HEICO (NYSE:HEI) Price Target Raised to $282.00 at Truist Financial

HEICO (NYSE:HEI) had its price target lifted by Truist Financial from $264.00 to $282.00 in a report issued on Friday, MarketBeat reports. The firm currently has a buy rating on the aerospace company’s stock.

Several other equities research analysts have also recently issued reports on the company. Stifel Nicolaus lifted their price objective on HEICO from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Bank of America lifted their price target on HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. UBS Group initiated coverage on HEICO in a research note on Tuesday. They issued a “neutral” rating and a $277.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted their target price on shares of HEICO from $235.00 to $271.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, Robert W. Baird raised their price target on shares of HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $270.70.

HEICO Stock Down 1.6 %

HEICO stock opened at $260.76 on Friday. HEICO has a 12 month low of $155.42 and a 12 month high of $269.38. The stock has a market capitalization of $36.11 billion, a PE ratio of 82.00, a price-to-earnings-growth ratio of 3.69 and a beta of 1.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47. The business has a 50 day simple moving average of $255.17 and a 200-day simple moving average of $230.53.

HEICO (NYSE:HEI) last posted its quarterly earnings data on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The company had revenue of $992.20 million during the quarter, compared to analysts’ expectations of $995.34 million. During the same period in the prior year, the business posted $0.77 earnings per share. The firm’s revenue for the quarter was up 37.3% on a year-over-year basis. On average, analysts anticipate that HEICO will post 3.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Alan Schriesheim sold 332 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $201.63, for a total value of $66,941.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Alan Schriesheim sold 332 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $201.63, for a total value of $66,941.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Eric A. Mendelson sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $186.09, for a total transaction of $3,721,800.00. Following the completion of the transaction, the insider now owns 148,891 shares in the company, valued at approximately $27,707,126.19. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.10% of the stock is owned by insiders.

Institutional Investors Weigh In On HEICO

Institutional investors have recently modified their holdings of the company. Andra AP fonden acquired a new position in HEICO during the 2nd quarter worth about $45,000. Center for Financial Planning Inc. acquired a new stake in shares of HEICO during the second quarter worth about $52,000. American National Bank purchased a new position in shares of HEICO in the second quarter valued at approximately $66,000. Strategic Financial Concepts LLC acquired a new position in shares of HEICO in the second quarter valued at approximately $67,000. Finally, FSC Wealth Advisors LLC acquired a new stake in HEICO during the 2nd quarter worth approximately $73,000. 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.