The stock of Heico Corp. (NYSE:HEI) last traded at $191.00, down -1.76% from the previous session.
HEI stock price is now 1.58% away from the 50-day moving average and 9.53% away from the 200-day moving average. The market capitalization of the company currently stands at $26.43B.
With the price target maintained at $220, BofA Securities recently Upgraded its rating from Neutral to Buy for Heico Corp. (NYSE: HEI). On December 20, 2023, Morgan Stanley Downgraded its previous ‘Equal-Weight’ rating to ‘Underweight’ on the stock reducing its target price from $184 to quote $174, while ‘William Blair’ rates the stock as ‘Outperform’
In other news, SCHRIESHEIM ALAN, Director sold 26,000 shares of the company’s stock on Mar 22 ’24. The stock was sold for $4,996,784 at an average price of $192.18. Upon completion of the transaction, the Director now directly owns 155,862 shares in the company, valued at $29.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’24, Director Schwitter Frank J sold 550 shares of the business’s stock. A total of $97,930 was realized by selling the stock at an average price of $178.06. This leaves the insider owning 1,655 shares of the company worth $0.32 million. A total of 69.52% of the company’s stock is owned by insiders.
During the past 12 months, Heico Corp. has had a low of $153.63 and a high of $200.64. As of last week, the company has a debt-to-equity ratio of 0.77, a current ratio of 3.17, and a quick ratio of 1.40. According to the stock market information, the enterprise value for the company is $26.01B, which is based on a 62.54 price-to-earnings ratio, a 3.69 price-to-earnings-growth ratio, and a beta of 1.16. The fifty day moving average price for HEI is $188.04 and a two-hundred day moving average price translates $174.38 for the stock.
The latest earnings results from Heico Corp. (NYSE: HEI) was released for Jan, 2024. According to the Aerospace & Defense Company, earnings per share came in at $0.82, beating analysts’ expectations of $0.74 by 0.08. This compares to $0.74 EPS in the same period last year. The net profit margin was 13.11% and return on equity was 14.26% for HEI. The company reported revenue of $896.36 million for the quarter, compared to $620.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.36 percent. For the current quarter, analysts expect HEI to generate $950.33M in revenue.
Heico Corp.(HEI) 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. This segment also distributes hydraulic, pneumatic, structural, interconnect, mechanical, and electro-mechanical components for the commercial, regional, and general aviation markets; and offers repair and overhaul services for jet engine and aircraft component parts, avionics, instruments, composites, and flight surfaces of commercial aircraft, as well as for avionics and navigation systems, and other instruments utilized on military aircraft. The company’s Electronic Technologies Group segment provides electro-optical infrared simulation and test equipment; electro-optical laser products; electro-optical, microwave, and other power equipment; electromagnetic and radio frequency (RF) interference shielding and suppression filters; power conversion and interface; interconnection devices; and underwater locator beacons and emergency locator transmission beacons. This segment also offers traveling wave tube amplifiers and microwave power modules; memory products and specialty semiconductors; harsh environment connectivity products and custom molded cable assemblies; RF and microwave products; communications and electronic intercept receivers and tuners; self-sealing auxiliary fuel systems; active antenna systems and airborne antennas; nuclear radiation detectors; silicone products; power amplifiers; ceramic-to-metal feedthroughs and connectors; technical surveillance countermeasures equipment; RF receivers and sources; embedded computing solutions; test sockets and adapters; and radiation assurance services. The company was incorporated in 1957 and is headquartered in Hollywood, Florida.
