Analysts Set HEICO Co. (NYSE:HEI) PT at $271.40

HEICO Co. (NYSE:HEI) has been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $271.40.

Several equities research analysts recently weighed in on HEI shares. KeyCorp assumed coverage on HEICO in a report on Thursday, January 16th. They set a “sector weight” rating for the company. Truist Financial lifted their target price on shares of HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, William Blair reaffirmed an “outperform” rating on shares of HEICO in a research note on Tuesday, March 25th.

HEICO Stock Down 1.0 %

Shares of HEI opened at $266.03 on Friday. The firm has a market cap of $36.96 billion, a P/E ratio of 72.68, a P/E/G ratio of 3.10 and a beta of 1.26. HEICO has a 1 year low of $185.03 and a 1 year high of $283.60. The stock has a 50 day simple moving average of $245.22 and a two-hundred day simple moving average of $251.85. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34.

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

Hedge Funds Weigh In On HEICO

A number of institutional investors have recently bought and sold shares of HEI. Chancellor Financial Group WB LP purchased a new position in shares of HEICO during the 4th quarter worth approximately $778,000. Siemens Fonds Invest GmbH bought a new stake in shares of HEICO during the fourth quarter valued at approximately $309,000. Total Wealth Planning & Management Inc. bought a new stake in shares of HEICO during the fourth quarter valued at approximately $637,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in HEICO in the fourth quarter worth $16,578,000. Finally, HWG Holdings LP raised its holdings in HEICO by 2.7% in the fourth quarter. HWG Holdings LP now owns 15,864 shares of the aerospace company’s stock worth $3,772,000 after purchasing an additional 420 shares in the last quarter. 27.12% of the stock is 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.