HEICO (NYSE:HEI) Sets New 12-Month High at $203.68

HEICO Co. (NYSE:HEI - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $203.68 and last traded at $203.68, with a volume of 53936 shares. The stock had previously closed at $199.41.

Analyst Ratings Changes

A number of research analysts have commented on the company. Royal Bank of Canada upped their price objective on HEICO from $210.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, February 26th. Bank of America upgraded shares of HEICO from a "neutral" rating to a "buy" rating and set a $220.00 price objective for the company in a research note on Thursday, January 25th. Finally, Stifel Nicolaus increased their target price on shares of HEICO from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $204.50.

HEICO Price Performance

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.40 and a current ratio of 3.17. The company has a market cap of $28.34 billion, a price-to-earnings ratio of 67.09, a PEG ratio of 3.22 and a beta of 1.16. The business has a fifty day moving average price of $191.70 and a 200 day moving average price of $179.68.

HEICO (NYSE:HEI - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The aerospace company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.08. The company had revenue of $896.36 million for the quarter, compared to the consensus estimate of $891.32 million. HEICO had a net margin of 13.11% and a return on equity of 14.35%. The firm's quarterly revenue was up 44.4% compared to the same quarter last year. During the same period last year, the company posted $0.67 EPS. As a group, research analysts anticipate that HEICO Co. will post 3.47 earnings per share for the current year.

Insider Transactions at HEICO

In other news, Director Alan Schriesheim sold 26,000 shares of HEICO stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the sale, the director now directly owns 155,862 shares of the company's stock, valued at $29,953,559.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Alan Schriesheim sold 26,000 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the completion of the sale, the director now directly owns 155,862 shares in the company, valued at $29,953,559.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank J. Schwitter sold 400 shares of HEICO stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the completion of the transaction, the director now directly owns 1,255 shares in the company, valued at $243,093.50. The disclosure for this sale can be found here. Company insiders own 8.10% of the company's stock.

Hedge Funds Weigh In On HEICO

A number of hedge funds have recently bought and sold shares of the company. Capital World Investors boosted its stake in HEICO by 10.5% during the fourth quarter. Capital World Investors now owns 3,276,326 shares of the aerospace company's stock worth $586,036,000 after acquiring an additional 311,304 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of HEICO by 8.3% in the 4th quarter. Federated Hermes Inc. now owns 567,103 shares of the aerospace company's stock valued at $101,438,000 after buying an additional 43,509 shares during the period. Mar Vista Investment Partners LLC increased its position in HEICO by 22.8% in the 3rd quarter. Mar Vista Investment Partners LLC now owns 261,257 shares of the aerospace company's stock valued at $42,305,000 after buying an additional 48,447 shares in the last quarter. EULAV Asset Management raised its stake in HEICO by 50.9% during the 3rd quarter. EULAV Asset Management now owns 233,593 shares of the aerospace company's stock worth $37,826,000 after buying an additional 78,779 shares during the period. Finally, TCW Group Inc. boosted its holdings in HEICO by 10.6% in the fourth quarter. TCW Group Inc. now owns 176,102 shares of the aerospace company's stock worth $31,499,000 after acquiring an additional 16,878 shares in the last quarter. Institutional investors own 27.12% of the company's stock.

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.