Heico Corporation (NYSE:HEI) Receives $292.36 Consensus Price Target from Analysts

Heico Corporation (NYSE:HEI - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirteen ratings firms that are 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 12 month price objective among brokers that have covered the stock in the last year is $292.36.

Several equities analysts recently issued reports on HEI shares. Truist Financial lowered their price target on Heico from $294.00 to $277.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Bank of America boosted their price target on Heico from $320.00 to $355.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. William Blair restated an "outperform" rating on shares of Heico in a research note on Tuesday, March 25th. Wall Street Zen upgraded Heico from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, UBS Group upped their price objective on Heico from $264.00 to $306.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th.

Heico Stock Performance

Shares of NYSE HEI traded down $0.98 during trading hours on Friday, hitting $317.11. 354,111 shares of the company's stock were exchanged, compared to its average volume of 482,497. Heico has a 1-year low of $216.68 and a 1-year high of $328.64. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.43 and a quick ratio of 1.56. The stock has a market capitalization of $44.11 billion, a price-to-earnings ratio of 74.09, a PEG ratio of 3.99 and a beta of 1.08. The company's 50-day moving average price is $295.13 and its 200-day moving average price is $261.58.

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

Heico Increases Dividend

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

Insider Buying and Selling

In other Heico news, Director Julie Neitzel sold 700 shares of the company'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 transaction, the director owned 418 shares of the company's stock, valued at approximately $102,924.14. This represents a 62.61% decrease in their position. The transaction 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 the company's stock in a transaction 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 transaction, the director directly owned 1,500 shares in the company, valued at approximately $448,650. This represents a 19.18% 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 worth $22,699,941 in the last three months. Insiders own 9.55% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Wealthfront Advisers LLC lifted its holdings in Heico by 219,129.4% during the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock worth $5,285,970,000 after buying an additional 22,224,106 shares in the last quarter. Bain Capital Public Equity Management II LLC acquired a new position in Heico during the 4th quarter worth $110,503,000. EULAV Asset Management lifted its holdings in Heico by 1.8% during the 1st quarter. EULAV Asset Management now owns 461,693 shares of the aerospace company's stock worth $123,360,000 after buying an additional 8,000 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in Heico by 2.3% during the 4th quarter. Two Sigma Advisers LP now owns 371,178 shares of the aerospace company's stock worth $88,244,000 after buying an additional 8,300 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Heico by 11.3% during the 1st quarter. American Century Companies Inc. now owns 312,615 shares of the aerospace company's stock worth $83,528,000 after buying an additional 31,834 shares in the last quarter. Institutional investors and hedge funds 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.