Heico Corporation (NYSE:HEI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Heico Corporation (NYSE:HEI) have earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $371.6250.

HEI has been the topic of a number of analyst reports. Rothschild & Co Redburn set a $360.00 target price on shares of Heico and gave the company a “buy” rating in a research note on Wednesday, May 13th. Weiss Ratings cut shares of Heico from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. Wall Street Zen raised shares of Heico from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. UBS Group reissued a “neutral” rating and issued a $390.00 target price (up from $371.00) on shares of Heico in a research note on Monday, June 1st. Finally, Citigroup reissued a “buy” rating and issued a $403.00 target price (up from $323.00) on shares of Heico in a research note on Monday, June 1st.

Heico Price Performance

Shares of NYSE:HEI opened at $344.84 on Friday. Heico has a 1-year low of $256.11 and a 1-year high of $361.69. The firm has a market capitalization of $48.16 billion, a PE ratio of 61.58, a PEG ratio of 3.68 and a beta of 1.03. The business’s 50 day moving average is $307.94 and its 200-day moving average is $314.38. The company has a current ratio of 2.92, a quick ratio of 1.36 and a debt-to-equity ratio of 0.53.

Heico (NYSE:HEI) last announced its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.33. Heico had a return on equity of 17.52% and a net margin of 16.08%.The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the firm earned $1.12 EPS. Heico’s revenue for the quarter was up 25.3% compared to the same quarter last year. Sell-side analysts predict that Heico will post 5.78 earnings per share for the current year.

Heico Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.13 per share. This represents a yield of 8.0%. The ex-dividend date is Wednesday, July 1st. Heico’s dividend payout ratio is currently 4.29%.

Insider Buying and Selling at Heico

In other news, CAO Bradley K. Rowen sold 1,326 shares of Heico stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total value of $320,401.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julie Neitzel sold 676 shares of Heico stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total transaction of $150,748.00. The SEC filing for this sale provides additional information. Corporate insiders own 4.86% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of HEI. Acadian Asset Management LLC raised its stake in shares of Heico by 216.7% in the first quarter. Acadian Asset Management LLC now owns 1,381 shares of the aerospace company’s stock valued at $368,000 after acquiring an additional 945 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new position in shares of Heico in the second quarter valued at approximately $2,338,000. PDT Partners LLC lifted its position in Heico by 52.6% during the 2nd quarter. PDT Partners LLC now owns 39,019 shares of the aerospace company’s stock worth $12,798,000 after buying an additional 13,443 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in Heico by 10.8% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,794 shares of the aerospace company’s stock worth $1,572,000 after buying an additional 468 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its position in Heico by 2.1% during the 2nd quarter. IHT Wealth Management LLC now owns 5,717 shares of the aerospace company’s stock worth $1,875,000 after buying an additional 117 shares in the last quarter. Institutional investors own 27.12% of the company’s stock.

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.