HEICO Co. (NYSE:HEI) Given Average Recommendation of “Moderate Buy” by Analysts

HEICO Co. (NYSE:HEI) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $270.70.

A number of brokerages have recently weighed in on HEI. Bank of America boosted their price target on HEICO from $250.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, September 19th. UBS Group started coverage on shares of HEICO in a research report on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price target on the stock. Barclays assumed coverage on shares of HEICO in a research report on Monday, August 19th. They set an “equal weight” rating and a $250.00 price objective for the company. Robert W. Baird raised their target price on shares of HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Finally, 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.

Insiders Place Their Bets

In other news, Director Alan Schriesheim bought 724 shares of the business’s stock in a transaction on Friday, October 18th. The stock was purchased at an average cost of $262.94 per share, for a total transaction of $190,368.56. Following the completion of the transaction, the director now directly owns 174,878 shares of the company’s stock, valued at approximately $45,982,421.32. This trade represents a 0.42 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank J. Schwitter purchased 475 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average price of $252.26 per share, for a total transaction of $119,823.50. Following the completion of the transaction, the director now owns 1,730 shares in the company, valued at $436,409.80. This trade represents a 37.85 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 2,650 shares of company stock worth $691,718. 8.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. AGF Management Ltd. boosted its holdings in HEICO by 61.7% during the second quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company’s stock worth $212,417,000 after buying an additional 362,625 shares in the last quarter. EULAV Asset Management boosted its stake in shares of HEICO by 5.0% during the 3rd quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock worth $105,165,000 after acquiring an additional 19,200 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of HEICO by 3.7% in the 3rd quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock worth $94,885,000 after acquiring an additional 13,100 shares during the last quarter. TCW Group Inc. raised its position in shares of HEICO by 3.0% during the second quarter. TCW Group Inc. now owns 200,008 shares of the aerospace company’s stock worth $44,724,000 after purchasing an additional 5,779 shares during the period. Finally, Driehaus Capital Management LLC lifted its holdings 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 during the last quarter. Institutional investors own 27.12% of the company’s stock.

HEICO Trading Up 0.7 %

NYSE HEI opened at $273.33 on Friday. The company has a market capitalization of $37.88 billion, a price-to-earnings ratio of 80.16, a price-to-earnings-growth ratio of 3.29 and a beta of 1.23. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47. HEICO has a 12 month low of $169.08 and a 12 month high of $283.60. The company’s fifty day moving average price is $262.53 and its two-hundred day moving average price is $243.01.

HEICO (NYSE:HEI) last posted its quarterly earnings results on Monday, August 26th. The aerospace company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The business had revenue of $992.20 million during the quarter, compared to the consensus estimate of $995.34 million. During the same period last year, the firm earned $0.77 earnings per share. The company’s revenue for the quarter was up 37.3% compared to the same quarter last year. As a group, research analysts predict that HEICO will post 3.65 earnings per share for the current fiscal year.

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.