Analysts Set HEICO Co. (NYSE:HEI) PT at $279.45

Shares of HEICO Co. (NYSE:HEI - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $279.45.

Several equities analysts have recently weighed in on HEI shares. Barclays set a $280.00 price objective on HEICO and gave the company an "equal weight" rating in a report on Monday, June 2nd. Wall Street Zen raised HEICO from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Wells Fargo & Company boosted their price target on HEICO from $244.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Friday, May 30th. Truist Financial decreased their target price on HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Morgan Stanley boosted their target price on HEICO from $270.00 to $305.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 4th.

HEICO Stock Performance

Shares of NYSE HEI traded up $1.42 during trading hours on Wednesday, reaching $305.54. The stock had a trading volume of 419,826 shares, compared to its average volume of 479,455. The business's fifty day moving average is $269.48 and its two-hundred day moving average is $254.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. The company has a market cap of $42.50 billion, a price-to-earnings ratio of 83.48, a PEG ratio of 3.10 and a beta of 1.07. HEICO has a twelve month low of $216.68 and a twelve month high of $307.27.

HEICO (NYSE:HEI - Get Free Report) last released its quarterly earnings data on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.09. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.06 billion. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business's revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 earnings per share. As a group, research analysts expect that HEICO will post 4.2 EPS for the current year.

HEICO Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a dividend of $0.12 per share. This is a boost from HEICO's previous semi-annual dividend of $0.11. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a yield of 0.1%. HEICO's dividend payout ratio is 5.61%.

Insider Buying and Selling

In other news, Director Alan Schriesheim sold 35,000 shares of HEICO stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $298.36, for a total value of $10,442,600.00. Following the sale, the director now directly owns 122,197 shares in the company, valued at approximately $36,458,696.92. This trade represents a 22.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank J. Schwitter sold 356 shares of HEICO stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total value of $106,479.60. Following the completion of the sale, the director now owns 1,500 shares in the company, valued at approximately $448,650. This represents a 19.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,056 shares of company stock valued at $22,699,941. Corporate insiders own 9.55% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Fortress Financial Solutions LLC bought a new stake in shares of HEICO in the fourth quarter worth $263,000. Bradley Foster & Sargent Inc. CT boosted its stake in shares of HEICO by 2.4% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,805 shares of the aerospace company's stock worth $667,000 after acquiring an additional 67 shares during the period. Navellier & Associates Inc. lifted its position in shares of HEICO by 31.0% in the fourth quarter. Navellier & Associates Inc. now owns 3,158 shares of the aerospace company's stock worth $751,000 after buying an additional 748 shares in the last quarter. ARK Investment Management LLC lifted its position in shares of HEICO by 2.8% in the fourth quarter. ARK Investment Management LLC now owns 15,301 shares of the aerospace company's stock worth $3,638,000 after buying an additional 416 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. lifted its position in shares of HEICO by 7.5% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 64,460 shares of the aerospace company's stock worth $15,325,000 after buying an additional 4,504 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company's stock.

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.