Stifel Nicolaus Increases HEICO (NYSE:HEI) Price Target to $230.00

HEICO (NYSE:HEI) had its price objective raised by Stifel Nicolaus from $215.00 to $230.00 in a research note published on Monday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the aerospace company’s stock.

Several other equities analysts also recently commented on HEI. Bank of America upgraded HEICO from a neutral rating to a buy rating and set a $220.00 target price for the company in a research report on Thursday, January 25th. Royal Bank of Canada lifted their price objective on HEICO from $210.00 to $225.00 and gave the company an outperform rating in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $206.00.

HEICO Stock Down 0.5 %

Shares of HEI traded down $1.14 during midday trading on Monday, reaching $211.52. 19,544 shares of the stock were exchanged, compared to its average volume of 366,417. The company has a market cap of $29.27 billion, a price-to-earnings ratio of 69.50, a P/E/G ratio of 3.46 and a beta of 1.11. The firm has a 50 day simple moving average of $194.33 and a 200-day simple moving average of $182.71. HEICO has a 12-month low of $153.63 and a 12-month high of $213.63. The company has a quick ratio of 1.40, a current ratio of 3.17 and a debt-to-equity ratio of 0.75.

HEICO (NYSE:HEI) last released its earnings results on Monday, February 26th. The aerospace company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. The firm had revenue of $896.36 million during the quarter, compared to analysts’ expectations of $891.32 million. HEICO had a net margin of 13.11% and a return on equity of 14.35%. The business’s quarterly revenue was up 44.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. Research analysts forecast that HEICO will post 3.47 EPS for the current year.

Insider Activity at HEICO

In related news, Director Alan Schriesheim sold 26,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the completion of the transaction, the director now directly owns 155,862 shares of the company’s stock, valued at $29,953,559.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other HEICO news, Director Frank J. Schwitter sold 400 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $193.70, for a total value of $77,480.00. Following the completion of the sale, the director now owns 1,255 shares of the company’s stock, valued at approximately $243,093.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan Schriesheim sold 26,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $192.18, for a total value of $4,996,680.00. Following the completion of the sale, the director now owns 155,862 shares of the company’s stock, valued at $29,953,559.16. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HEICO

Several hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. raised its holdings in shares of HEICO by 8.3% during the 4th quarter. Federated Hermes Inc. now owns 567,103 shares of the aerospace company’s stock worth $101,438,000 after buying an additional 43,509 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in shares of HEICO by 114.3% in the 3rd quarter. Wolverine Asset Management LLC now owns 15,000 shares of the aerospace company’s stock valued at $2,429,000 after purchasing an additional 8,000 shares in the last quarter. Azimuth Capital Investment Management LLC acquired a new position in HEICO during the 3rd quarter worth approximately $6,908,000. Dynamo Internacional Gestao DE Recursos LTDA. lifted its stake in HEICO by 27.3% in the 3rd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 80,726 shares of the aerospace company’s stock valued at $13,072,000 after purchasing an additional 17,323 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in HEICO in the third quarter valued at approximately $705,000. 27.12% of the stock is owned by institutional investors.

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.