UBS Group Forecasts Strong Price Appreciation for HEICO (NYSE:HEI) Stock

HEICO (NYSE:HEI - Free Report) had its price target hoisted by UBS Group from $264.00 to $306.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a neutral rating on the aerospace company's stock.

Other equities research analysts have also issued research reports about the stock. William Blair restated an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th. Truist Financial decreased their price target on shares of HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Wells Fargo & Company initiated coverage on shares of HEICO in a research note on Tuesday, April 15th. They set an "equal weight" rating and a $244.00 price target for the company. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $273.09.

HEICO Stock Down 0.2%

HEI stock traded down $0.72 during trading on Thursday, reaching $299.45. The stock had a trading volume of 849,998 shares, compared to its average volume of 479,453. HEICO has a one year low of $215.28 and a one year high of $303.32. 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's 50 day moving average is $260.79 and its two-hundred day moving average is $252.43. The company has a market capitalization of $41.61 billion, a price-to-earnings ratio of 81.82, a P/E/G ratio of 3.10 and a beta of 1.05.

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HEI. Wealthfront Advisers LLC boosted its holdings in HEICO by 219,129.4% in 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 during the period. Bain Capital Public Equity Management II LLC bought a new position in HEICO in the 4th quarter valued at $110,503,000. Freestone Grove Partners LP bought a new position in HEICO in the 4th quarter valued at $71,030,000. Mackenzie Financial Corp bought a new position in HEICO in the 1st quarter valued at $40,949,000. Finally, Squarepoint Ops LLC boosted its holdings in HEICO by 2,203.0% in the 4th quarter. Squarepoint Ops LLC now owns 87,030 shares of the aerospace company's stock valued at $20,691,000 after purchasing an additional 83,251 shares during the period. 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.