Analysts Set HEICO Co. (NYSE:HEI) Target Price at $270.20

Shares of HEICO Co. (NYSE:HEI) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $271.40.

HEI has been the topic of a number of recent analyst reports. Truist Financial raised their price target on shares of HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, KeyCorp initiated coverage on shares of HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating on the stock.

HEICO Stock Down 0.0 %

HEI opened at $263.17 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. The company’s 50-day moving average is $235.97 and its 200 day moving average is $250.50. HEICO has a fifty-two week low of $182.47 and a fifty-two week high of $283.60. The firm has a market capitalization of $36.54 billion, a P/E ratio of 71.90, a PEG ratio of 3.10 and a beta of 1.26.

HEICO (NYSE:HEI) last released its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates 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. Research analysts expect that HEICO will post 4.2 earnings per share for the current fiscal year.

HEICO Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a $0.11 dividend. The ex-dividend date was Friday, January 3rd. This represents a dividend yield of 0.1%. HEICO’s payout ratio is 5.45%.

Hedge Funds Weigh In On HEICO

Several large investors have recently modified their holdings of HEI. Compass Financial Services Inc purchased a new position in shares of HEICO in the fourth quarter worth about $26,000. Banque Transatlantique SA purchased a new position in shares of HEICO in the fourth quarter worth about $44,000. Rakuten Securities Inc. purchased a new position in shares of HEICO in the third quarter worth about $81,000. Berbice Capital Management LLC purchased a new position in shares of HEICO in the fourth quarter worth about $95,000. Finally, Brooklyn Investment Group purchased a new position in shares of HEICO in the third quarter worth about $128,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

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.