Heico Corporation (NYSE:HEI) Given Average Rating of "Moderate Buy" by Analysts

Shares of Heico Corporation (NYSE:HEI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Five 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 brokers that have issued a report on the stock in the last year is $292.36.

HEI has been the topic of a number of research analyst reports. Barclays set a $280.00 price target on shares of Heico and gave the company an "equal weight" rating in a research note on Monday, June 2nd. UBS Group lifted their target price on shares of Heico from $264.00 to $306.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. Wall Street Zen upgraded shares of Heico from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Morgan Stanley raised their target price on Heico from $270.00 to $305.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. Finally, Truist Financial cut their target price on Heico from $294.00 to $277.00 and set a "buy" rating for the company in a research note on Thursday, April 17th.

Insider Activity

In related news, Director Alan Schriesheim sold 35,000 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $298.36, for a total transaction of $10,442,600.00. Following the transaction, the director directly owned 122,197 shares in the company, valued at approximately $36,458,696.92. This represents a 22.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Julie Neitzel sold 700 shares of the company's stock in a transaction dated 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 directly owned 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. Insiders have sold a total of 86,056 shares of company stock valued at $22,699,941 over the last quarter. Corporate insiders own 9.55% of the company's stock.

Institutional Investors Weigh In On Heico

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ridgewood Investments LLC increased its holdings in Heico by 92.0% in the first quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company's stock valued at $26,000 after buying an additional 46 shares during the last quarter. Costello Asset Management INC acquired a new position in Heico in the first quarter worth $27,000. NBC Securities Inc. bought a new stake in Heico during the first quarter valued at $27,000. Caitong International Asset Management Co. Ltd raised its stake in Heico by 17,800.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company's stock worth $48,000 after acquiring an additional 178 shares during the period. Finally, Banque Transatlantique SA bought a new position in Heico in the fourth quarter worth about $44,000. Institutional investors own 27.12% of the company's stock.

Heico Stock Performance

Shares of NYSE HEI traded up $5.83 during midday trading on Friday, reaching $324.67. 220,511 shares of the stock were exchanged, compared to its average volume of 482,202. The company has a quick ratio of 1.56, a current ratio of 3.43 and a debt-to-equity ratio of 0.56. The firm has a market cap of $45.16 billion, a price-to-earnings ratio of 75.86, a PEG ratio of 4.11 and a beta of 1.08. The firm has a 50-day simple moving average of $290.87 and a two-hundred day simple moving average of $260.03. Heico has a twelve month low of $216.68 and a twelve month high of $328.64.

Heico (NYSE:HEI - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The aerospace company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.03 by $0.09. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. Heico had a net margin of 14.54% and a return on equity of 15.88%. The firm's revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the business earned $0.88 earnings per share. As a group, analysts anticipate that Heico will post 4.2 EPS for the current fiscal year.

Heico Increases Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, July 1st. This is an increase from Heico's previous semi-annual dividend of $0.11. This represents a dividend yield of 0.1%. Heico's dividend payout ratio (DPR) is currently 5.61%.

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.