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

William Blair reaffirmed their outperform rating on shares of HEICO (NYSE:HEI) in a research report report published on Tuesday morning,RTT News reports.

HEI has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft dropped their target price on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. KeyCorp assumed coverage on HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating for the company. Finally, Truist Financial upped their target price on HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $271.40.

HEICO Stock Down 0.1 %

Shares of NYSE:HEI opened at $268.68 on Tuesday. The firm has a 50 day simple moving average of $244.64 and a 200 day simple moving average of $251.81. HEICO has a 52 week low of $185.03 and a 52 week high of $283.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The company has a market cap of $37.33 billion, a PE ratio of 73.41, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26.

HEICO (NYSE:HEI) last released its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $983.10 million. As a group, research analysts expect that HEICO will post 4.2 earnings per share for the current year.

Institutional Investors Weigh In On HEICO

Several hedge funds and other institutional investors have recently modified their holdings of HEI. Chancellor Financial Group WB LP bought a new position in HEICO during the fourth quarter valued at about $778,000. Siemens Fonds Invest GmbH bought a new stake in shares of HEICO during the fourth quarter valued at approximately $309,000. Total Wealth Planning & Management Inc. acquired a new position in shares of HEICO in the fourth quarter valued at $637,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in HEICO in the fourth quarter worth $16,578,000. Finally, HWG Holdings LP boosted its stake in HEICO by 2.7% during the fourth quarter. HWG Holdings LP now owns 15,864 shares of the aerospace company’s stock worth $3,772,000 after buying an additional 420 shares in the last quarter. Institutional investors and hedge funds 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.