Heico Corporation (NYSE:HEI) Receives Average Rating of “Moderate Buy” from Analysts

Heico Corporation (NYSE:HEI) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $371.6250.

HEI has been the subject of several research analyst reports. Susquehanna lifted their price objective on Heico from $321.00 to $365.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Wall Street Zen raised Heico from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Citigroup reaffirmed a “buy” rating and issued a $403.00 price objective (up from $323.00) on shares of Heico in a report on Monday, June 1st. UBS Group reaffirmed a “neutral” rating and issued a $390.00 price objective (up from $371.00) on shares of Heico in a report on Monday, June 1st. Finally, BNP Paribas Exane raised Heico from a “neutral” rating to an “outperform” rating in a report on Friday, February 27th.

Insider Buying and Selling at Heico

In other Heico news, Director Julie Neitzel sold 676 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total transaction of $150,748.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Bradley K. Rowen sold 1,326 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total value of $320,401.38. The disclosure for this sale is available in the SEC filing. Insiders own 4.86% of the company’s stock.

Institutional Trading of Heico

Several hedge funds have recently bought and sold shares of the stock. Diamant Asset Management Inc. lifted its position in shares of Heico by 25,698.9% in the first quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company’s stock valued at $209,392,000 after acquiring an additional 760,687 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Heico by 45.7% in the third quarter. American Century Companies Inc. now owns 769,704 shares of the aerospace company’s stock valued at $248,476,000 after acquiring an additional 241,559 shares in the last quarter. Munro Partners lifted its position in shares of Heico by 44.2% in the fourth quarter. Munro Partners now owns 284,898 shares of the aerospace company’s stock valued at $92,190,000 after acquiring an additional 87,265 shares in the last quarter. CI Investments Inc. lifted its position in shares of Heico by 40.0% in the fourth quarter. CI Investments Inc. now owns 164,036 shares of the aerospace company’s stock valued at $53,080,000 after acquiring an additional 46,846 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in shares of Heico by 263.2% in the third quarter. Balyasny Asset Management L.P. now owns 60,469 shares of the aerospace company’s stock valued at $19,521,000 after acquiring an additional 43,821 shares in the last quarter. Institutional investors own 27.12% of the company’s stock.

Heico Stock Up 0.1%

HEI stock opened at $337.39 on Friday. Heico has a 1-year low of $256.11 and a 1-year high of $361.69. The business has a fifty day moving average price of $303.53 and a 200-day moving average price of $313.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.92 and a quick ratio of 1.36. The stock has a market capitalization of $47.12 billion, a P/E ratio of 60.25, a P/E/G ratio of 3.59 and a beta of 1.03.

Heico (NYSE:HEI) last posted its quarterly earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.33. Heico had a return on equity of 17.52% 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 quarter in the previous year, the business earned $1.12 earnings per share. The company’s revenue was up 25.3% on a year-over-year basis. Equities analysts forecast that Heico will post 5.78 earnings per share for the current fiscal year.

Heico Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a dividend yield of 8.0%. Heico’s payout ratio is presently 4.29%.

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.