HEICO (NYSE:HEI) PT Set at $280.00 by Barclays

HEICO (NYSE:HEI - Get Free Report) has been assigned a $280.00 price target by equities research analysts at Barclays in a research note issued on Monday, Marketbeat Ratings reports. The firm presently has an "equal weight" rating on the aerospace company's stock. Barclays's price objective would indicate a potential downside of 7.43% from the stock's previous close.

A number of other brokerages have also recently weighed in on HEI. UBS Group increased their target price on shares of HEICO from $264.00 to $306.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Wells Fargo & Company increased their price objective on shares of HEICO from $244.00 to $278.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. Truist Financial lowered their target price on HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, William Blair restated an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, HEICO has an average rating of "Moderate Buy" and an average target price of $279.45.

HEICO Stock Up 0.4%

NYSE HEI traded up $1.33 on Monday, hitting $302.47. 114,692 shares of the stock traded hands, compared to its average volume of 554,592. The company has a market capitalization of $42.03 billion, a P/E ratio of 82.64, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07. The stock has a 50-day moving average of $263.38 and a 200 day moving average of $253.18. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. HEICO has a twelve month low of $216.68 and a twelve month high of $304.80.

HEICO (NYSE:HEI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.09. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the company posted $0.88 EPS. The business's revenue was up 14.9% compared to the same quarter last year. As a group, analysts expect that HEICO will post 4.2 earnings per share for the current fiscal year.

Insider Transactions at HEICO

In other news, Director Frank J. Schwitter sold 356 shares of HEICO stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total transaction of $106,479.60. Following the transaction, the director now owns 1,500 shares in the company, valued at approximately $448,650. The trade was a 19.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Julie Neitzel sold 700 shares of the company's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total value of $172,361.00. Following the transaction, the director now directly owns 418 shares in the company, valued at $102,924.14. The trade was a 62.61% 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 ninety days. Corporate insiders own 9.55% of the company's stock.

Institutional Trading of HEICO

A number of hedge funds have recently made changes to their positions in HEI. Wealthfront Advisers LLC boosted its position in HEICO by 219,129.4% during the fourth 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 during the last quarter. Bain Capital Public Equity Management II LLC acquired a new position in HEICO during the fourth quarter valued at approximately $110,503,000. EULAV Asset Management grew its stake in HEICO by 1.8% in the 1st quarter. EULAV Asset Management now owns 461,693 shares of the aerospace company's stock valued at $123,360,000 after buying an additional 8,000 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of HEICO by 19.1% in the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock worth $98,791,000 after purchasing an additional 66,583 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in shares of HEICO by 2.3% during the fourth quarter. Two Sigma Advisers LP now owns 371,178 shares of the aerospace company's stock worth $88,244,000 after buying an additional 8,300 shares during the last quarter. 27.12% of the stock is 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.