HEICO (NYSE:HEI) Earns “Outperform” Rating from William Blair

William Blair reiterated their outperform rating on shares of HEICO (NYSE:HEI) in a research report report published on Tuesday morning,RTT News reports.

HEI has been the topic of a number of other reports. Truist Financial boosted their price objective on HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. KeyCorp started coverage on shares of HEICO in a research note on Thursday, January 16th. They set a “sector weight” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.40.

HEICO Trading Up 1.3 %

Shares of HEI stock opened at $271.24 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. The firm has a market cap of $37.69 billion, a P/E ratio of 74.11, a PEG ratio of 3.10 and a beta of 1.26. The company has a 50 day moving average of $243.16 and a 200-day moving average of $251.58. HEICO has a 12-month low of $185.03 and a 12-month high of $283.60.

HEICO (NYSE:HEI) last released its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $983.10 million. Sell-side analysts anticipate that HEICO will post 4.2 earnings per share for the current year.

Institutional Trading of HEICO

Institutional investors and hedge funds have recently bought and sold shares of the company. Compass Financial Services Inc bought a new position in shares of HEICO in the fourth quarter worth $26,000. Banque Transatlantique SA purchased a new position in HEICO during the fourth quarter worth about $44,000. Berbice Capital Management LLC bought a new position in HEICO in the 4th quarter worth about $95,000. Brooklyn Investment Group purchased a new stake in shares of HEICO in the 3rd quarter valued at about $128,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of HEICO during the 4th quarter valued at about $135,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

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.