Brokerages Set HEICO Co. (NYSE:HEI) Price Target at $204.50

Shares of HEICO Co. (NYSE:HEI - Get Free Report) have received an average rating of "Moderate Buy" from the ten ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $204.50.

Several equities analysts have issued reports on HEI shares. 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. Morgan Stanley downgraded shares of HEICO from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $184.00 to $174.00 in a research note on Wednesday, December 20th. Royal Bank of Canada lifted their price objective on shares of HEICO from $210.00 to $225.00 and gave the company an "outperform" rating in a research note on Monday, February 26th. 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 note on Tuesday. Finally, Truist Financial boosted their price target on HEICO from $190.00 to $229.00 and gave the company a "buy" rating in a research report on Wednesday, December 20th.

Insiders Place Their Bets

In other HEICO news, Director Alan Schriesheim sold 26,000 shares of the company's stock in a transaction dated 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 sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Alan Schriesheim sold 26,000 shares of the company'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 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Frank J. Schwitter sold 400 shares of the company'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 transaction, the director now directly owns 1,255 shares in the company, valued at approximately $243,093.50. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HEICO

A number of large investors have recently bought and sold shares of the stock. Gateway Investment Advisers LLC increased its position in shares of HEICO by 3.3% in the first quarter. Gateway Investment Advisers LLC now owns 53,781 shares of the aerospace company's stock worth $10,272,000 after acquiring an additional 1,713 shares in the last quarter. Meyer Handelman Co. acquired a new stake in shares of HEICO in the first quarter worth $1,072,000. Nomura Holdings Inc. acquired a new stake in shares of HEICO in the fourth quarter worth $897,000. Zeno Equity Partners LLP acquired a new stake in shares of HEICO in the fourth quarter worth $25,000. Finally, Virtu Financial LLC acquired a new stake in shares of HEICO in the fourth quarter worth $392,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

HEICO Stock Down 1.0 %

Shares of HEICO stock traded down $2.02 during trading hours on Friday, reaching $191.77. 461,918 shares of the company were exchanged, compared to its average volume of 372,247. HEICO has a 1 year low of $153.63 and a 1 year high of $200.64. The stock's fifty day moving average is $190.53 and its 200 day moving average is $177.86. 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 firm has a market cap of $26.53 billion, a PE ratio of 62.67, a PEG ratio of 3.12 and a beta of 1.16.

HEICO (NYSE:HEI - Get Free Report) last issued its earnings results on Monday, February 26th. The aerospace company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. The firm had revenue of $896.36 million during 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 company's revenue was up 44.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 earnings per share. As a group, equities research analysts forecast that HEICO will post 3.47 earnings per share for the current year.

About HEICO

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.