HEICO Co. (NYSE:HEI) Receives $267.36 Average Price Target from Analysts

HEICO Co. (NYSE:HEI - Get Free Report) has been given an average recommendation of "Moderate Buy" by the thirteen analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $267.36.

HEI has been the subject of a number of research analyst reports. William Blair reaffirmed an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. KeyCorp started coverage on shares of HEICO in a research report on Thursday, January 16th. They set a "sector weight" rating on the stock. Wells Fargo & Company started coverage on shares of HEICO in a report on Tuesday, April 15th. They issued an "equal weight" rating and a $244.00 price target for the company. Finally, Truist Financial reduced their price objective on HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a report on Thursday, April 17th.

Insider Buying and Selling

In related news, Director Alan Schriesheim sold 50,000 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total value of $11,978,500.00. Following the sale, the director now directly owns 157,197 shares in the company, valued at $37,659,685.29. This trade represents a 24.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Julie Neitzel sold 700 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total transaction of $172,361.00. Following the transaction, the director now owns 418 shares of the company's stock, valued at approximately $102,924.14. This represents a 62.61 % decrease in their position. The disclosure for this sale can be found here. 9.55% of the stock is owned by insiders.

Hedge Funds Weigh In On HEICO

Several institutional investors and hedge funds have recently made changes to their positions in HEI. Wealthfront Advisers LLC grew its stake in HEICO by 219,129.4% in the fourth quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock valued at $5,285,970,000 after acquiring an additional 22,224,106 shares during the period. Bain Capital Public Equity Management II LLC bought a new position in shares of HEICO during the 4th quarter valued at about $110,503,000. Freestone Grove Partners LP acquired a new position in shares of HEICO in the 4th quarter valued at approximately $71,030,000. Squarepoint Ops LLC increased its stake in HEICO by 2,203.0% during the 4th quarter. Squarepoint Ops LLC now owns 87,030 shares of the aerospace company's stock worth $20,691,000 after purchasing an additional 83,251 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in HEICO during the 4th quarter worth approximately $16,578,000. Institutional investors and hedge funds own 27.12% of the company's stock.

HEICO Price Performance

Shares of HEICO stock traded down $0.05 during mid-day trading on Tuesday, reaching $247.16. 491,585 shares of the stock were exchanged, compared to its average volume of 465,151. The company has a market cap of $34.34 billion, a price-to-earnings ratio of 67.53, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07. HEICO has a fifty-two week low of $205.82 and a fifty-two week high of $283.60. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The firm has a 50-day simple moving average of $252.26 and a 200 day simple moving average of $250.07.

HEICO (NYSE:HEI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.27. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. On average, sell-side analysts predict that HEICO will post 4.2 EPS for the current fiscal year.

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.