Brokerages Set Heico Corporation (NYSE:HEI) Price Target at $292.36

Shares of Heico Corporation (NYSE:HEI - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $292.36.

A number of research analysts recently commented on HEI shares. Bank of America increased their price target on Heico from $320.00 to $355.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Wall Street Zen upgraded Heico from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Barclays set a $280.00 price objective on Heico and gave the company an "equal weight" rating in a research note on Monday, June 2nd. William Blair restated an "outperform" rating on shares of Heico in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company upped their price objective on Heico from $244.00 to $278.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th.

Heico Trading Down 2.0%

NYSE:HEI traded down $6.57 on Friday, hitting $318.95. 168,179 shares of the stock were exchanged, compared to its average volume of 480,279. The stock has a market cap of $44.37 billion, a PE ratio of 74.52, a PEG ratio of 4.11 and a beta of 1.08. The company has a current ratio of 3.43, a quick ratio of 1.56 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average of $292.43 and a 200-day moving average of $260.79. Heico has a fifty-two week low of $216.68 and a fifty-two week high of $329.15.

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

Heico Increases Dividend

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

Insider Activity at Heico

In other Heico news, 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 transaction of $10,442,600.00. Following the completion of the transaction, the director directly owned 122,197 shares of the company's stock, valued at approximately $36,458,696.92. This trade represents a 22.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frank J. Schwitter sold 356 shares of the stock in a transaction on Tuesday, June 3rd. The shares were 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 of the company's stock, valued at approximately $448,650. The trade was a 19.18% decrease in their ownership of the stock. 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. 9.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On Heico

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC boosted its stake 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 valued at $5,285,970,000 after purchasing an additional 22,224,106 shares in the last quarter. Bain Capital Public Equity Management II LLC bought a new position in Heico during the 4th quarter valued at $110,503,000. EULAV Asset Management boosted its stake in Heico by 1.8% during the 1st quarter. EULAV Asset Management now owns 461,693 shares of the aerospace company's stock valued at $123,360,000 after purchasing an additional 8,000 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Heico by 2.3% during the 4th quarter. Two Sigma Advisers LP now owns 371,178 shares of the aerospace company's stock valued at $88,244,000 after purchasing an additional 8,300 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of 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 acquiring an additional 31,834 shares in the last quarter. 27.12% of the stock is owned by institutional investors.

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.