerospace company’s stock valued at $339,000 after purchasing an additional 40 shares during the period. DSM Capital Partners LLC boosted its holdings in shares of Heico by 5.4% in the first quarter. DSM Capital Partners LLC now owns 807 shares of the aerospace company’s stock valued at $221,000 after purchasing an additional 41 shares during the period. Finally, Westside Investment Management Inc. boosted its holdings in shares of Heico by 100.0% in the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 43 shares during the period. Hedge funds and other institutional investors own 27.12% of the company’s stock.

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.