HEICO (NYSE:HEI) Earns Equal Weight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of HEICO (NYSE:HEI) in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $244.00 target price on the aerospace company’s stock.

A number of other brokerages also recently commented on HEI. KeyCorp started coverage on shares of HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Truist Financial boosted 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. Finally, William Blair reissued an “outperform” rating on shares of HEICO in a report on Tuesday, March 25th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $268.91.

HEICO Stock Down 1.5 %

HEICO stock opened at $250.36 on Tuesday. The stock has a 50-day simple moving average of $249.47 and a 200-day simple moving average of $251.02. The company has a market capitalization of $34.79 billion, a P/E ratio of 68.40, a PEG ratio of 3.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. HEICO has a fifty-two week low of $193.66 and a fifty-two week high of $283.60.

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

Hedge Funds Weigh In On HEICO

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

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.