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

William Blair restated their outperform rating on shares of HEICO (NYSE:HEI) in a research note issued to investors on Tuesday,RTT News reports.

Several other analysts also recently issued reports on HEI. Truist Financial raised their price target on HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, KeyCorp assumed coverage on shares of HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $271.40.

HEICO Stock Performance

HEI stock opened at $268.68 on Tuesday. The firm has a market cap of $37.33 billion, a P/E ratio of 73.41, a P/E/G ratio of 3.10 and a beta of 1.26. The stock’s 50 day simple moving average is $244.64 and its 200 day simple moving average is $251.81. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. HEICO has a 12-month low of $185.03 and a 12-month high of $283.60.

HEICO (NYSE:HEI) last posted its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $983.10 million. As a group, equities research analysts predict that HEICO will post 4.2 EPS for the current year.

Institutional Investors Weigh In On HEICO

Institutional investors have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC boosted its position in shares of HEICO by 219,129.4% during the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company’s stock valued at $5,285,970,000 after purchasing an additional 22,224,106 shares in the last quarter. Bain Capital Public Equity Management II LLC acquired a new stake in HEICO during the fourth quarter valued at approximately $110,503,000. EULAV Asset Management boosted its holdings in HEICO by 12.8% during the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock worth $107,861,000 after buying an additional 51,500 shares in the last quarter. Fisher Asset Management LLC grew its position in HEICO by 19.1% in the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock worth $98,791,000 after buying an additional 66,583 shares during the last quarter. Finally, Two Sigma Advisers LP increased its holdings in shares of HEICO by 2.3% in the fourth quarter. Two Sigma Advisers LP now owns 371,178 shares of the aerospace company’s stock valued at $88,244,000 after buying an additional 8,300 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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.