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

Key Points

• Analyst consensus: Eighteen analysts give Heico an average rating of "Moderate Buy" (11 buys, 7 holds) with a 12‑month average price target of $364.43.
• Quarterly results: Heico beat estimates with Q EPS of $1.35 vs. $1.26 expected and revenue of $1.18B (up 14.4% year‑over‑year); analysts forecast about 4.2 EPS for the current year.
• Dividend: The company paid a $0.12 dividend (ex‑dividend Jan 5), reported as a 7.0% yield and a dividend payout ratio of 4.74% in the report.

Shares of Heico Corporation (NYSE:HEI - Get Free Report) have been given an average rating of "Moderate Buy" by the eighteen analysts that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $364.4286.

Several brokerages have recently weighed in on HEI. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $375.00 target price (up from $350.00) on shares of Heico in a research report on Monday, December 22nd. UBS Group reaffirmed a "neutral" rating and issued a $371.00 price objective (up from $359.00) on shares of Heico in a research report on Monday, December 22nd. Truist Financial lifted their price objective on shares of Heico from $366.00 to $391.00 and gave the company a "buy" rating in a research note on Tuesday, December 23rd. Susquehanna began coverage on shares of Heico in a report on Friday, January 23rd. They issued a "neutral" rating and a $385.00 price objective on the stock. Finally, Wall Street Zen cut shares of Heico from a "buy" rating to a "hold" rating in a research report on Sunday, March 8th.

Institutional Investors Weigh In On Heico

Institutional investors have recently modified their holdings of the stock. IFC & Insurance Marketing Inc. acquired a new stake in shares of Heico in the 4th quarter worth about $26,000. Westside Investment Management Inc. grew its position in Heico by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company's stock worth $28,000 after purchasing an additional 43 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its stake in shares of Heico by 1,000.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 80 shares during the period. Greykasell Wealth Strategies Inc. bought a new stake in shares of Heico during the third quarter valued at approximately $29,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Heico in the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Heico Price Performance

HEI stock opened at $289.71 on Friday. The company has a market cap of $40.37 billion, a PE ratio of 57.26, a price-to-earnings-growth ratio of 3.76 and a beta of 1.01. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average price of $333.66 and a two-hundred day moving average price of $322.88. Heico has a 12-month low of $229.07 and a 12-month high of $361.69.

Heico (NYSE:HEI - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The aerospace company reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.09. Heico had a return on equity of 16.57% and a net margin of 15.38%.The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the business posted $1.20 EPS. The company's quarterly revenue was up 14.4% compared to the same quarter last year. As a group, research analysts predict that Heico will post 4.2 EPS for the current year.

Heico Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, January 5th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a dividend yield of 7.0%. Heico's dividend payout ratio (DPR) is presently 4.74%.

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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