Zacks Research Weighs in on Heico's Q2 Earnings (NYSE:HEI)

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

Heico (NYSE:HEI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share (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 business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. The firm's quarterly revenue was up 14.9% compared to the same quarter last year.

A number of other analysts have also weighed in on HEI. Truist Financial reduced their price objective on shares of Heico from $294.00 to $277.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Stifel Nicolaus set a $352.00 price target on shares of Heico and gave the company a "buy" rating in a research report on Tuesday, June 24th. William Blair restated an "outperform" rating on shares of Heico in a report on Tuesday, March 25th. Wall Street Zen raised Heico from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, Wells Fargo & Company lifted their target price on Heico from $244.00 to $278.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $286.00.

Heico Stock Performance

Shares of Heico stock opened at $326.30 on Monday. Heico has a 1 year low of $216.68 and a 1 year high of $326.80. The firm's 50-day moving average is $282.82 and its 200 day moving average is $257.64. The stock has a market cap of $45.39 billion, a price-to-earnings ratio of 76.24, a PEG ratio of 4.13 and a beta of 1.07. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.43 and a quick ratio of 1.56.

Hedge Funds Weigh In On Heico

A number of institutional investors and hedge funds have recently made changes to their positions in HEI. Wealthfront Advisers LLC lifted its holdings in shares of Heico by 219,129.4% in the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock valued at $5,285,970,000 after acquiring an additional 22,224,106 shares during the last quarter. Bain Capital Public Equity Management II LLC purchased a new stake in Heico during the fourth quarter valued at approximately $110,503,000. EULAV Asset Management lifted its stake in shares of Heico by 1.8% in the 1st quarter. EULAV Asset Management now owns 461,693 shares of the aerospace company's stock valued at $123,360,000 after purchasing an additional 8,000 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Heico by 19.1% in the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock worth $98,791,000 after purchasing an additional 66,583 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in shares of Heico by 2.3% in the 4th quarter. Two Sigma Advisers LP now owns 371,178 shares of the aerospace company's stock worth $88,244,000 after purchasing an additional 8,300 shares during the period. 27.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Alan Schriesheim sold 50,000 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the completion of the transaction, the director now directly owns 157,197 shares of the company's stock, valued at approximately $37,659,685.29. This represents a 24.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julie Neitzel sold 700 shares of Heico stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total value of $172,361.00. Following the completion of the sale, the director now directly owns 418 shares in the company, valued at approximately $102,924.14. The trade was a 62.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,056 shares of company stock worth $22,699,941. 9.55% of the stock is owned by insiders.

Heico Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given 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 boost from Heico's previous semi-annual dividend of $0.11. Heico's dividend payout ratio (DPR) is presently 5.14%.

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.

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