HEICO (NYSE:HEI) Price Target Lowered to $277.00 at Truist Financial

HEICO (NYSE:HEI) had its target price reduced by Truist Financial from $294.00 to $277.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

Other research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. KeyCorp began coverage on shares of HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating on the stock. William Blair reaffirmed an “outperform” rating on shares of HEICO in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company assumed coverage on HEICO in a research report on Tuesday, April 15th. They set an “equal weight” rating and a $244.00 target price for the company. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $267.36.

HEICO Trading Down 1.0 %

HEICO stock opened at $244.58 on Thursday. The company’s fifty day simple moving average is $250.19 and its 200-day simple moving average is $250.66. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. HEICO has a 12 month low of $197.98 and a 12 month high of $283.60. The stock has a market cap of $33.98 billion, a P/E ratio of 66.83, a P/E/G ratio of 3.10 and a beta of 1.07.

HEICO (NYSE:HEI) last issued its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. As a group, sell-side analysts forecast that HEICO will post 4.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Wealthfront Advisers LLC raised its stake in shares of HEICO by 219,129.4% in the fourth quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company’s stock worth $5,285,970,000 after purchasing an additional 22,224,106 shares during the last quarter. Bain Capital Public Equity Management II LLC bought a new position in HEICO during the 4th quarter valued at $110,503,000. EULAV Asset Management boosted its holdings in HEICO by 12.8% during the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock worth $107,861,000 after acquiring an additional 51,500 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of HEICO by 19.1% in the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock worth $98,791,000 after acquiring an additional 66,583 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of HEICO by 2.3% in the fourth quarter. Two Sigma Advisers LP now owns 371,178 shares of the aerospace company’s stock valued at $88,244,000 after purchasing an additional 8,300 shares during the last quarter. 27.12% of the stock is owned by institutional investors.

HEICO Company Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.