Heico Corporation (NYSE:HEI) Receives $362.85 Consensus Target Price from Analysts

Shares of Heico Corporation (NYSE:HEI) have earned an average rating of “Moderate Buy” from the eighteen research firms that are currently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $364.4286.

A number of brokerages recently issued reports on HEI. Susquehanna began coverage on Heico in a research report on Friday, January 23rd. They issued a “neutral” rating and a $385.00 price target for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $375.00 price objective (up previously from $355.00) on shares of Heico in a research note on Monday, December 22nd. BNP Paribas Exane set a $330.00 target price on shares of Heico in a research report on Tuesday, November 18th. Citigroup reissued a “buy” rating and issued a $415.00 price target (up from $367.00) on shares of Heico in a research report on Tuesday, January 13th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $375.00 target price (up previously from $350.00) on shares of Heico in a research report on Monday, December 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Avalon Capital Management lifted its stake in shares of Heico by 0.9% during the second quarter. Avalon Capital Management now owns 3,895 shares of the aerospace company’s stock worth $1,278,000 after buying an additional 33 shares during the period. Simon Quick Advisors LLC lifted its position in Heico by 5.8% during the 3rd quarter. Simon Quick Advisors LLC now owns 652 shares of the aerospace company’s stock worth $211,000 after acquiring an additional 36 shares during the period. Pekin Hardy Strauss Inc. grew its stake in Heico by 4.4% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 887 shares of the aerospace company’s stock valued at $286,000 after purchasing an additional 37 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. increased its holdings in shares of Heico by 4.0% in the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,047 shares of the aerospace company’s stock valued at $339,000 after purchasing an additional 40 shares during the period. Finally, Westside Investment Management Inc. raised its stake in shares of Heico by 100.0% in the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 43 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

Heico Stock Down 2.2%

NYSE HEI opened at $331.15 on Thursday. Heico has a one year low of $216.68 and a one year high of $361.69. The company has a market capitalization of $46.15 billion, a P/E ratio of 67.44, a P/E/G ratio of 3.74 and a beta of 1.03. The stock has a 50 day moving average price of $328.15 and a 200-day moving average price of $321.01. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 2.83.

Heico (NYSE:HEI) last posted its earnings results on Thursday, December 18th. The aerospace company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.11. Heico had a net margin of 15.39% and a return on equity of 16.80%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm posted $0.99 EPS. The business’s quarterly revenue was up 19.3% on a year-over-year basis. As a group, equities analysts predict that Heico will post 4.2 EPS for the current fiscal year.

Heico Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, January 20th. Investors of record on Monday, January 5th were given a $0.12 dividend. This represents a dividend yield of 7.0%. The ex-dividend date of this dividend was Monday, January 5th. Heico’s dividend payout ratio (DPR) is presently 4.89%.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.