HEICO (NYSE:HEI) Price Target Raised to $294.00 at Truist Financial

HEICO (NYSE:HEI) had its price target upped by Truist Financial from $282.00 to $294.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the aerospace company’s stock.

Several other equities analysts have also recently issued reports on the company. KeyCorp initiated coverage on HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft decreased 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. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $271.40.

HEICO Stock Performance

HEI stock opened at $268.61 on Wednesday. The company has a 50-day simple moving average of $234.94 and a 200 day simple moving average of $250.28. The company has a market capitalization of $37.29 billion, a P/E ratio of 73.39, a PEG ratio of 3.10 and a beta of 1.26. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. HEICO has a fifty-two week low of $182.47 and a fifty-two week high of $283.60.

HEICO (NYSE:HEI) last issued its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, topping 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 company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $983.10 million. Sell-side analysts predict that HEICO will post 4.2 earnings per share for the current fiscal year.

HEICO Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.11 per share. The ex-dividend date was Friday, January 3rd. This represents a yield of 0.1%. HEICO’s dividend payout ratio (DPR) is presently 5.45%.

Institutional Trading of HEICO

Hedge funds have recently made changes to their positions in the stock. Compass Financial Services Inc acquired a new position in HEICO in the 4th quarter valued at approximately $26,000. Banque Transatlantique SA purchased a new position in shares of HEICO during the 4th quarter valued at $44,000. Rakuten Securities Inc. acquired a new position in shares of HEICO in the third quarter worth $81,000. Berbice Capital Management LLC purchased a new stake in shares of HEICO during the fourth quarter worth $95,000. Finally, Brooklyn Investment Group acquired a new stake in HEICO during the third quarter valued at $128,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

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. 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.