HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's 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, subcomponents, and other instruments utilized on military aircraft. Its 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 interference shielding and suppression filters; high-speed interface products; high voltage interconnection devices; high voltage advanced power electronics; power conversion products; and underwater locator beacons and emergency locator transmission beacons. This segment also offers traveling wave tube amplifiers and microwave power modules; three-dimensional microelectronic and stacked memory products; harsh environment connectivity products and custom molded cable assemblies; radio frequency and microwave amplifiers, transmitters, and receivers; communications and electronic intercept receivers and tuners; self-sealing auxiliary fuel systems; active antenna systems; and nuclear radiation detectors. The company serves customers primarily in the aviation, defense, space, medical, telecommunications, and electronics industries. HEICO Corporation was founded in 1957 and is headquartered in Hollywood, Florida.
IPO Year: 2000
Exchange: NYSE
Website: heico.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/15/2024 | $277.00 | Neutral | UBS |
| 8/19/2024 | $250.00 | Equal Weight | Barclays |
| 6/4/2024 | $178.00 → $225.00 | Underweight → Equal-Weight | Morgan Stanley |
| 1/25/2024 | $220.00 | Neutral → Buy | BofA Securities |
| 12/20/2023 | $184.00 → $174.00 | Equal-Weight → Underweight | Morgan Stanley |
| 12/12/2023 | Outperform | William Blair | |
| 12/1/2023 | $200.00 | Buy | Stifel |
| 9/28/2023 | $192.00 | Buy | Deutsche Bank |
| 8/18/2023 | $184.00 | Equal-Weight | Morgan Stanley |
| 5/30/2023 | $191.00 | Hold → Buy | Vertical Research |
MIAMI, FL, PARIS, FRANCE, and CHENNAI, INDIA / ACCESSWIRE / November 4, 2024 / HEICO Corporation today announced that its Paris, France-based Exxelia subsidiary acquired 70% of SVM Private Limited ("SVM") for cash paid at closing. Exxelia is part of HEICO's Electronic Technologies Group. SVM's management retains the remaining 30% ownership.HEICO stated that it expects the acquisition to be accretive to its earnings within the year following closing.Based in Chennai, India, SVM is a leading designer and manufacturer of high-performance electronic passive components and sub-systems, including critical magnetic components and busbars, specifically serving the healthcare and industrial end-marke
MIAMI, FL and DERBY, KS / ACCESSWIRE / October 21, 2024 / HEICO Corporation (NYSE:HEI)(NYSE:HEI) today announced that its Electronic Technologies Group acquired approximately 88% of Mid Continent Controls, Inc. ("MC2") for cash at closing. Key MC2 managers will continue to own the balance of the company. Additional financial details were not disclosed.HEICO stated that it expects the acquisition to be accretive to its earnings within the year following the acquisition.Derby, KS-based MC2 is a niche designer and manufacturer specializing in proprietary in-cabin power and entertainment components and subsystems for business jets. Its core products include power outlets, power distribution modu
SANTA ANA, CA and MIAMI, FL / ACCESSWIRE / October 1, 2024 / HEICO Corporation (NYSE:HEI) and (NYSE:HEI) today announced that its Electronic Technologies Group acquired 92.5% of Marway Power Solutions, Inc. ("Marway") for cash at closing. The balance of the company's ownership will continue to be held by its executive management. Further financial terms were not disclosed.HEICO stated that it expects the acquisition to be accretive to earnings within the year following the acquisition.Founded in 1980, Marway is a leading designer and manufacturer of power distribution solutions for mission-critical systems deployed in defense, aerospace, communications, test & measurement, and industrial app
RYE, N.Y., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Agenda 7:50 AMWelcome & IntroTony Bancroft – Gabelli Funds 8:00Moog Inc. (
RYE, N.Y., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Agenda 7:50 AMWelcome & IntroTony Bancroft – Gabelli Funds8:00Moog Inc. (NYSE:MOG)
HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / August 26, 2024 / HEICO CORPORATION (NYSE:HEI)(NYSE:HEI) today reported net income increased 34% to a record $136.6 million, or $.97 per diluted share, in the third quarter of fiscal 2024, up from $102.0 million, or $.74 per diluted share, in the third quarter of fiscal 2023. Net income increased 25% to a record $374.4 million, or $2.67 per diluted share, in the first nine months of fiscal 2024, up from $300.2 million, or $2.17 per diluted share, in the first nine months of fiscal 2023.Net sales increased 37% to a record $992.2 million in the third quarter of fiscal 2024, up from $722.9 million in the third quarter of fiscal 2023. Operating income i
RYE, N.Y., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Featured Companies AAR Corp. (NYSE:AIR)Graham Corporation (NYSE:GHM) Sean Gillen –
SOUTH WINDSOR, CT and MIAMI, FL / ACCESSWIRE / August 22, 2024 / HEICO Corporation (NYSE:HEI)(NYSE:HEI) today announced its Flight Support Group has acquired the Aerial Delivery and Descent Devices divisions of Capewell Aerial Systems ("Capewell") for cash at closing. Additional financial details were not disclosed.HEICO stated that it expects the acquisition to be accretive to its earnings within the year following closing.Connecticut-based Capewell is a leading provider of proprietary aircraft cockpit emergency egress and aerial delivery products for various commercial aerospace and defense uses. It is a critical supplier to a wide-ranging customer base that includes leading OEMs, end-user
HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / August 13, 2024 / On August 26, 2024 after the NYSE closing, HEICO Corporation (NYSE:HEI)(NYSE:HEI) will release its financial results for the third quarter ended July 31, 2024. The earnings release will be available through the Internet on the Company's website at https://www.heico.com.In order to assist interested parties in scheduling their participation in HEICO teleconferences, the Company issues advance notices of conference calls.HEICO will hold a conference call on Tuesday, August 27, 2024 at 9:00 a.m. Eastern Daylight Time to discuss its third quarter results. Individuals wishing to participate in the conference call should dial: US and Can
$.11 per share cash dividend declared HOLLYWOOD, FL / ACCESSWIRE / June 20, 2024 / HEICO Corporation (NYSE:HEI)(NYSE:HEI) today announced that its Board of Directors declared an $0.11 per share semiannual cash dividend payable on all shares of its Class A Common Stock and its Common Stock. The amount is 10% greater than the Company's last cash dividend of $.10 per share paid earlier this year.The dividend is HEICO's 92nd consecutive semiannual cash dividend since 1979.The dividend is payable on July 15, 2024 to all shareholders of record on July 1, 2024.Laurans A. Mendelson, HEICO's Chairman and Chief Executive Officer, along with Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Preside
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Truist Securities analyst Michael Ciarmoli maintains Heico (NYSE:HEI) with a Buy and raises the price target from $240 to $248.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Morgan Stanley cut the price target for The Kroger Co. (NYSE:KR) from $58 to $57. Morgan Stanley analyst Simeon Gutman maintained an Equal-Weight rating. Kroger shares fell 0.1% to close at $50.21 on Friday. See how other analysts view this stock. JP Morgan raised the price target for Royal Caribbean Cruises Ltd. (NYSE:RCL) from $173 to $175. JP Morgan analyst Matthew Boss maintained an Overweight rating. Royal Caribbean Cruises shares rose 0.6% to close at $151.12 on Friday. See how other analysts
B of A Securities analyst Ronald Epstein maintains Heico (NYSE:HEI) with a Buy and raises the price target from $220 to $250.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. HC Wainwright & Co. raised the price target for UroGen Pharma Ltd. (NASDAQ:URGN) from $54 to $60. HC Wainwright & Co. analyst Raghuram Selvaraju maintained a Buy rating. UroGen Pharma shares jumped 37.6% to close at $17.50 on Thursday. See how other analysts view this stock. Keybanc raised the price target for Adobe Inc. (NASDAQ:ADBE) from $445 to $450. Keybanc analyst Jackson Ader maintained an Underweight rating. Adobe shares fell 0.3% to close at $458.74 on Thursday. See how other analysts view
Benchmark analyst Josh Sullivan maintains Heico (NYSE:HEI) with a Buy and raises the price target from $185 to $245.
Heico (NYSE:HEI) has outperformed the market over the past 15 years by 10.97% on an annualized basis producing an average annual return of 23.44%. Currently, Heico has a market capitalization of $30.82 billion. Buying $100 In HEI: If an investor had bought $100 of HEI stock 15 years ago, it would be worth $2,400.17 today based on a price of $222.54 for HEI at the time of writing. Heico's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an
Heico's (NYSE:HEI) short percent of float has fallen 4.0% since its last report. The company recently reported that it has 1.52 million shares sold short, which is 3.36% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.48 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is import
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Redburn Atlantic analyst Simon Clinch upgraded the rating for Upstart Holdings Inc (NASDAQ:UPST) from Sell to Neutral, while raising the price target from $22.5 to $25.5. Upstart shares fell 2.4% to close at $24.12 on Monday. See how other analysts view this stock. Morgan Stanley analyst Kristine Liwag upgraded Heico Corp (NYSE:HEI) from Underweight to Equal-Weight and boosted the price target from $178 to $225. Heico shares rose 0.3% to settle at $222.48 on Monday. See how other analysts view this
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Keybanc cut the price target for GitLab Inc. (NASDAQ:GTLB) from $70 to $62. Keybanc analyst Jason Celino maintained an Overweight rating. GitLab shares fell 0.3% to close at $47.07 on Monday. See how other analysts view this stock. Redburn Atlantic boosted the price target for Upstart Holdings, Inc. (NASDAQ:UPST) from $22.5 to $25.5. Redburn Atlantic analyst Simon Clinch upgraded the stock from Sell to Neutral. Upstart shares fell 2.4% to close at $24.12 on Monday. See how other analysts view this
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UBS initiated coverage of HEICO with a rating of Neutral and set a new price target of $277.00
Barclays initiated coverage of HEICO with a rating of Equal Weight and set a new price target of $250.00
Morgan Stanley upgraded HEICO from Underweight to Equal-Weight and set a new price target of $225.00 from $178.00 previously
BofA Securities upgraded HEICO from Neutral to Buy and set a new price target of $220.00
Morgan Stanley downgraded HEICO from Equal-Weight to Underweight and set a new price target of $174.00 from $184.00 previously
William Blair initiated coverage of HEICO with a rating of Outperform
Stifel initiated coverage of HEICO with a rating of Buy and set a new price target of $200.00
Deutsche Bank initiated coverage of HEICO with a rating of Buy and set a new price target of $192.00
Morgan Stanley resumed coverage of HEICO with a rating of Equal-Weight and set a new price target of $184.00
Vertical Research upgraded HEICO from Hold to Buy and set a new price target of $191.00
MIAMI, FL, PARIS, FRANCE, and CHENNAI, INDIA / ACCESSWIRE / November 4, 2024 / HEICO Corporation today announced that its Paris, France-based Exxelia subsidiary acquired 70% of SVM Private Limited ("SVM") for cash paid at closing. Exxelia is part of HEICO's Electronic Technologies Group. SVM's management retains the remaining 30% ownership.HEICO stated that it expects the acquisition to be accretive to its earnings within the year following closing.Based in Chennai, India, SVM is a leading designer and manufacturer of high-performance electronic passive components and sub-systems, including critical magnetic components and busbars, specifically serving the healthcare and industrial end-marke
MIAMI, FL and DERBY, KS / ACCESSWIRE / October 21, 2024 / HEICO Corporation (NYSE:HEI)(NYSE:HEI) today announced that its Electronic Technologies Group acquired approximately 88% of Mid Continent Controls, Inc. ("MC2") for cash at closing. Key MC2 managers will continue to own the balance of the company. Additional financial details were not disclosed.HEICO stated that it expects the acquisition to be accretive to its earnings within the year following the acquisition.Derby, KS-based MC2 is a niche designer and manufacturer specializing in proprietary in-cabin power and entertainment components and subsystems for business jets. Its core products include power outlets, power distribution modu
SANTA ANA, CA and MIAMI, FL / ACCESSWIRE / October 1, 2024 / HEICO Corporation (NYSE:HEI) and (NYSE:HEI) today announced that its Electronic Technologies Group acquired 92.5% of Marway Power Solutions, Inc. ("Marway") for cash at closing. The balance of the company's ownership will continue to be held by its executive management. Further financial terms were not disclosed.HEICO stated that it expects the acquisition to be accretive to earnings within the year following the acquisition.Founded in 1980, Marway is a leading designer and manufacturer of power distribution solutions for mission-critical systems deployed in defense, aerospace, communications, test & measurement, and industrial app
HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / August 26, 2024 / HEICO CORPORATION (NYSE:HEI)(NYSE:HEI) today reported net income increased 34% to a record $136.6 million, or $.97 per diluted share, in the third quarter of fiscal 2024, up from $102.0 million, or $.74 per diluted share, in the third quarter of fiscal 2023. Net income increased 25% to a record $374.4 million, or $2.67 per diluted share, in the first nine months of fiscal 2024, up from $300.2 million, or $2.17 per diluted share, in the first nine months of fiscal 2023.Net sales increased 37% to a record $992.2 million in the third quarter of fiscal 2024, up from $722.9 million in the third quarter of fiscal 2023. Operating income i
SOUTH WINDSOR, CT and MIAMI, FL / ACCESSWIRE / August 22, 2024 / HEICO Corporation (NYSE:HEI)(NYSE:HEI) today announced its Flight Support Group has acquired the Aerial Delivery and Descent Devices divisions of Capewell Aerial Systems ("Capewell") for cash at closing. Additional financial details were not disclosed.HEICO stated that it expects the acquisition to be accretive to its earnings within the year following closing.Connecticut-based Capewell is a leading provider of proprietary aircraft cockpit emergency egress and aerial delivery products for various commercial aerospace and defense uses. It is a critical supplier to a wide-ranging customer base that includes leading OEMs, end-user
HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / August 13, 2024 / On August 26, 2024 after the NYSE closing, HEICO Corporation (NYSE:HEI)(NYSE:HEI) will release its financial results for the third quarter ended July 31, 2024. The earnings release will be available through the Internet on the Company's website at https://www.heico.com.In order to assist interested parties in scheduling their participation in HEICO teleconferences, the Company issues advance notices of conference calls.HEICO will hold a conference call on Tuesday, August 27, 2024 at 9:00 a.m. Eastern Daylight Time to discuss its third quarter results. Individuals wishing to participate in the conference call should dial: US and Can
$.11 per share cash dividend declared HOLLYWOOD, FL / ACCESSWIRE / June 20, 2024 / HEICO Corporation (NYSE:HEI)(NYSE:HEI) today announced that its Board of Directors declared an $0.11 per share semiannual cash dividend payable on all shares of its Class A Common Stock and its Common Stock. The amount is 10% greater than the Company's last cash dividend of $.10 per share paid earlier this year.The dividend is HEICO's 92nd consecutive semiannual cash dividend since 1979.The dividend is payable on July 15, 2024 to all shareholders of record on July 1, 2024.Laurans A. Mendelson, HEICO's Chairman and Chief Executive Officer, along with Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Preside
HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / May 28, 2024 / HEICO CORPORATION (NYSE:HEI)(NYSE:HEI) today reported an increase in net income of 17% to a record $123.1 million, or $.88 per diluted share, in the second quarter of fiscal 2024, up from $105.1 million, or $.76 per diluted share, in the second quarter of fiscal 2023. Net income increased 20% to a record $237.8 million, or $1.70 per diluted share, in the first six months of fiscal 2024, up from $198.1 million, or $1.43 per diluted share, in the first six months of fiscal 2023.Net sales increased 39% to a record $955.4 million in the second quarter of fiscal 2024, up from $687.8 million in the second quarter of fiscal 2023. Operating i
HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / May 13, 2024 / On May 28, 2024 after the NYSE closing, HEICO Corporation (NYSE:HEI)(NYSE:HEI) will release its financial results for the second quarter ended April 30, 2024. The earnings release will be available through the Internet on the Company's website at https://www.heico.com.In order to assist interested parties in scheduling their participation in HEICO teleconferences, the Company issues advance notices of conference calls.HEICO will hold a conference call on Wednesday, May 29, 2024 at 9:00 a.m. Eastern Daylight Time to discuss its second quarter results. Individuals wishing to participate in the conference call should dial: US and Canada
HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / February 26, 2024 / HEICO CORPORATION (NYSE:HEI)(NYSE:HEI) today reported an increase in net income of 23% to $114.7 million, or $.82 per diluted share, in the first quarter of fiscal 2024, up from $93.0 million, or $.67 per diluted share, in the first quarter of fiscal 2023.Net sales increased 44% to $896.4 million in the first quarter of fiscal 2024, up from $620.9 million in the first quarter of fiscal 2023. Operating income increased 39% to $180.2 million in the first quarter of fiscal 2024, up from $129.4 million in the first quarter of fiscal 2023. The Company's consolidated operating margin was 20.1% in the first quarter of fiscal 2024, as co
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8-K - HEICO CORP (0000046619) (Filer)
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8-K - HEICO CORP (0000046619) (Filer)
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8-K - HEICO CORP (0000046619) (Filer)
8-K - HEICO CORP (0000046619) (Filer)
10-Q - HEICO CORP (0000046619) (Filer)