Heico (NYSE:HEI) Given a $352.00 Price Target by Stifel Nicolaus Analysts

Heico (NYSE:HEI - Get Free Report) has been assigned a $352.00 price objective by stock analysts at Stifel Nicolaus in a research note issued on Tuesday, Marketbeat.com reports. The brokerage presently has a "buy" rating on the aerospace company's stock. Stifel Nicolaus' target price suggests a potential upside of 8.79% from the company's previous close.

A number of other analysts have also recently commented on HEI. Morgan Stanley lifted their target price on Heico from $270.00 to $305.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. Barclays set a $280.00 price objective on Heico and gave the company an "equal weight" rating in a report on Monday, June 2nd. Wells Fargo & Company lifted their target price on shares of Heico from $244.00 to $278.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. UBS Group raised their price objective on shares of Heico from $264.00 to $306.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Finally, William Blair reaffirmed an "outperform" rating on shares of Heico in a report on Tuesday, March 25th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Heico presently has a consensus rating of "Moderate Buy" and a consensus target price of $286.00.

Heico Stock Up 0.7%

Shares of HEI traded up $2.27 during mid-day trading on Tuesday, reaching $323.55. The company's stock had a trading volume of 270,889 shares, compared to its average volume of 479,664. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.43 and a quick ratio of 1.56. Heico has a 12-month low of $216.68 and a 12-month high of $326.69. The stock has a market cap of $45.01 billion, a PE ratio of 75.59, a price-to-earnings-growth ratio of 4.02 and a beta of 1.07. The company's 50 day moving average is $281.18 and its 200 day moving average is $257.15.

Heico (NYSE:HEI - Get Free Report) last released 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. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.06 billion. Heico had a net margin of 14.54% and a return on equity of 15.88%. The firm's revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the company earned $0.88 earnings per share. Equities analysts anticipate that Heico will post 4.2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Frank J. Schwitter sold 356 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $299.10, for a total value of $106,479.60. Following the completion of the transaction, the director now owns 1,500 shares of the company's stock, valued at approximately $448,650. The trade was a 19.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alan Schriesheim sold 35,000 shares of Heico 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 sale, the director now owns 122,197 shares of the company's stock, valued at approximately $36,458,696.92. This trade represents a 22.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,056 shares of company stock worth $22,699,941. 9.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Heico

Several large investors have recently added to or reduced their stakes in HEI. Acadian Asset Management LLC grew its holdings in Heico by 216.7% in the 1st quarter. Acadian Asset Management LLC now owns 1,381 shares of the aerospace company's stock valued at $368,000 after buying an additional 945 shares during the period. Interval Partners LP purchased a new stake in Heico in the first quarter valued at approximately $3,127,000. Banque Transatlantique SA increased its position in Heico by 36.8% during the first quarter. Banque Transatlantique SA now owns 253 shares of the aerospace company's stock worth $62,000 after purchasing an additional 68 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Heico by 1.3% during the first quarter. Advisors Asset Management Inc. now owns 20,517 shares of the aerospace company's stock worth $5,482,000 after purchasing an additional 259 shares during the period. Finally, PDT Partners LLC increased its holdings in shares of Heico by 781.9% during the 1st quarter. PDT Partners LLC now owns 25,576 shares of the aerospace company's stock worth $6,834,000 after buying an additional 22,676 shares during the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

About Heico

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.