Susquehanna Issues Positive Forecast for Heico (NYSE:HEI) Stock Price

Heico (NYSE:HEI) had its price objective boosted by Susquehanna from $321.00 to $365.00 in a research note published on Friday morning,Benzinga reports. They currently have a neutral rating on the aerospace company’s stock.

Several other analysts have also recently commented on HEI. BNP Paribas Exane upgraded Heico from a “neutral” rating to an “outperform” rating in a research report on Friday, February 27th. Truist Financial upgraded Heico to a “strong-buy” rating in a research report on Friday, May 1st. Wall Street Zen cut Heico from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Jefferies Financial Group reiterated a “buy” rating and set a $410.00 price target (up from $375.00) on shares of Heico in a research report on Thursday. Finally, Citigroup dropped their price target on Heico from $400.00 to $323.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $361.69.

Heico Stock Up 0.8%

Heico stock opened at $347.98 on Friday. The stock has a market capitalization of $48.55 billion, a PE ratio of 62.14, a price-to-earnings-growth ratio of 4.22 and a beta of 0.95. Heico has a 12 month low of $256.11 and a 12 month high of $361.69. The business has a 50 day simple moving average of $286.62 and a 200-day simple moving average of $311.61. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.06 and a quick ratio of 1.41.

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

Insider Activity at Heico

In other news, Director Julie Neitzel sold 676 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total value of $150,748.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.86% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Heico

Large investors have recently modified their holdings of the business. Groupama Asset Managment lifted its stake in shares of Heico by 24.0% in the 3rd quarter. Groupama Asset Managment now owns 18,139 shares of the aerospace company’s stock valued at $5,856,000 after purchasing an additional 3,512 shares during the last quarter. Indivisible Partners acquired a new position in shares of Heico in the 4th quarter valued at $5,883,000. Dynamic Technology Lab Private Ltd lifted its stake in shares of Heico by 145.7% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 8,134 shares of the aerospace company’s stock valued at $2,626,000 after purchasing an additional 4,824 shares during the last quarter. Sumitomo Life Insurance Co. lifted its stake in shares of Heico by 97.3% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 9,920 shares of the aerospace company’s stock valued at $3,202,000 after purchasing an additional 4,892 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of Heico by 149.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 3,051 shares of the aerospace company’s stock valued at $985,000 after purchasing an additional 1,830 shares during the last quarter. Institutional investors and hedge funds 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.