Stifel Nicolaus Boosts HEICO (NYSE:HEI) Price Target to $230.00

HEICO (NYSE:HEI) had its target price upped by Stifel Nicolaus from $215.00 to $230.00 in a research report sent to investors on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the aerospace company’s stock.

Several other research firms also recently weighed in on HEI. Royal Bank of Canada lifted their price target on shares of HEICO from $210.00 to $225.00 and gave the company an outperform rating in a research note on Monday, February 26th. Bank of America raised HEICO from a neutral rating to a buy rating and set a $220.00 price target on the stock in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $206.00.

HEICO Price Performance

HEI opened at $209.48 on Monday. The business has a fifty day moving average of $195.02 and a 200 day moving average of $183.25. The stock has a market cap of $28.98 billion, a P/E ratio of 68.46, a PEG ratio of 3.46 and a beta of 1.11. The company has a quick ratio of 1.40, a current ratio of 3.17 and a debt-to-equity ratio of 0.75. HEICO has a 52-week low of $153.63 and a 52-week high of $213.63.

HEICO (NYSE:HEI) last issued its earnings results on Monday, February 26th. The aerospace company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HEICO had a net margin of 13.11% and a return on equity of 14.35%. The firm had revenue of $896.36 million during the quarter, compared to analyst estimates of $891.32 million. During the same period in the previous year, the firm earned $0.67 earnings per share. The business’s revenue was up 44.4% on a year-over-year basis. As a group, sell-side analysts anticipate that HEICO will post 3.47 EPS for the current year.

Insider Buying and Selling

In other HEICO news, Director Frank J. Schwitter sold 400 shares of HEICO stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the transaction, the director now owns 1,255 shares in the company, valued at $243,093.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other HEICO news, Director Frank J. Schwitter sold 400 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the completion of the sale, the director now owns 1,255 shares of the company’s stock, valued at $243,093.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Alan Schriesheim sold 26,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the sale, the director now directly owns 155,862 shares in the company, valued at approximately $29,953,559.16. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HEICO

Institutional investors and hedge funds have recently modified their holdings of the company. Zeno Equity Partners LLP acquired a new stake in HEICO during the 4th quarter valued at approximately $25,000. NBC Securities Inc. acquired a new position in HEICO during the third quarter valued at $42,000. Psagot Value Holdings Ltd. Israel acquired a new position in HEICO during the fourth quarter valued at $70,000. Beaumont Financial Advisors LLC acquired a new stake in HEICO during the 4th quarter worth about $200,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in HEICO during the 4th quarter worth about $202,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

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.