On Monday, the report of HEICO’s (NYSE: HEI) financial performance was made public for everybody to see. The aerospace business’s earnings per share (EPS) for the quarter came in substantially lower than the consensus expectation of $0.65 produced by experts, as reported by MarketWatch Earnings. The analysts’ forecast called for the company to earn $0.65 per share (0.05). HEICO had a return on equity of 14.44% and a net margin of 16.66% for the company overall.
The sales for the company for the quarter came to a total of $569.53 million, which was much more than the median projection of $555.44 million for the company’s revenue. The company reported a profit of $0.56 per share for the same period the year before, which was the same as the current year. Compared to the same quarter in the prior year, the rise in the company’s revenue was 20.7% more than expected. When trading started on Tuesday, the price of an individual share of HEI was $155.88. Over the previous 52 weeks, the price of a share of HEICO has fluctuated between $122.94 and $165.61.
The ratio of the current ratio to the quick ratio is 1.69, whereas the ratio of the current ratio to the quick ratio is 3.39. The ratio of debt to equity is 0.11. The firm’s market capitalization is currently sitting at $21.19 billion, while its P/E ratio is 64.15, its PEG score is 4.76, and its beta coefficient is 1.17. The simple moving average of the company’s stock price for the last 200 days is $144.91, and the simple moving average of the company’s stock price over the past 50 days is $146.27. In addition, the company issued a dividend payment on July 15th, which happens every other month throughout the year. On Friday, July 1st, investors who still owned their shares were paid dividends totaling $0.09 per share.
These payments were delivered to stockholders who still owned their shares. This payout had a day considered to be “ex-dividend,” and that day was Thursday, June 30th. As a direct consequence, the yield we obtain is 0.1 percent. HEICO has a dividend payout ratio of 7.41%, which means that they pay out 7.41% of their earnings as dividends. Recent scholarly articles have focused on HEI as a research issue for their discussions. On July 27th, Bloomberg lowered its recommendation to “buy” HEICO shares to a “hold” rating, which is a significant fall from the previous “buy” rating. In a research note published on August 16th, Robert W. Baird gave the firm an “outperform” rating and increased its target price on HEICO shares from $160.00 to $186.00.
According to a research report released on May 25th by the UBS Group, the company is aiming for a price of HEICO stock of $138.00. In a research report published on Tuesday, July 19th, Truist Financial lowered its price objective on HEICO from $182.00 to $165.00 and gave the company a “buy” recommendation in a research report. This comes after they determined that the pricing target would be 182.00 dollars. The stock has been assigned a rating of “Hold” by three equity research experts, while a rating of “buy” has been assigned by four other analysts.
Bloomberg reports that the average recommendation for the company is a “Moderate Buy” and that $159.71 is the price at which it is anticipated to trade in the future. The sectors in which hedge funds and other institutional investors hold assets have recently been the subject of recent revisions made by those investors. Acadian Asset Management LLC spent approximately $570,000 to purchase a new stake in HEICO during the first three months of the year. Compared to the previous quarter, Bridgefront Capital LLC spent roughly 265,000 more dollars during the first quarter to increase its holdings in HEICO.
This was an increase from the previous quarter’s total expenditures. Bridgewater Associates LP made a brand new investment in the amount of $1,119,000 in HEICO during the first three months of the year. Royal London Asset Management Ltd. increased the amount of HEICO stock owned by 4.9% over the year’s first three months. Royal London Asset Management Ltd. now has 43,488 shares of the aerospace company’s stock, valued at $5,936,000 after purchasing an additional 2,044 shares during the most recent quarter. This brings the total number of shares owned by the firm to 43,488. During the first three months of this year, Lazard Asset Management LLC saw a 3,192.9% increase in the amount of HEICO stock it owned, making this the last and most important point.
Lazard Asset Management LLC now holds 1,138,939 shares of the aerospace company’s stock, which has a value of $174,872,000 after the acquisition of an additional 1,104,351 shares during the most recent quarter. This brings the total number of shares held by the business to 1,138,939. The company’s stock is currently controlled by institutional investors and investors from hedge funds to 27.39%. Specifics regarding the insurance company HEICO The Aerospace, Defense, and Electronics industries are all served domestically as well as globally by the subsidiaries of HEICO Corporation.
These companies are responsible for the product development, production, and sales operations that the firm carries out. The company’s Flight Support Group business makes all of the company’s replacement parts, specialty parts, thermal insulation blankets and parts, renewable and reusable insulation systems, and replacement parts for jet engines and aircraft components.