HEICO (NYSE:HEI) Reaches New 1-Year High at $210.03

HEICO Co. (NYSE:HEI - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $210.03 and last traded at $208.48, with a volume of 8088 shares. The stock had previously closed at $208.07.

Analyst Upgrades and Downgrades

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

HEICO Stock Up 1.0 %

The company has a quick ratio of 1.40, a current ratio of 3.17 and a debt-to-equity ratio of 0.75. The stock has a 50 day simple moving average of $193.60 and a 200 day simple moving average of $181.59. The stock has a market cap of $29.07 billion, a price-to-earnings ratio of 68.20, a PEG ratio of 3.39 and a beta of 1.11.

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

Insider Activity at HEICO

In related news, Director Alan Schriesheim sold 26,000 shares of HEICO stock in a transaction that occurred on 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 transaction, the director now 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 SEC, which can be accessed through this link. In other HEICO news, Director Frank J. Schwitter sold 400 shares of the business's stock in a transaction 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 transaction, the director now owns 1,255 shares of the company's stock, valued at $243,093.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alan Schriesheim sold 26,000 shares of the business's 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 transaction, the director now directly owns 155,862 shares in the company, valued at approximately $29,953,559.16. The disclosure for this sale can be found here. 8.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HEI. Cutter & CO Brokerage Inc. raised its stake in shares of HEICO by 28.0% in the first quarter. Cutter & CO Brokerage Inc. now owns 61,520 shares of the aerospace company's stock valued at $11,750,000 after buying an additional 13,470 shares during the period. SpiderRock Advisors LLC bought a new stake in shares of HEICO in the first quarter valued at $988,000. K.J. Harrison & Partners Inc raised its stake in shares of HEICO by 11.7% in the first quarter. K.J. Harrison & Partners Inc now owns 18,540 shares of the aerospace company's stock valued at $3,541,000 after buying an additional 1,940 shares during the period. Carderock Capital Management Inc. raised its stake in shares of HEICO by 16.1% in the first quarter. Carderock Capital Management Inc. now owns 32,926 shares of the aerospace company's stock valued at $6,289,000 after buying an additional 4,564 shares during the period. Finally, Moody Lynn & Lieberson LLC raised its stake in shares of HEICO by 5.3% in the first quarter. Moody Lynn & Lieberson LLC now owns 2,522 shares of the aerospace company's stock valued at $482,000 after buying an additional 127 shares during the period. Hedge funds and other 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.