HEICO (NYSE:HEI) Reaches New 1-Year High - Time to Buy?

HEICO Co. (NYSE:HEI - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $304.80 and last traded at $304.16, with a volume of 46799 shares traded. The stock had previously closed at $301.14.

Analysts Set New Price Targets

HEI has been the topic of a number of recent analyst reports. William Blair reissued an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Morgan Stanley raised their target price on shares of HEICO from $270.00 to $305.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. UBS Group raised their target price on shares of HEICO from $264.00 to $306.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Wells Fargo & Company raised their target price on shares of HEICO from $244.00 to $278.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. Finally, Wall Street Zen raised shares of HEICO from a "hold" rating to a "buy" rating in a research note on Friday. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $279.45.

HEICO Stock Up 0.2%

The stock's 50-day moving average price is $264.73 and its two-hundred day moving average price is $253.23. The stock has a market capitalization of $42.27 billion, a PE ratio of 83.02, a P/E/G ratio of 3.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11.

HEICO (NYSE:HEI - Get Free Report) last released its earnings results 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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.06 billion. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The company's revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 EPS. As a group, analysts expect that HEICO Co. will post 4.2 EPS for the current fiscal year.

Insider Activity

In other news, Director Alan Schriesheim sold 50,000 shares of the stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the transaction, the director now directly owns 157,197 shares of the company's stock, valued at $37,659,685.29. This represents a 24.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Julie Neitzel sold 700 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 418 shares in the company, valued at approximately $102,924.14. The trade was a 62.61% 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 valued at $22,699,941 in the last 90 days. 9.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HEICO

Institutional investors and hedge funds have recently made changes to their positions in the business. Ridgewood Investments LLC boosted its holdings in shares of HEICO by 92.0% in the first quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company's stock worth $26,000 after buying an additional 46 shares during the last quarter. Costello Asset Management INC purchased a new position in shares of HEICO in the first quarter worth approximately $27,000. NBC Securities Inc. purchased a new position in shares of HEICO in the first quarter worth approximately $27,000. Compass Financial Services Inc purchased a new position in shares of HEICO in the fourth quarter worth approximately $26,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of HEICO by 17,800.0% in the first 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 during the last quarter. Hedge funds and other institutional investors own 27.12% of the company's stock.

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.