HEICO Co. (NYSE:HEI) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of HEICO Co. (NYSE:HEI - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirteen ratings firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $267.36.

Several brokerages have recently issued reports on HEI. Wells Fargo & Company began coverage on shares of HEICO in a report on Tuesday, April 15th. They issued an "equal weight" rating and a $244.00 target price on the stock. Truist Financial cut their target price on shares of HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, William Blair restated an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th.

HEICO Stock Up 1.3%

Shares of NYSE HEI opened at $278.89 on Friday. HEICO has a one year low of $211.92 and a one year high of $283.60. 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 firm's 50 day simple moving average is $256.99 and its two-hundred day simple moving average is $250.67. The stock has a market capitalization of $38.75 billion, a P/E ratio of 76.20, a PEG ratio of 3.10 and a beta of 1.05.

HEICO (NYSE:HEI - Get Free Report) last issued its quarterly earnings results 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 net margin of 13.33% and a return on equity of 14.63%. The business had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $983.10 million. As a group, analysts expect that HEICO will post 4.2 EPS for the current fiscal year.

Insider Buying and Selling

In other HEICO news, Director Julie Neitzel sold 700 shares of the firm's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total transaction of $172,361.00. Following the completion of the transaction, the director now owns 418 shares of the company's stock, valued at approximately $102,924.14. This trade represents a 62.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alan Schriesheim sold 50,000 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 157,197 shares of the company's stock, valued at $37,659,685.29. This represents a 24.13% decrease in their position. The disclosure for this sale can be found here. 9.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HEICO

Several large investors have recently modified their holdings of HEI. Compass Financial Services Inc purchased a new position in shares of HEICO in the 4th quarter worth about $26,000. Ridgewood Investments LLC raised its position in shares of HEICO by 92.0% in the 1st quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company's stock worth $26,000 after purchasing an additional 46 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of HEICO in the 1st quarter worth about $27,000. Costello Asset Management INC purchased a new position in shares of HEICO in the 1st quarter worth about $27,000. Finally, Banque Transatlantique SA purchased a new position in shares of HEICO in the 4th quarter worth about $44,000. 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.

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