HEICO (NYSE:HEI) Hits New 12-Month High at $203.68

HEICO Co. (NYSE:HEI) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $203.68 and last traded at $203.68, with a volume of 53936 shares traded. The stock had previously closed at $199.41.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HEI. Stifel Nicolaus upped their price target on shares of HEICO from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Royal Bank of Canada upped their price target on shares of HEICO from $210.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Finally, Bank of America raised shares of HEICO from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.50.

HEICO Price Performance

The business’s 50 day simple moving average is $191.70 and its 200-day simple moving average is $179.68. The company has a quick ratio of 1.40, a current ratio of 3.17 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $28.41 billion, a price-to-earnings ratio of 65.18, a P/E/G ratio of 3.22 and a beta of 1.16.

HEICO (NYSE:HEI) last posted its quarterly earnings results on Monday, February 26th. The aerospace company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HEICO had a net margin of 13.11% and a return on equity of 14.35%. The company had revenue of $896.36 million for the quarter, compared to the consensus estimate of $891.32 million. During the same period last year, the company posted $0.67 EPS. The firm’s quarterly revenue was up 44.4% compared to the same quarter last year. On average, research analysts forecast that HEICO Co. will post 3.47 earnings per share for the current year.

Insider Activity

In related news, Director Frank J. Schwitter sold 400 shares of HEICO stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total transaction of $77,480.00. Following the sale, the director now directly owns 1,255 shares in the company, valued at approximately $243,093.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other HEICO news, Director Frank J. Schwitter sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the transaction, the director now owns 1,255 shares in the company, valued at approximately $243,093.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan Schriesheim sold 26,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the transaction, the director now owns 155,862 shares of the company’s stock, valued at approximately $29,953,559.16. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by corporate insiders.

Institutional Trading of HEICO

Several hedge funds have recently modified their holdings of HEI. Zeno Equity Partners LLP bought a new stake in HEICO during the 4th quarter valued at $25,000. NBC Securities Inc. purchased a new position in HEICO during the 3rd quarter worth $42,000. Psagot Value Holdings Ltd. Israel purchased a new position in HEICO during the 4th quarter worth $70,000. Beaumont Financial Advisors LLC purchased a new position in HEICO during the 4th quarter worth $200,000. Finally, Sequoia Financial Advisors LLC purchased a new position in HEICO during the 4th quarter worth $202,000. 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.