Heico Corporation (NYSE:HEI) Receives $307.18 Average PT from Analysts

Key Points

• Heico Corporation (NYSE:HEI) received a consensus recommendation of "Moderate Buy" from fifteen analysts, with an average 12-month price target of $307.18.
• The company reported $1.12 EPS for the recent quarter, surpassing the consensus estimate and reflecting a 14.9% year-over-year revenue increase.
• Heico increased its semi-annual dividend from $0.11 to $0.12, resulting in a dividend yield of 10.0%.

Shares of Heico Corporation (NYSE:HEI - Get Free Report) have been assigned an average rating of "Moderate Buy" from the fifteen ratings firms that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $340.1818.

Several brokerages have recently commented on HEI. UBS Group raised their price objective on shares of Heico from $346.00 to $375.00 and gave the company a "neutral" rating in a research report on Wednesday. Jefferies Financial Group restated a "buy" rating on shares of Heico in a research report on Monday, August 18th. Wall Street Zen downgraded shares of Heico from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. The Goldman Sachs Group restated a "buy" rating and set a $382.00 price objective (up from $337.00) on shares of Heico in a research report on Wednesday. Finally, Stifel Nicolaus set a $360.00 price objective on shares of Heico in a research report on Tuesday.

Insiders Place Their Bets

In other Heico news, Chairman Laurans A. Mendelson sold 56,300 shares of Heico stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $319.45, for a total value of $17,985,035.00. Following the completion of the transaction, the chairman directly owned 1,253,127 shares of the company's stock, valued at $400,311,420.15. This trade represents a 4.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Frank J. Schwitter sold 356 shares of Heico stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total transaction of $106,479.60. Following the completion of the transaction, the director directly owned 1,500 shares of the company's stock, valued at $448,650. The trade was a 19.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 91,656 shares of company stock valued at $28,534,115 in the last three months. Corporate insiders own 9.55% of the company's stock.

Institutional Investors Weigh In On Heico

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Avalon Capital Management lifted its holdings in Heico by 0.9% during the 2nd quarter. Avalon Capital Management now owns 3,895 shares of the aerospace company's stock valued at $1,278,000 after buying an additional 33 shares in the last quarter. Ridgewood Investments LLC lifted its holdings in Heico by 36.5% during the 2nd quarter. Ridgewood Investments LLC now owns 131 shares of the aerospace company's stock valued at $43,000 after buying an additional 35 shares in the last quarter. Barrett & Company Inc. lifted its holdings in Heico by 1.6% during the 2nd quarter. Barrett & Company Inc. now owns 3,216 shares of the aerospace company's stock valued at $1,055,000 after buying an additional 50 shares in the last quarter. Emerald Advisers LLC lifted its holdings in Heico by 1.9% during the 2nd quarter. Emerald Advisers LLC now owns 3,000 shares of the aerospace company's stock valued at $984,000 after buying an additional 56 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC lifted its holdings in Heico by 1.4% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 4,230 shares of the aerospace company's stock valued at $1,387,000 after buying an additional 60 shares in the last quarter. Institutional investors own 27.12% of the company's stock.

Heico Stock Performance

HEI stock traded down $5.88 on Monday, hitting $312.19. The company had a trading volume of 427,040 shares, compared to its average volume of 505,436. Heico has a 12-month low of $216.68 and a 12-month high of $338.92. The company has a current ratio of 3.35, a quick ratio of 1.56 and a debt-to-equity ratio of 0.58. The stock's 50-day simple moving average is $318.36 and its 200 day simple moving average is $282.52. The stock has a market cap of $43.43 billion, a price-to-earnings ratio of 68.31, a P/E/G ratio of 3.94 and a beta of 1.11.

Heico (NYSE:HEI - Get Free Report) last released its quarterly earnings results on Monday, August 25th. The aerospace company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.14. Heico had a net margin of 14.96% and a return on equity of 16.29%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm earned $0.97 earnings per share. The company's quarterly revenue was up 15.7% on a year-over-year basis. As a group, equities research analysts expect that Heico will post 4.2 earnings per share for the current fiscal year.

Heico Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This is a positive change from Heico's previous semi-annual dividend of $0.11. This represents a yield of 10.0%. Heico's dividend payout ratio is 5.25%.

About Heico

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.