HEICO (NYSE:HEI) Given New $280.00 Price Target at Stifel Nicolaus

HEICO (NYSE:HEI) had its price objective boosted by investment analysts at Stifel Nicolaus from $250.00 to $280.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 13.18% from the stock’s current price.

HEI has been the topic of several other reports. Truist Financial raised their price objective on HEICO from $240.00 to $248.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Royal Bank of Canada raised their price objective on HEICO from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft raised their price objective on HEICO from $209.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Robert W. Baird raised their price objective on HEICO from $223.00 to $243.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Finally, Barclays assumed coverage on HEICO in a research report on Monday, August 19th. They set an “equal weight” rating and a $250.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $247.33.

HEICO Trading Up 0.6 %

Shares of HEI opened at $247.39 on Tuesday. The company has a current ratio of 3.52, a quick ratio of 1.57 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $34.26 billion, a P/E ratio of 77.80, a price-to-earnings-growth ratio of 3.53 and a beta of 1.20. The stock’s fifty day simple moving average is $231.78 and its 200 day simple moving average is $212.80. HEICO has a twelve month low of $155.42 and a twelve month high of $258.84.

HEICO (NYSE:HEI) last issued its earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. HEICO had a return on equity of 14.26% and a net margin of 12.62%. The business had revenue of $992.20 million for the quarter, compared to analyst estimates of $995.34 million. During the same period last year, the company posted $0.77 EPS. The business’s quarterly revenue was up 37.3% on a year-over-year basis. On average, equities research analysts forecast that HEICO will post 3.57 earnings per share for the current year.

Insider Transactions at HEICO

In other news, insider Eric A. Mendelson sold 8,864 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $180.54, for a total transaction of $1,600,306.56. Following the completion of the transaction, the insider now directly owns 222,401 shares in the company, valued at $40,152,276.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Eric A. Mendelson sold 8,864 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $180.54, for a total transaction of $1,600,306.56. Following the completion of the transaction, the insider now directly owns 222,401 shares in the company, valued at $40,152,276.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eric A. Mendelson sold 53,510 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $182.02, for a total value of $9,739,890.20. Following the transaction, the insider now owns 168,891 shares of the company’s stock, valued at $30,741,539.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,206 shares of company stock worth $15,571,927. Company insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On HEICO

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Andra AP fonden bought a new stake in HEICO during the second quarter worth approximately $45,000. Center for Financial Planning Inc. bought a new stake in HEICO during the second quarter worth approximately $52,000. American National Bank bought a new stake in HEICO during the second quarter worth approximately $66,000. FSC Wealth Advisors LLC bought a new stake in HEICO during the second quarter worth approximately $73,000. Finally, Psagot Value Holdings Ltd. Israel bought a new stake in HEICO during the fourth quarter worth approximately $70,000. 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.