HEICO (NYSE:HEI) Now Covered by Analysts at KeyCorp

KeyCorp assumed coverage on shares of HEICO (NYSE:HEI) in a report released on Thursday morning, MarketBeat Ratings reports. The firm issued a sector weight rating on the aerospace company’s stock.

Other research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reduced their target price on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Bank of America raised their price objective on HEICO from $250.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Morgan Stanley raised their price objective on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. UBS Group began coverage on HEICO in a report on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price objective on the stock. Finally, Truist Financial raised their price objective on HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a report on Friday, October 18th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.20.

HEICO Trading Up 2.9 %

HEICO stock opened at $235.16 on Thursday. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. HEICO has a 12 month low of $170.66 and a 12 month high of $283.60. The stock’s 50 day simple moving average is $253.46 and its two-hundred day simple moving average is $248.87. The firm has a market cap of $32.65 billion, a PE ratio of 64.25, a P/E/G ratio of 3.08 and a beta of 1.28.

HEICO (NYSE:HEI) last announced its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 EPS. Analysts anticipate that HEICO will post 4.21 earnings per share for the current year.

HEICO Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a dividend of $0.11 per share. This represents a dividend yield of 0.1%. The ex-dividend date is Friday, January 3rd. HEICO’s payout ratio is 6.01%.

Institutional Trading of HEICO

A number of hedge funds and other institutional investors have recently modified their holdings of the business. EULAV Asset Management increased its position in shares of HEICO by 5.0% during the 3rd quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock worth $105,165,000 after purchasing an additional 19,200 shares during the last quarter. Two Sigma Advisers LP grew its position in HEICO by 3.7% in the 3rd quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock valued at $94,885,000 after acquiring an additional 13,100 shares in the last quarter. Driehaus Capital Management LLC grew its position in HEICO by 66.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after acquiring an additional 77,067 shares in the last quarter. Vantage Investment Partners LLC grew its position in HEICO by 1.4% in the 3rd quarter. Vantage Investment Partners LLC now owns 122,430 shares of the aerospace company’s stock valued at $32,013,000 after acquiring an additional 1,717 shares in the last quarter. Finally, AXA S.A. grew its position in HEICO by 11.0% in the 2nd quarter. AXA S.A. now owns 101,980 shares of the aerospace company’s stock valued at $22,804,000 after acquiring an additional 10,143 shares in the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

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.