HEICO (NYSE:HEI) PT Raised to $215.00

HEICO (NYSE:HEI - Free Report) had its price objective upped by Stifel Nicolaus from $210.00 to $215.00 in a research note published on Tuesday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the aerospace company's stock.

A number of other equities research analysts have also recently commented on HEI. William Blair started coverage on HEICO in a research note on Tuesday, December 12th. They set an outperform rating for the company. Truist Financial raised their target price on shares of HEICO from $190.00 to $229.00 and gave the stock a buy rating in a research note on Wednesday, December 20th. Bank of America upgraded shares of HEICO from a neutral rating to a buy rating and set a $220.00 target price on the stock in a research report on Thursday, January 25th. Royal Bank of Canada boosted their price objective on shares of HEICO from $210.00 to $225.00 and gave the company an outperform rating in a research report on Monday, February 26th. Finally, Morgan Stanley cut shares of HEICO from an equal weight rating to an underweight rating and lowered their price objective for the stock from $184.00 to $174.00 in a research report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $204.50.

HEICO Stock Down 0.2 %

Shares of HEI stock traded down $0.36 on Tuesday, reaching $187.82. 326,048 shares of the company's stock traded hands, compared to its average volume of 370,147. The company has a market capitalization of $25.99 billion, a P/E ratio of 61.38, a price-to-earnings-growth ratio of 3.09 and a beta of 1.16. HEICO has a 12-month low of $153.63 and a 12-month high of $200.64. 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 business's 50 day moving average price is $189.94 and its two-hundred day moving average price is $177.43.

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

Insider Transactions at HEICO

In other news, Director Frank J. Schwitter sold 400 shares of HEICO stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total transaction of $77,480.00. Following the transaction, the director now owns 1,255 shares in the company, valued at approximately $243,093.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Frank J. Schwitter sold 400 shares of the business's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total value of $77,480.00. Following the sale, the director now owns 1,255 shares in the company, valued at $243,093.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan Schriesheim sold 26,000 shares of the firm's stock in a transaction that occurred on Friday, March 22nd. The shares were 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 of the company's stock, valued at $29,953,559.16. 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 large investors have recently bought and sold shares of HEI. Zeno Equity Partners LLP acquired a new stake in HEICO during the 4th quarter valued at approximately $25,000. NBC Securities Inc. purchased a new position in HEICO in the 3rd quarter valued at about $42,000. Harbour Investments Inc. boosted its stake in shares of HEICO by 41.5% in the second quarter. Harbour Investments Inc. now owns 341 shares of the aerospace company's stock worth $60,000 after acquiring an additional 100 shares during the last quarter. Psagot Value Holdings Ltd. Israel acquired a new stake in HEICO during the 4th quarter worth $70,000. Finally, Janiczek Wealth Management LLC grew its stake in HEICO by 18.3% during the 3rd quarter. Janiczek Wealth Management LLC now owns 447 shares of the aerospace company's stock valued at $72,000 after acquiring an additional 69 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.