HEICO (NYSE:HEI) Price Target Raised to $230.00

HEICO (NYSE:HEI - Free Report) had its price target raised by Stifel Nicolaus from $215.00 to $230.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a buy rating on the aerospace company's stock.

Other research analysts also recently issued research reports about the stock. Bank of America raised shares of HEICO from a neutral rating to a buy rating and set a $220.00 price target for the company in a report on Thursday, January 25th. Royal Bank of Canada increased their price objective on shares of HEICO from $210.00 to $225.00 and gave the stock an outperform rating in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $206.00.

HEICO Price Performance

Shares of HEI traded up $1.31 during midday trading on Monday, hitting $212.67. 590,282 shares of the company traded hands, compared to its average volume of 370,400. The firm has a 50 day moving average of $194.06 and a 200-day moving average of $182.35. HEICO has a 52 week low of $153.63 and a 52 week high of $213.63. The stock has a market cap of $29.43 billion, a price-to-earnings ratio of 69.29, a PEG ratio of 3.46 and a beta of 1.11. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.40 and a current ratio of 3.17.

HEICO (NYSE:HEI - Get Free Report) last released its quarterly earnings data 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 net margin of 13.11% and a return on equity of 14.35%. The business had revenue of $896.36 million during the quarter, compared to the consensus estimate of $891.32 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The business's revenue was up 44.4% on a year-over-year basis. On average, analysts forecast that HEICO will post 3.47 EPS for the current fiscal year.

Insider Transactions at HEICO

In other news, Director Alan Schriesheim sold 26,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the transaction, the director now directly owns 155,862 shares in the company, valued at $29,953,559.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other HEICO news, 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 in the company, valued at $29,953,559.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Frank J. Schwitter sold 400 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 1,255 shares of the company's stock, valued at $243,093.50. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company's stock.

Institutional Investors Weigh In On HEICO

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. raised its holdings in shares of HEICO by 8.3% during the fourth quarter. Federated Hermes Inc. now owns 567,103 shares of the aerospace company's stock worth $101,438,000 after purchasing an additional 43,509 shares during the last quarter. Wolverine Asset Management LLC raised its holdings in shares of HEICO by 114.3% during the third quarter. Wolverine Asset Management LLC now owns 15,000 shares of the aerospace company's stock worth $2,429,000 after purchasing an additional 8,000 shares during the last quarter. Azimuth Capital Investment Management LLC purchased a new position in shares of HEICO during the third quarter worth $6,908,000. Dynamo Internacional Gestao DE Recursos LTDA. raised its holdings in shares of HEICO by 27.3% during the third quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 80,726 shares of the aerospace company's stock worth $13,072,000 after purchasing an additional 17,323 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of HEICO during the third quarter worth $705,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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.