Benchmark Raises HEICO (NYSE:HEI) Price Target to $245.00

HEICO (NYSE:HEIFree Report) had its price target raised by Benchmark from $185.00 to $245.00 in a research note released on Friday, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

A number of other equities analysts also recently weighed in on the stock. Robert W. Baird boosted their price target on shares of HEICO from $223.00 to $243.00 and gave the stock an outperform rating in a report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of HEICO from $209.00 to $235.00 and gave the company a buy rating in a report on Tuesday, May 21st. Morgan Stanley upgraded HEICO from an underweight rating to an equal weight rating and upped their price target for the company from $178.00 to $225.00 in a research report on Tuesday, June 4th. Royal Bank of Canada upped their price target on HEICO from $235.00 to $250.00 and gave the company an outperform rating in a research report on Thursday, May 30th. Finally, Stifel Nicolaus upped their price objective on shares of HEICO from $215.00 to $230.00 and gave the stock a buy rating in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $232.67.

Read Our Latest Stock Report on HEI

HEICO Price Performance

Shares of NYSE:HEI opened at $227.96 on Friday. The company’s 50-day moving average is $210.69 and its 200 day moving average is $193.53. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.57 and a current ratio of 3.52. The company has a market capitalization of $31.57 billion, a P/E ratio of 71.69, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21. HEICO has a fifty-two week low of $155.42 and a fifty-two week high of $229.30.

HEICO (NYSE:HEIGet Free Report) last issued its quarterly earnings results on Tuesday, May 28th. The aerospace company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The company had revenue of $955.40 million for the quarter, compared to the consensus estimate of $951.24 million. HEICO had a net margin of 12.62% and a return on equity of 14.26%. The firm’s quarterly revenue was up 38.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. On average, equities research analysts forecast that HEICO will post 3.53 earnings per share for the current year.

Insider Activity

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

Institutional Trading of HEICO

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zeno Equity Partners LLP bought a new position in HEICO in the fourth quarter worth $25,000. Psagot Value Holdings Ltd. Israel bought a new position in HEICO in the fourth quarter worth $70,000. Beaumont Financial Advisors LLC bought a new position in HEICO in the fourth quarter worth $200,000. Sequoia Financial Advisors LLC bought a new position in HEICO in the fourth quarter worth $202,000. Finally, Anchor Investment Management LLC bought a new position in HEICO in the fourth quarter worth $203,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Company Profile

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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.

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Analyst Recommendations for HEICO (NYSE:HEI)

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