Analysts Set Heico Corp (NYSE:HEI) Price Target at $113.50

Shares of Heico Corp (NYSE:HEI) have received a consensus recommendation of “Buy” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $113.50.

A number of analysts recently commented on the company. ValuEngine lowered Zuora from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Cowen lowered Total System Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 29th. Credit Suisse Group reaffirmed a “buy” rating and issued a $241.00 price target on shares of FedEx in a research note on Thursday, May 30th. UBS Group raised their price target on Spotify Technology from $180.00 to $182.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, SunTrust Banks raised their price target on Okta to $110.00 and gave the stock a “hold” rating in a research note on Friday, May 31st.

In other Heico news, CAO Steven M. Walker sold 4,200 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $103.00, for a total transaction of $432,600.00. Following the completion of the transaction, the chief accounting officer now owns 2,062 shares of the company’s stock, valued at $212,386. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Laurans A. Mendelson sold 100,000 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $98.17, for a total value of $9,817,000.00. Following the transaction, the chief executive officer now directly owns 927,445 shares of the company’s stock, valued at approximately $91,047,275.65. The disclosure for this sale can be found here. Insiders have sold 167,473 shares of company stock valued at $16,698,107 in the last three months. Insiders own 9.23% of the company’s stock.

Large investors have recently modified their holdings of the company. Executive Wealth Management LLC bought a new position in shares of Heico during the fourth quarter valued at $43,000. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Heico by 126.4% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 97,958 shares of the aerospace company’s stock valued at $9,293,000 after acquiring an additional 54,696 shares in the last quarter. Icon Wealth Partners LLC bought a new position in shares of Heico during the first quarter valued at $96,000. Stratos Wealth Partners LTD. increased its holdings in shares of Heico by 9.7% during the first quarter. Stratos Wealth Partners LTD. now owns 30,723 shares of the aerospace company’s stock valued at $2,915,000 after acquiring an additional 2,719 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Heico during the first quarter valued at $364,000. Hedge funds and other institutional investors own 24.90% of the company’s stock.

Shares of NYSE:HEI traded down $0.93 during trading on Tuesday, reaching $137.13. 507,125 shares of the company traded hands, compared to its average volume of 565,962. The stock has a market capitalization of $18.35 billion, a price-to-earnings ratio of 75.76, a price-to-earnings-growth ratio of 4.44 and a beta of 0.70. Heico has a 52-week low of $71.47 and a 52-week high of $139.24. The company has a quick ratio of 1.56, a current ratio of 3.20 and a debt-to-equity ratio of 0.33. The firm’s fifty day simple moving average is $130.78.

Heico (NYSE:HEI) last released its quarterly earnings data on Tuesday, May 28th. The aerospace company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. Heico had a return on equity of 18.31% and a net margin of 15.36%. The firm had revenue of $515.60 million during the quarter, compared to analyst estimates of $480.17 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. On average, research analysts forecast that Heico will post 2.24 EPS for the current year.

The company also recently disclosed a dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were given a dividend of $0.07 per share. The ex-dividend date was Friday, June 28th. Heico’s dividend payout ratio is currently 7.73%.

Heico Company Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's 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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