HEICO (NYSE:HEI) Hits New 52-Week High - Should You Buy?

HEICO Co. (NYSE:HEI - Get Free Report) reached 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.

Analyst Upgrades and Downgrades

Several analysts have commented on HEI shares. William Blair reaffirmed an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Morgan Stanley lifted their price target on shares of HEICO from $270.00 to $305.00 and gave the stock an "equal weight" rating in a report on Wednesday. Truist Financial dropped their price objective on HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company boosted their target price on HEICO from $244.00 to $278.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. Finally, UBS Group increased their price target on HEICO from $264.00 to $306.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $279.45.

HEICO Price Performance

The business's 50-day moving average price is $263.38 and its 200 day moving average price is $253.18. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $42.10 billion, a P/E ratio of 82.80, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07.

HEICO (NYSE:HEI - Get Free Report) last released 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 analyst estimates of $1.06 billion. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The business's revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 EPS. Analysts anticipate that HEICO Co. will post 4.2 EPS for the current fiscal year.

Insider Activity at HEICO

In other HEICO news, Director Frank J. Schwitter sold 356 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $299.10, for a total transaction of $106,479.60. Following the transaction, the director now directly owns 1,500 shares in the company, valued at $448,650. This trade represents a 19.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan Schriesheim sold 35,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were 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. The trade was a 22.27% 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 valued at $22,699,941 over the last 90 days. 9.55% of the stock is owned by insiders.

Institutional Investors Weigh In On HEICO

A number of large investors have recently added to or reduced their stakes in HEI. Fortress Financial Solutions LLC purchased a new stake in shares of HEICO in the 4th quarter worth about $263,000. EntryPoint Capital LLC purchased a new position in HEICO in the 4th quarter worth approximately $220,000. Fisher Asset Management LLC increased its holdings in HEICO by 19.1% in the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock worth $98,791,000 after buying an additional 66,583 shares in the last quarter. E Fund Management Co. Ltd. bought a new position in HEICO during the fourth quarter valued at approximately $428,000. Finally, EULAV Asset Management boosted its stake in shares of HEICO by 12.8% in the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company's stock worth $107,861,000 after buying an additional 51,500 shares during the last quarter. 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.

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