HEICO (NYSE:HEI) Given New $280.00 Price Target at Robert W. Baird

HEICO (NYSE:HEI) had its price objective increased by analysts at Robert W. Baird from $243.00 to $280.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the aerospace company’s stock. Robert W. Baird’s target price suggests a potential upside of 9.77% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. Truist Financial lifted their price target on HEICO from $240.00 to $248.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Morgan Stanley raised shares of HEICO from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $178.00 to $225.00 in a research report on Tuesday, June 4th. Barclays initiated coverage on HEICO in a research report on Monday, August 19th. They set an “equal weight” rating and a $250.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their price target on HEICO from $209.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Finally, Royal Bank of Canada boosted their price target on HEICO from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.67.

HEICO Price Performance

HEICO stock opened at $255.09 on Wednesday. HEICO has a 1 year low of $155.42 and a 1 year high of $258.84. The stock has a market cap of $35.33 billion, a price-to-earnings ratio of 80.22, a price-to-earnings-growth ratio of 3.53 and a beta of 1.20. The firm has a 50-day moving average of $232.78 and a two-hundred day moving average of $213.36. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.52 and a quick ratio of 1.57.

HEICO (NYSE:HEI) last issued its earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. HEICO had a return on equity of 14.26% and a net margin of 12.62%. The business had revenue of $992.20 million during the quarter, compared to analysts’ expectations of $995.34 million. During the same period in the prior year, the business earned $0.77 EPS. The business’s revenue for the quarter was up 37.3% compared to the same quarter last year. On average, research analysts forecast that HEICO will post 3.57 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Eric A. Mendelson sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $186.09, for a total value of $3,721,800.00. Following the completion of the sale, the insider now directly owns 148,891 shares in the company, valued at $27,707,126.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Eric A. Mendelson sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $186.09, for a total value of $3,721,800.00. Following the transaction, the insider now directly owns 148,891 shares of the company’s stock, valued at approximately $27,707,126.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Eric A. Mendelson sold 8,864 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $180.54, for a total value of $1,600,306.56. Following the sale, the insider now owns 222,401 shares of the company’s stock, valued at $40,152,276.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,206 shares of company stock valued at $15,571,927. 8.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On HEICO

Hedge funds have recently modified their holdings of the business. Clear Harbor Asset Management LLC grew its stake in HEICO by 0.4% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 22,845 shares of the aerospace company’s stock valued at $5,109,000 after acquiring an additional 80 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of HEICO by 0.7% in the fourth quarter. Private Advisor Group LLC now owns 12,456 shares of the aerospace company’s stock valued at $2,228,000 after purchasing an additional 81 shares during the last quarter. Avalon Capital Management lifted its position in HEICO by 3.5% during the second quarter. Avalon Capital Management now owns 3,613 shares of the aerospace company’s stock worth $808,000 after buying an additional 123 shares in the last quarter. KPP Advisory Services LLC boosted its stake in HEICO by 7.0% during the fourth quarter. KPP Advisory Services LLC now owns 1,900 shares of the aerospace company’s stock worth $340,000 after buying an additional 124 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC grew its holdings in HEICO by 5.3% in the 1st quarter. Moody Lynn & Lieberson LLC now owns 2,522 shares of the aerospace company’s stock valued at $482,000 after buying an additional 127 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

HEICO Company Profile

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.