Heico Corporation (NYSE:HEI) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analyst sentiment is moderately bullish: Seventeen analysts rate Heico “Moderate Buy,” including nine buys and three strong buys, with an average 12-month price target of $374.56.
• Heico reported strong quarterly results: Earnings per share came in at $1.66 versus the $1.33 consensus estimate, while revenue rose 25.3% year over year to $1.38 billion.
• The stock is trading near its 12-month high: Shares opened at $367.26, compared with a 12-month range of $256.11 to $376.86; institutional investors own 27.12% of the company, while insiders own 4.86%.

Shares of Heico Corporation (NYSE:HEI - Get Free Report) have been given an average rating of "Moderate Buy" by the seventeen analysts that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $374.5625.

A number of research analysts recently issued reports on the company. Wells Fargo & Company set a $350.00 target price on Heico and gave the stock an "equal weight" rating in a report on Monday, June 1st. Morgan Stanley set a $370.00 price target on shares of Heico in a report on Wednesday, July 15th. Citigroup restated a "buy" rating and set a $410.00 price objective (up from $403.00) on shares of Heico in a research report on Wednesday, July 1st. UBS Group reiterated a "neutral" rating and issued a $390.00 target price (up from $371.00) on shares of Heico in a report on Monday, June 1st. Finally, Royal Bank Of Canada increased their target price on shares of Heico from $375.00 to $390.00 and gave the company an "outperform" rating in a research note on Friday, May 29th.

Insider Activity at Heico

In other news, CAO Bradley K. Rowen sold 1,326 shares of the firm's stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total transaction of $320,401.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.86% of the company's stock.

Institutional Investors Weigh In On Heico

Institutional investors and hedge funds have recently modified their holdings of the stock. GM Advisory Group LLC increased its position in shares of Heico by 1.2% in the fourth quarter. GM Advisory Group LLC now owns 2,985 shares of the aerospace company's stock worth $966,000 after acquiring an additional 36 shares in the last quarter. DSM Capital Partners LLC lifted its position in shares of Heico by 5.4% in the 1st quarter. DSM Capital Partners LLC now owns 807 shares of the aerospace company's stock valued at $221,000 after acquiring an additional 41 shares in the last quarter. Mutual Advisors LLC lifted its position in shares of Heico by 3.8% in the 4th quarter. Mutual Advisors LLC now owns 1,181 shares of the aerospace company's stock valued at $382,000 after acquiring an additional 43 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its stake in Heico by 1.8% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 2,684 shares of the aerospace company's stock worth $869,000 after purchasing an additional 48 shares during the period. Finally, Coastal Bridge Advisors LLC grew its position in Heico by 4.1% during the 4th quarter. Coastal Bridge Advisors LLC now owns 1,246 shares of the aerospace company's stock worth $403,000 after purchasing an additional 49 shares in the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Heico Price Performance

Shares of NYSE:HEI opened at $367.26 on Monday. Heico has a 12 month low of $256.11 and a 12 month high of $376.86. The stock has a market cap of $51.29 billion, a price-to-earnings ratio of 65.58, a PEG ratio of 3.81 and a beta of 1.04. The stock's 50 day moving average price is $345.87 and its 200 day moving average price is $318.80. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.92 and a quick ratio of 1.36.

Heico (NYSE:HEI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.33. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.25 billion. Heico had a return on equity of 17.52% and a net margin of 16.08%.The firm's quarterly revenue was up 25.3% on a year-over-year basis. During the same period last year, the company posted $1.12 EPS. Equities research analysts anticipate that Heico will post 5.95 earnings per share for the current fiscal year.

Heico Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a dividend yield of 7.0%. Heico's dividend payout ratio is currently 4.64%.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company's offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.

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