Analysts Set Heico Corporation (NYSE:HEI) Target Price at $364.43

Shares of Heico Corporation (NYSE:HEI) have earned a consensus rating of “Moderate Buy” from the eighteen research firms that are covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $364.4286.

A number of research firms recently issued reports on HEI. Stifel Nicolaus set a $370.00 price objective on shares of Heico and gave the stock a “buy” rating in a report on Monday, December 22nd. Citigroup reaffirmed a “buy” rating and set a $415.00 target price (up from $367.00) on shares of Heico in a report on Tuesday, January 13th. Susquehanna initiated coverage on shares of Heico in a research report on Friday, January 23rd. They issued a “neutral” rating and a $385.00 price target on the stock. UBS Group reiterated a “neutral” rating and set a $371.00 price target (up from $359.00) on shares of Heico in a research note on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $375.00 price objective (up from $355.00) on shares of Heico in a research report on Monday, December 22nd.

Heico Stock Down 0.7%

Heico stock opened at $288.06 on Friday. Heico has a one year low of $229.07 and a one year high of $361.69. The stock has a fifty day moving average of $332.83 and a 200 day moving average of $322.73. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.41 and a current ratio of 3.06. The stock has a market cap of $40.14 billion, a PE ratio of 56.93, a price-to-earnings-growth ratio of 3.53 and a beta of 1.01.

Heico (NYSE:HEI) last announced its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.09. Heico had a return on equity of 16.57% and a net margin of 15.38%.The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the firm posted $1.20 earnings per share. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, sell-side analysts predict that Heico will post 4.2 EPS for the current year.

Heico Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 20th. Shareholders of record on Monday, January 5th were issued a dividend of $0.12 per share. This represents a yield of 7.0%. The ex-dividend date of this dividend was Monday, January 5th. Heico’s payout ratio is currently 4.74%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. CPC Advisors LLC purchased a new stake in Heico in the 3rd quarter worth approximately $2,318,000. Vinva Investment Management Ltd lifted its holdings in Heico by 849.8% during the second quarter. Vinva Investment Management Ltd now owns 14,323 shares of the aerospace company’s stock valued at $4,698,000 after purchasing an additional 12,815 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Heico in the second quarter worth approximately $1,086,000. Lombard Odier Asset Management USA Corp boosted its position in shares of Heico by 54.8% in the second quarter. Lombard Odier Asset Management USA Corp now owns 9,181 shares of the aerospace company’s stock worth $3,011,000 after purchasing an additional 3,249 shares during the period. Finally, Sumitomo Life Insurance Co. increased its stake in shares of Heico by 97.3% in the third quarter. Sumitomo Life Insurance Co. now owns 9,920 shares of the aerospace company’s stock worth $3,202,000 after purchasing an additional 4,892 shares in the last quarter. Institutional investors own 27.12% of the company’s stock.

About Heico

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.