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

Heico Corporation (NYSE:HEI - Get Free Report) has earned an average rating of "Moderate Buy" from the thirteen analysts that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $292.36.

A number of equities analysts recently weighed in on the stock. Bank of America boosted their price objective on shares of Heico from $320.00 to $355.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Truist Financial decreased their price objective on shares of Heico from $294.00 to $277.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Stifel Nicolaus set a $352.00 price objective on shares of Heico and gave the stock a "buy" rating in a report on Tuesday, June 24th. Morgan Stanley boosted their price objective on shares of Heico from $270.00 to $305.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 4th. Finally, Wells Fargo & Company increased their price target on Heico from $244.00 to $278.00 and gave the company an "equal weight" rating in a report on Friday, May 30th.

Heico Stock Down 0.3%

Shares of HEI stock traded down $0.98 during trading hours on Friday, hitting $317.11. 354,111 shares of the company's stock traded hands, compared to its average volume of 482,497. Heico has a 12-month low of $216.68 and a 12-month high of $328.64. The stock has a market cap 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 stock's fifty day simple moving average is $295.13 and its two-hundred day simple moving average is $261.58. The company has a quick ratio of 1.56, a current ratio of 3.43 and a debt-to-equity ratio of 0.56.

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

Heico Increases Dividend

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

Insider Transactions at Heico

In other news, 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 completion of the sale, the director directly owned 1,500 shares in the company, valued at $448,650. This represents a 19.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alan Schriesheim sold 35,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $298.36, for a total value of $10,442,600.00. Following the completion of the sale, the director owned 122,197 shares of the company's stock, valued at $36,458,696.92. The trade was a 22.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,056 shares of company stock worth $22,699,941 in the last three months. Corporate insiders own 9.55% of the company's stock.

Institutional Investors Weigh In On Heico

Institutional investors have recently bought and sold shares of the business. Ridgewood Investments LLC increased its stake in Heico by 92.0% in the 1st quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company's stock worth $26,000 after buying an additional 46 shares in the last quarter. Costello Asset Management INC purchased a new stake in Heico in the 1st quarter worth $27,000. NBC Securities Inc. purchased a new stake in Heico in the 1st quarter worth $27,000. Caitong International Asset Management Co. Ltd increased its stake in Heico by 17,800.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company's stock worth $48,000 after buying an additional 178 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new position in shares of Heico during the fourth quarter valued at about $44,000. Hedge funds and other institutional investors 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.