Heico Corporation (NYSE:HEI) Stock Has Consensus Target Price of $387.33 According to Analysts

Shares of Heico Corporation (NYSE:HEI) have been assigned an average rating of “Moderate Buy” from the eighteen brokerages that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $387.33.

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Heico in a research report on Wednesday, October 14th. UBS Group reaffirmed a “neutral” rating and set a $396.00 target price (up from $382.00) on shares of Heico in a research note on Thursday, August 27th. Jefferies Financial Group set a $430.00 target price on shares of Heico and gave the stock a “buy” rating in a report on Wednesday, August 26th. TD Cowen decreased their price target on shares of Heico from $350.00 to $330.00 and set a “hold” rating for the company in a research report on Friday, October 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Heico from $421.00 to $425.00 and gave the stock a “buy” rating in a research note on Friday, August 28th.

Insider Buying and Selling

In other news, Director Julie Neitzel purchased 592 shares of the stock in a transaction on Thursday, October 8th. The stock was bought at an average price of $294.93 per share, for a total transaction of $174,598.56. Following the acquisition, the director directly owned 1,010 shares of the company’s stock, valued at approximately $297,879.30. The trade was a 141.63% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Adolfo Henriques purchased 795 shares of the stock in a transaction on Thursday, October 8th. The shares were purchased at an average price of $220.30 per share, with a total value of $175,138.50. Following the acquisition, the director directly owned 24,864 shares in the company, valued at $5,477,539.20. This represents a 3.30% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 5,362 shares of company stock worth $1,225,430 over the last ninety days. Company insiders own 4.86% of the company’s stock.

Hedge Funds Weigh In On Heico

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HEI. Maridea Wealth Management LLC purchased a new stake in Heico in the second quarter valued at approximately $1,128,000. Silvant Capital Management LLC purchased a new position in shares of Heico during the second quarter worth approximately $9,385,000. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Heico during the second quarter worth approximately $1,262,000. Cypress Capital Management LLC WY acquired a new position in shares of Heico in the 2nd quarter valued at $1,315,000. Finally, WINTON GROUP Ltd increased its holdings in shares of Heico by 124.4% in the 2nd quarter. WINTON GROUP Ltd now owns 4,758 shares of the aerospace company’s stock valued at $1,695,000 after acquiring an additional 2,638 shares during the period. 27.12% of the stock is owned by institutional investors and hedge funds.

Heico Stock Performance

NYSE HEI opened at $320.14 on Friday. The stock has a fifty day simple moving average of $312.22 and a 200-day simple moving average of $319.98. The company has a current ratio of 2.72, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. The stock has a market cap of $44.74 billion, a PE ratio of 53.27, a P/E/G ratio of 2.73 and a beta of 1.09. Heico has a twelve month low of $256.11 and a twelve month high of $376.86.

Heico (NYSE:HEI) last released its quarterly earnings results on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.16. Heico had a net margin of 16.38% and a return on equity of 18.00%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm earned $1.26 EPS. The business’s revenue was up 23.1% on a year-over-year basis. Equities analysts anticipate that Heico will post 6.29 earnings per share for the current year.

About Heico

HEICO Corporation (NYSE: HEI) is an aerospace, defense, electronics and specialty industrial company headquartered in Hollywood, Florida. Founded in 1957, the company serves commercial aviation, defense, space, medical, telecommunications and other specialized markets.

HEICO operates through two primary business groups. Its Flight Support Group produces and distributes FAA-approved aircraft replacement parts, jet-engine components, specialized aircraft equipment and other products used by commercial and military aircraft operators.