HEICO Corporation (NYSE: HEI) stock jumped 2.13% on Monday to $168.06 against a previous-day closing price of $164.56. With 0.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.33 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $168.12 whereas the lowest price it dropped to was $164.27. The 52-week range on HEI shows that it touched its highest point at $182.18 and its lowest point at $138.82 during that stretch. It currently has a 1-year price target of $190.00. With its current market cap of 20.57 billion, HEI has annualized dividend of $0.20 while the current yield stands at 0.12%. Beta for the stock currently stands at 1.19.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HEI was up-trending over the past week, with a rise of 2.97%, but this was up by 2.41% over a month. Three-month performance surged to 1.31% while six-month performance rose 2.88%. The stock gained 10.49% in the past year, while it has gained 9.39% so far this year. A look at the trailing 12-month EPS for HEI yields 2.87 with Next year EPS estimates of 3.37. For the next quarter, that number is 0.73. This implies an EPS growth rate of 15.40% for this year and 17.40% for next year. EPS is expected to grow by 13.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 13.20%.
Float and Shares Shorts:
At present, 137.01 million HEI shares are outstanding with a float of 117.84 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.03 million, which was 1.47% higher than short shares on Jul 30, 2023. In addition to Mr. Laurans A. Mendelson as the firm’s Chairman & CEO, Mr. Eric A. Mendelson serves as its Co-Pres & Director.
Institutional Ownership:
Through their ownership of 71.19% of HEI’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HEI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With HEI analysts setting a high price target of $232.00 and a low target of $150.00, the average target price over the next 12 months is $197.31. Based on these targets, HEI could surge 38.05% to reach the target high and fall by -10.75% to reach the target low. Reaching the average price target will result in a growth of 17.4% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded HEI stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 2,200 shares were sold. The number of buy transactions has increased to 32 while that of sell transactions has risen to 33 over the past year. The total number of shares bought during that period was 342,203 while 204,967 shares were sold.
