Brokerages Set HEICO Co. (NYSE:HEI) PT at $270.70

HEICO Co. (NYSE:HEI) has earned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $270.20.

HEI has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Morgan Stanley lifted their target price on shares of HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Robert W. Baird upped their price target on shares of HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Benchmark reaffirmed a “buy” rating and issued a $245.00 price objective on shares of HEICO in a research note on Tuesday, August 27th. Finally, UBS Group initiated coverage on shares of HEICO in a research note on Tuesday, October 15th. They set a “neutral” rating and a $277.00 target price on the stock.

HEICO Stock Performance

HEI opened at $240.05 on Wednesday. HEICO has a 1-year low of $169.70 and a 1-year high of $283.60. The company has a market capitalization of $33.27 billion, a price-to-earnings ratio of 70.40, a price-to-earnings-growth ratio of 3.14 and a beta of 1.24. The business has a 50 day moving average price of $260.23 and a two-hundred day moving average price of $248.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47.

HEICO (NYSE:HEI) last issued its quarterly earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. HEICO had a net margin of 12.64% and a return on equity of 14.51%. HEICO’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.74 EPS. Research analysts predict that HEICO will post 3.64 EPS for the current fiscal year.

HEICO Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a $0.11 dividend. This represents a dividend yield of 0.1%. The ex-dividend date is Friday, January 3rd. HEICO’s dividend payout ratio (DPR) is presently 6.01%.

Insider Activity at HEICO

In other HEICO news, insider Victor H. Mendelson acquired 726 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were purchased at an average price of $262.94 per share, with a total value of $190,894.44. Following the completion of the transaction, the insider now owns 1,234,950 shares in the company, valued at $324,717,753. The trade was a 0.06 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Alan Schriesheim bought 724 shares of HEICO stock in a transaction on Friday, October 18th. The stock was acquired at an average price of $262.94 per share, with a total value of $190,368.56. Following the completion of the purchase, the director now directly owns 174,878 shares of the company’s stock, valued at approximately $45,982,421.32. The trade was a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 2,175 shares of company stock valued at $571,895. Insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On HEICO

Several institutional investors have recently bought and sold shares of the stock. Andra AP fonden bought a new position in shares of HEICO in the 2nd quarter valued at approximately $45,000. American National Bank acquired a new stake in shares of HEICO in the second quarter worth $66,000. Strategic Financial Concepts LLC bought a new stake in shares of HEICO during the 2nd quarter worth $67,000. Rakuten Securities Inc. acquired a new position in HEICO in the 3rd quarter valued at $81,000. Finally, Hantz Financial Services Inc. bought a new position in HEICO in the 2nd quarter worth $100,000. 27.12% of the stock is currently 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.