HEICO (NYSE:HEI) Given New $282.00 Price Target at Truist Financial

HEICO (NYSE:HEI) had its price objective upped by Truist Financial from $264.00 to $282.00 in a research report sent to investors on Friday morning, MarketBeat.com reports. Truist Financial currently has a buy rating on the aerospace company’s stock.

Other research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft increased their price objective on HEICO from $235.00 to $271.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Royal Bank of Canada increased their price target on HEICO from $250.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Robert W. Baird lifted their price objective on HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Benchmark reiterated a “buy” rating and set a $245.00 target price on shares of HEICO in a report on Tuesday, August 27th. Finally, Stifel Nicolaus raised their target price on shares of HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $270.70.

HEICO Stock Down 1.6 %

Shares of HEI opened at $260.76 on Friday. The firm has a market capitalization of $36.11 billion, a P/E ratio of 82.00, a P/E/G ratio of 3.69 and a beta of 1.22. HEICO has a 12-month low of $155.42 and a 12-month high of $269.38. The firm has a fifty day moving average price of $255.17 and a 200-day moving average price of $230.53. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63.

HEICO (NYSE:HEI) last released its quarterly earnings data on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. The company had revenue of $992.20 million during the quarter, compared to analysts’ expectations of $995.34 million. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The firm’s quarterly revenue was up 37.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 EPS. Equities research analysts expect that HEICO will post 3.66 earnings per share for the current year.

Insider Transactions at HEICO

In other HEICO news, Director Frank J. Schwitter purchased 475 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average price of $252.26 per share, for a total transaction of $119,823.50. Following the acquisition, the director now owns 1,730 shares in the company, valued at $436,409.80. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Alan Schriesheim sold 332 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $201.63, for a total transaction of $66,941.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank J. Schwitter purchased 475 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were bought at an average cost of $252.26 per share, for a total transaction of $119,823.50. Following the completion of the transaction, the director now directly owns 1,730 shares in the company, valued at $436,409.80. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On HEICO

Several institutional investors and hedge funds have recently modified their holdings of the stock. Clear Harbor Asset Management LLC grew its holdings in HEICO by 0.4% during the second quarter. Clear Harbor Asset Management LLC now owns 22,845 shares of the aerospace company’s stock worth $5,109,000 after acquiring an additional 80 shares during the period. Avalon Capital Management increased its holdings in shares of HEICO by 3.5% during the 2nd quarter. Avalon Capital Management now owns 3,613 shares of the aerospace company’s stock valued at $808,000 after purchasing an additional 123 shares in the last quarter. Verity Asset Management Inc. lifted its stake in shares of HEICO by 2.2% in the 1st quarter. Verity Asset Management Inc. now owns 6,400 shares of the aerospace company’s stock valued at $1,222,000 after purchasing an additional 139 shares during the period. Avantax Advisory Services Inc. lifted its stake in shares of HEICO by 12.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 1,437 shares of the aerospace company’s stock valued at $275,000 after purchasing an additional 164 shares during the period. Finally, Calamos Wealth Management LLC boosted its holdings in HEICO by 14.7% during the second quarter. Calamos Wealth Management LLC now owns 1,560 shares of the aerospace company’s stock worth $349,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

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.