HEICO’s (HEI) “Outperform” Rating Reiterated at William Blair

HEICO (NYSE:HEI)‘s stock had its “outperform” rating reiterated by stock analysts at William Blair in a research note issued on Tuesday,RTT News reports.

Other analysts also recently issued reports about the company. Truist Financial raised their target price on HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. KeyCorp began coverage on HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Four 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $271.40.

HEICO Trading Up 0.6 %

NYSE:HEI traded up $1.57 during mid-day trading on Tuesday, reaching $269.45. The company’s stock had a trading volume of 151,671 shares, compared to its average volume of 567,920. HEICO has a twelve month low of $185.03 and a twelve month high of $283.60. The company’s fifty day simple moving average is $242.32 and its two-hundred day simple moving average is $251.42. 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 stock has a market cap of $37.44 billion, a P/E ratio of 73.62, a P/E/G ratio of 3.10 and a beta of 1.26.

HEICO (NYSE:HEI) last announced 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 firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $983.10 million. On average, equities analysts predict that HEICO will post 4.2 EPS for the current year.

Hedge Funds Weigh In On HEICO

Large investors have recently bought and sold shares of the business. Centaurus Financial Inc. lifted its holdings in shares of HEICO by 8.9% in the 3rd quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock worth $191,000 after purchasing an additional 60 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in HEICO in the third quarter worth $222,000. Quantbot Technologies LP increased its position in HEICO by 424.1% in the third quarter. Quantbot Technologies LP now owns 18,801 shares of the aerospace company’s stock worth $4,916,000 after buying an additional 15,214 shares during the period. Brooklyn Investment Group bought a new stake in HEICO in the third quarter valued at $128,000. Finally, Cynosure Group LLC bought a new position in shares of HEICO during the third quarter worth about $358,000. 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.