Research analysts from **Zacks Research** recently updated their earnings per share (EPS) estimates for **Heico Corporation** (NYSE: HEI) for the second quarter of 2026. In a report released on **November 13, 2023**, they now expect the aerospace company to report earnings of **$1.31** per share, an increase from their previous forecast of **$1.28**. Zacks maintains a “Hold” rating on Heico’s stock, which reflects a cautious outlook amid fluctuating market conditions.
The consensus estimate for Heico’s full-year earnings stands at **$4.20** per share. Other financial institutions have also weighed in on the stock; **Stifel Nicolaus** set a target price of **$360.00** in a report dated **August 26, 2023**. Following that, the **Goldman Sachs Group** reaffirmed a “Buy” rating with an increased price target of **$382.00**, up from **$337.00**, in a note released on **August 27, 2023**. Additionally, **BNP Paribas Exane** initiated coverage with a “Neutral” rating and a price target of **$330.00**.
On the same day as Goldman Sachs’ report, **Robert W. Baird** raised its price target for Heico from **$360.00** to **$400.00**, recommending an “Outperform” rating. **Barclays** also adjusted its target from **$280.00** to **$300.00**, maintaining an “Equal Weight” rating. Overall, ten analysts currently rate Heico as a “Buy,” while seven have issued a “Hold” rating. According to data from **MarketBeat**, Heico has an average rating of “Moderate Buy” with a price target of **$344.75**.
Stock Performance and Insider Activity
As of Monday, Heico’s stock opened at **$310.20**. Over the past year, the stock has experienced a low of **$216.68** and a high of **$338.92**. The company’s market capitalization is approximately **$43.18 billion**, with a price-to-earnings ratio of **67.88** and a price-to-earnings-growth ratio of **3.64**. Heico’s quick ratio is **1.51**, its current ratio is **3.35**, and it maintains a debt-to-equity ratio of **0.58**. The stock’s fifty-day moving average is **$317.10**, while its 200-day moving average is **$310.23**.
Heico last reported quarterly earnings on **August 25, 2023**, posting an EPS of **$1.26**, exceeding the consensus estimate of **$1.12** by **$0.14**. The company achieved a net margin of **14.96%** and a return on equity of **16.29%**, with revenue for the quarter reaching **$1.15 billion**, surpassing analyst expectations of **$1.11 billion**. This represents a **15.7%** increase in revenue compared to the same quarter last year.
Recent insider transactions have also drawn attention. On **October 21, 2023**, Director **Mark H. Hildebrandt** purchased **400 shares** at an average price of **$248.76** each, bringing the total transaction value to **$99,504.00**. This acquisition increased his ownership in the company by **51.22%**. Another significant transaction involved Director **Carol F. Fine**, who bought **672 shares** on **October 10, 2023**, at an average cost of **$243.93** per share, totaling approximately **$163,920.96**.
In total, insiders have acquired **4,448 shares** of Heico stock valued at **$1,086,933** over the last quarter, with insiders owning **9.55%** of the company’s stock.
Institutional Investors Adjust Holdings
Several institutional investors have recently altered their stakes in Heico. **Avalon Capital Management** increased its position by **0.9%** during the second quarter, now holding **3,895 shares** worth around **$1,278,000** after acquiring an additional **33 shares**. **Ridgewood Investments LLC** boosted its stake by **36.5%**, owning **131 shares** valued at **$43,000** after purchasing **35 more shares**.
**Simon Quick Advisors LLC** grew its holdings by **5.8%** in the third quarter, increasing to **652 shares**, worth **$211,000** after adding **36 shares**. **Pekin Hardy Strauss Inc.** also raised its position by **4.4%**, now owning **887 shares** valued at **$286,000** after acquiring an additional **37 shares**. Lastly, **Westside Investment Management Inc.** doubled its holdings by **100%**, now owning **86 shares** valued at **$28,000** following the purchase of **43 shares**.
As it stands, institutional investors and hedge funds collectively own **27.12%** of Heico’s stock.
**Heico Corporation** designs, manufactures, and sells aerospace, defense, and electronic products and services both in the United States and internationally. The company’s Flight Support Group segment specializes in providing jet engine and aircraft component replacement parts, among other aviation-related services.
