Zacks Research Issues Positive Outlook for Heico Earnings

Heico Corporation (NYSE:HEI - Free Report) - Equities research analysts at Zacks Research boosted their Q2 2027 earnings per share (EPS) estimates for Heico in a research report issued to clients and investors on Thursday, June 26th. Zacks Research analyst R. Department now forecasts that the aerospace company will post earnings per share of $1.68 for the quarter, up from their previous forecast of $1.67. The consensus estimate for Heico's current full-year earnings is $4.20 per share.

A number of other research analysts also recently commented on HEI. Stifel Nicolaus set a $352.00 price objective on shares of Heico and gave the company a "buy" rating in a research note on Tuesday, June 24th. UBS Group boosted their price objective on Heico from $264.00 to $306.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. William Blair reaffirmed an "outperform" rating on shares of Heico in a research report on Tuesday, March 25th. Barclays set a $280.00 price target on Heico and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Finally, Morgan Stanley boosted their price target on shares of Heico from $270.00 to $305.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Heico presently has an average rating of "Moderate Buy" and an average price target of $292.36.

Heico Stock Up 1.8%

Shares of Heico stock traded up $5.83 on Monday, hitting $324.67. 220,511 shares of the company's stock traded hands, compared to its average volume of 480,412. The company has a quick ratio of 1.56, a current ratio of 3.43 and a debt-to-equity ratio of 0.56. The firm's 50-day moving average is $287.77 and its 200 day moving average is $259.00. The stock has a market cap of $45.16 billion, a P/E ratio of 75.86, a PEG ratio of 4.07 and a beta of 1.08. Heico has a 52-week low of $216.68 and a 52-week high of $328.64.

Heico (NYSE:HEI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 27th. The aerospace company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.09. Heico had a return on equity of 15.88% and a net margin of 14.54%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business posted $0.88 earnings per share. Heico's revenue for the quarter was up 14.9% on a year-over-year basis.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HEI. Fisher Asset Management LLC increased its holdings in Heico by 19.1% during the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock valued at $98,791,000 after purchasing an additional 66,583 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Heico in the fourth quarter valued at $135,000. Snider Financial Group increased its stake in shares of Heico by 0.6% in the fourth quarter. Snider Financial Group now owns 11,438 shares of the aerospace company's stock valued at $2,719,000 after buying an additional 71 shares in the last quarter. Cookson Peirce & Co. Inc. grew its holdings in Heico by 59.8% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 3,056 shares of the aerospace company's stock worth $727,000 after acquiring an additional 1,144 shares during the last quarter. Finally, E Fund Management Co. Ltd. bought a new stake in Heico during the 4th quarter worth about $428,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Frank J. Schwitter sold 356 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total transaction of $106,479.60. Following the completion of the sale, the director directly owned 1,500 shares in the company, valued at approximately $448,650. This trade represents a 19.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julie Neitzel sold 700 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $246.23, for a total value of $172,361.00. Following the sale, the director directly owned 418 shares of the company's stock, valued at $102,924.14. This trade represents a 62.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,056 shares of company stock worth $22,699,941 in the last ninety days. Corporate insiders own 9.55% of the company's stock.

Heico Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a dividend yield of 0.1%. This is a positive change from Heico's previous semi-annual dividend of $0.11. Heico's dividend payout ratio (DPR) is 5.61%.

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.