HEICO (NYSE:HEI) Price Target Cut to $266.00 by Analysts at Deutsche Bank Aktiengesellschaft

HEICO (NYSE:HEI) had its target price dropped by investment analysts at Deutsche Bank Aktiengesellschaft from $271.00 to $266.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 11.86% from the company’s current price.

A number of other brokerages have also issued reports on HEI. Truist Financial increased their target price on HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Morgan Stanley increased their price objective on shares of HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Stifel Nicolaus raised their price target on shares of HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Royal Bank of Canada increased their target price on HEICO from $250.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Finally, UBS Group began coverage on HEICO in a research note on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price target on the stock. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $270.20.

HEICO Stock Performance

Shares of NYSE HEI opened at $237.80 on Thursday. HEICO has a 1 year low of $169.70 and a 1 year high of $283.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. The company’s fifty day moving average price is $262.18 and its 200 day moving average price is $247.74. The company has a market capitalization of $32.96 billion, a PE ratio of 69.74, a price-to-earnings-growth ratio of 3.14 and a beta of 1.24.

HEICO (NYSE:HEI) last posted its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $0.74 EPS. On average, research analysts predict that HEICO will post 3.64 earnings per share for the current year.

Insider Activity at HEICO

In related news, Director Alan Schriesheim acquired 724 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was bought at an average price of $262.94 per share, for a total transaction of $190,368.56. Following the acquisition, the director now directly owns 174,878 shares of the company’s stock, valued at approximately $45,982,421.32. The trade was a 0.42 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Laurans A. Mendelson bought 725 shares of HEICO stock in a transaction dated Friday, October 18th. The shares were acquired at an average price of $262.94 per share, with a total value of $190,631.50. Following the completion of the purchase, the chief executive officer now directly owns 929,984 shares in the company, valued at $244,529,992.96. This trade represents a 0.08 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 2,175 shares of company stock worth $571,895 over the last 90 days. Insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of HEI. AGF Management Ltd. raised its position in HEICO by 61.7% in the 2nd quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company’s stock valued at $212,417,000 after buying an additional 362,625 shares during the last quarter. Vantage Investment Partners LLC purchased a new stake in shares of HEICO in the second quarter valued at about $26,993,000. Driehaus Capital Management LLC lifted its position in shares of HEICO by 66.0% during the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after purchasing an additional 77,067 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in HEICO during the second quarter worth about $67,000. Finally, EULAV Asset Management grew its position in HEICO by 5.0% in the 3rd quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock worth $105,165,000 after purchasing an additional 19,200 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

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.