Heico (HEI) Stock Price and Analyst Predictions for the Next Year
Heico Corp (HEI) Reaches New Heights
Heico Corp (NYSE: HEI), a leading aerospace and electronics company, has recently reached an all-time high of $257.19. This impressive milestone aligns with Warren Buffett’s Berkshire Hathaway making significant portfolio adjustments, including a new investment in Heico.
Strong Financial Performance
Over the past year, Heico’s stock has surged by 42%, underlined by an increased semiannual cash dividend of $0.11 per share. With a market cap of $33.32 billion, Heico boasts a solid financial foundation.
- Outstanding shares: 138.50 million
- Insider ownership: 13.98%
- Institutional ownership: 82.05%
Analyst Upgrades and Future Outlook
Prominent analysts have revised price targets upwards, with Jefferies setting a target of $275. Despite a recent trade at $240.61, analysts project a cautious average target of $239.64 over the next 12 months, indicating mixed views.
Looking Ahead to Earnings Reports
Heico is set to report its fiscal third-quarter earnings on August 26, 2024, with a trailing P/E ratio of 75.65. This suggests high expectations for sustained revenue growth amid strong market demand for its products.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.