Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for HEICO (NYSE:HEI) Stock Price

HEICO (NYSE:HEI) had its target price cut by stock analysts at Deutsche Bank Aktiengesellschaft from $271.00 to $266.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 11.86% from the company’s current price.

A number of other research analysts have also recently issued reports on HEI. Robert W. Baird raised their price objective on HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Bank of America boosted their price objective on HEICO from $250.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Royal Bank of Canada raised their target price on shares of HEICO from $250.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Truist Financial lifted their target price on shares of HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Stifel Nicolaus increased their price target on shares of HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $270.20.

HEICO Stock Performance

Shares of NYSE HEI opened at $237.80 on Thursday. The stock has a market cap of $32.96 billion, a price-to-earnings ratio of 69.74, a P/E/G ratio of 3.14 and a beta of 1.24. The stock’s 50-day moving average is $262.18 and its 200 day moving average is $247.74. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. HEICO has a 1-year low of $169.70 and a 1-year high of $283.60.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business posted $0.74 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts anticipate that HEICO will post 3.64 EPS for the current fiscal year.

Insider Activity at HEICO

In other news, Director Alan Schriesheim sold 332 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $201.63, for a total transaction of $66,941.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Laurans A. Mendelson bought 725 shares of HEICO stock in a transaction dated Friday, October 18th. The stock was acquired at an average cost of $262.94 per share, for a total transaction of $190,631.50. Following the completion of the transaction, the chief executive officer now directly owns 929,984 shares in the company, valued at approximately $244,529,992.96. This trade represents a 0.08 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 2,175 shares of company stock worth $571,895 over the last 90 days. 8.10% of the stock is owned by company insiders.

Institutional Trading of HEICO

A number of hedge funds have recently made changes to their positions in HEI. Two Sigma Advisers LP lifted its stake in shares of HEICO by 3.7% in the third quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock worth $94,885,000 after buying an additional 13,100 shares in the last quarter. Driehaus Capital Management LLC lifted its position in HEICO by 66.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after acquiring an additional 77,067 shares in the last quarter. AdvisorShares Investments LLC boosted its stake in HEICO by 7.4% during the 2nd quarter. AdvisorShares Investments LLC now owns 32,593 shares of the aerospace company’s stock valued at $7,190,000 after purchasing an additional 2,244 shares during the last quarter. Bright Rock Capital Management LLC bought a new stake in shares of HEICO in the 3rd quarter worth $1,830,000. Finally, Seven Eight Capital LP purchased a new position in shares of HEICO in the second quarter worth $423,000. 27.12% of the stock is owned by 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.