Heico Corporation (HEI.A) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts maintain a moderately bullish view: Heico has a consensus “Moderate Buy” rating from 11 firms, with an average 12-month price target of $388.12.
• The stock rose 4.9% to $250.39 in the reported trading session, while Heico posted quarterly revenue of $1.41 billion and earnings of $1.67 per share.
• Insiders have been buying: Company insiders purchased 5,362 shares worth approximately $1.23 million over the past 90 days, with insiders owning 9.76% of the stock.

Heico Corporation (NYSE:HEI.A - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eleven research firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $388.12.

HEI.A has been the topic of several analyst reports. Guggenheim began coverage on shares of Heico in a research report on Tuesday, September 15th. They set a "neutral" rating on the stock. Truist Financial increased their target price on Heico from $397.00 to $412.00 and gave the stock a "buy" rating in a report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft raised their price objective on Heico from $421.00 to $425.00 and gave the company a "buy" rating in a research note on Friday, August 28th. Morgan Stanley cut their price objective on Heico from $365.00 to $345.00 in a report on Friday, October 16th. Finally, Zacks Research raised shares of Heico from a "hold" rating to a "strong-buy" rating in a report on Friday, October 2nd.

Heico Trading Up 4.9%

Shares of NYSE HEI.A traded up $11.67 during midday trading on Monday, hitting $250.39. The stock had a trading volume of 155,067 shares, compared to its average volume of 318,179. The firm has a market cap of $34.99 billion, a P/E ratio of 41.76 and a beta of 1.13. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.72 and a quick ratio of 1.27. Heico has a fifty-two week low of $199.35 and a fifty-two week high of $279.66. The company's 50-day simple moving average is $233.34 and its 200 day simple moving average is $239.37.

Heico (NYSE:HEI.A - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The company reported $1.67 earnings per share (EPS) for the quarter. Heico had a return on equity of 18.00% and a net margin of 16.38%. The business had revenue of $1.41 billion for the quarter.

Insider Buying and Selling

In other news, Director Alan Schriesheim bought 795 shares of the stock in a transaction dated Thursday, October 8th. The stock was bought at an average price of $220.30 per share, for a total transaction of $175,138.50. Following the completion of the acquisition, the director directly owned 1,202 shares in the company, valued at approximately $264,800.60. This trade represents a 195.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Adolfo Henriques bought 795 shares of the business's stock in a transaction dated Thursday, October 8th. The stock was acquired at an average price of $220.30 per share, for a total transaction of $175,138.50. Following the purchase, the director directly owned 24,864 shares in the company, valued at approximately $5,477,539.20. The trade was a 3.30% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 5,362 shares of company stock worth $1,225,430 over the last 90 days. 9.76% of the stock is owned by company insiders.

Heico Company Profile

HEICO Corporation is a diversified aerospace, defense, electronics and industrial technology company headquartered in Hollywood, Florida. Founded in 1957, the company develops and manufactures products used by commercial and regional airlines, aircraft manufacturers, defense contractors, space companies, medical organizations, telecommunications providers and other industrial customers worldwide.

HEICO operates through two primary business segments. Its Flight Support Group supplies FAA-approved replacement parts and provides repair, overhaul and other maintenance services for commercial and military aircraft.

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