HEICO (NYSE:HEI) Reaches New 1-Year High at $140.84


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HEICO Co. (NYSE:HEI)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $140.84 and last traded at $140.09, with a volume of 2274 shares trading hands. The stock had previously closed at $138.02.

HEI has been the topic of several research reports. The Goldman Sachs Group initiated coverage on HEICO in a research report on Wednesday, October 7th. They issued a “buy” rating and a $129.00 target price on the stock. Cowen reissued a “hold” rating on shares of HEICO in a research report on Friday, January 8th. Credit Suisse Group raised their price objective on HEICO from $124.00 to $142.00 and gave the company an “outperform” rating in a research report on Wednesday, December 23rd. Finally, Canaccord Genuity raised their price objective on HEICO from $100.00 to $125.00 and gave the company a “hold” rating in a research report on Wednesday, December 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $107.00.

The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.91 and a current ratio of 4.97. The firm has a market cap of $19.04 billion, a P/E ratio of 56.11, a price-to-earnings-growth ratio of 7.55 and a beta of 1.18. The stock’s 50 day simple moving average is $132.07 and its 200 day simple moving average is $113.95.

HEICO (NYSE:HEI) last announced its quarterly earnings results on Sunday, December 20th. The aerospace company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.04. The company had revenue of $426.20 million during the quarter, compared to the consensus estimate of $415.00 million. HEICO had a net margin of 17.73% and a return on equity of 18.37%. The company’s revenue for the quarter was down 21.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. As a group, analysts forecast that HEICO Co. will post 2.27 EPS for the current fiscal year.

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, January 21st. Investors of record on Thursday, January 7th will be issued a $0.08 dividend. This represents a yield of 0.1%. The ex-dividend date is Wednesday, January 6th. HEICO’s dividend payout ratio is currently 6.96%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC raised its position in shares of HEICO by 3,912.5% in the third quarter. FNY Investment Advisers LLC now owns 321 shares of the aerospace company’s stock valued at $33,000 after buying an additional 313 shares during the last quarter. NuWave Investment Management LLC purchased a new stake in shares of HEICO during the 3rd quarter worth about $40,000. Bell Bank boosted its holdings in HEICO by 3.8% in the 3rd quarter. Bell Bank now owns 10,791 shares of the aerospace company’s stock worth $1,129,000 after acquiring an additional 392 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in HEICO by 1.5% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 38,675 shares of the aerospace company’s stock worth $4,048,000 after acquiring an additional 587 shares during the period. Finally, Canton Hathaway LLC purchased a new position in HEICO in the 3rd quarter worth approximately $104,000. Institutional investors own 25.60% of the company’s stock.

About HEICO (NYSE:HEI)

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's 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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