How to Buy Heico Stock
Heico Corp
Heico is a defense company located in Florida, United States, which is part of the Industrials sector, and is traded under the ticker HEI on the NYSE exchange.
Heico stock last closed at $256.89, up 0.57% from the previous day, and has increased 38.11% in one year. It has overperformed other stocks in the Aerospace & Defense industry by 0.19 percentage points. Heico stock is currently +51.38% from its 52-week low of $169.70, and -9.42% from its 52-week high of $283.60.
At the moment, there are 138.6M HEI shares outstanding. The market capitalization of HEI is $35.60B. In the last 24 hours, 350,122 HEI shares were traded.
How to Buy Heico Stock
Not sure how to invest in Heico stock? Here's how.
- Figure out where to buy Heico stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you decide where to buy Heico stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Pick your method of payment and add your information.
- Analyze Heico stock: The Heico ticker symbol is HEI. Is Heico stock a good investment? Should you buy shares of HEI? How do HEI's underlying business fundamentals look? Do top analysts think Heico is a good buy? Why has HEI's stock price moved recently? (Hint: Our stock research website can help you figure out if HEI is a good stock to buy).
- Execute your HEI buy order: Decide if you will purchase HEI shares at the current market price or use a limit order to purchase HEI shares at a particular price.
- Get updates on your HEI investment: Create a watchlist to get live updates on your new investment in Heico stock.
Step 1: Figure out where to buy Heico stock
You need an online brokerage account to access the NYSE market and buy HEI shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected your brokerage, you need to fill out some personal info so you can invest in HEI stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start a new brokerage account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've opened your account on a good stock buying app, your next step is to transfer the money for your investment:
Watch the tutorial below for more details depositing funds into your brokerage account.
Step 4: Analyze Heico stock
Once you have selected the best place to buy Heico stock, it's crucial to analyze their stock before you invest, so you actually wrap your head around the risk as well as the opportunity.
Heico shares quick numbers
Heico Due Diligence Checks
WallStreetZen was created to help everyday investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on HEI's stock page.
Is HEI stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge HEI's true value.
Using relative valuations methods:
- HEI could be overvalued based on its P/E ratio of 74.25x, relative to Aerospace & Defense industry P/E ratio of 33.6x
- HEI could be overvalued based on its P/B ratio of 10.06x, relative to Aerospace & Defense industry P/B ratio of 6.32x
- HEI may be overvalued based on its PEG ratio of 4.8x
You can access more valuation research on HEI's stock here.
HEI Financial Health Summary
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the HEI balance sheet.
- HEI's operating cash flow of $615.13M allows it to safely service it's debt of $2.26B.
Failed Health Checks:
- There are more long-term liabilities than short-term assets on the HEI balance sheet.
- HEI earnings of $754.18M is not sufficient to cover its interest payments.
- HEI profit margin has gone down from 15% to 12.6% in the past year.
- Total HEI debt is higher than 5 years ago, relative to shareholder equity.
- HEI has a relatively high debt to equity ratio of 0.99.
Is it a good time to buy HEI stock, according to analysts?
Out of 10 sell side analysts who track HEI, the consensus analyst rating on HEI is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest HEI Analyst Ratings
Kenneth Herbert, a top 4% analyst from RBC Capital maintains HEI with a buy rating and raises their HEI price target from $250.00 to $272.00, on Aug 28, 2024.
Peter Arment, a top 10% analyst from Baird maintains HEI with a buy rating and raises their HEI price target from $243.00 to $280.00, on Aug 28, 2024.
Josh Sullivan, a top 1% analyst from Benchmark reiterates HEI with a strong buy rating and maintains their HEI price target from $245.00 to $245.00, on Aug 27, 2024.
Bert Subin, a top 20% analyst from Stifel Nicolaus maintains HEI with a strong buy rating and raises their HEI price target from $250.00 to $280.00, on Aug 27, 2024.
Stifel Nicolaus's Bert Subin raised their price target on Heico (NYSE: HEI) by 12% from $250 to $280 on 2024/08/27. The analyst maintained their Strong Buy rating on the stock.
Heico reported its Q3 2024 earnings on 2024/08/26.
Subin summarized the results for readers by saying that EPS beat by 5% and revenue was essentially in line as ETG segment growth was slightly negative, but the FSG segment continued to outperform.
Looking ahead, the analyst said that Heico is "on strong footing heading into FY 2025 and should continue to drive growth on the FSG side with tailwinds potentially reemerging in ETG."
Earnings Report
For Q3 2024, Heico reported:
- EPS of $0. 97, which beat the Zacks Consensus Estimate of $0.91 and, by 31.1%, Q3 2023's $0.74.
- Revenue of $992.2M, which beat the Zacks Consensus Estimate of $987M and, by 37.3%, Q3 2023's $722.9M.
Management did not provide financial guidance in its press release.
Chairman & CEO Laurans A. Mendelson commented: "We are very pleased to report strong record quarterly consolidated net sales driven by record quarterly operating results at the Flight Support Group, as well as strong contributions from our fiscal 2023 and 2024 acquisitions.
"These results reflect outstanding 15% organic net sales growth in the Flight Support Group principally arising from increased demand across all of its product lines and increased demand for the Electronic Technology Group's defense, space and aerospace products.
"Cash flow provided by operating activities increased 47% to $214M in Q3 2024, up from $145.9M in Q3 2023. We continue to forecast strong cash flow from operations for FY 2024.
"Last week, we announced our Flight Support Group acquired the Aerial Delivery and Descent Devices divisions of Capewell Aerial Systems. The purchase price of this acquisition was paid in cash, principally using proceeds from our revolving credit facility, and we expect this acquisition to be accretive to our earnings within the year following the acquisition.
"As we look ahead to the remainder of FY 2024, we remain optimistic about achieving net sales growth in both the FSG and ETG. This growth is expected to be largely fueled by the contributions from our fiscal 2023 and 2024 acquisitions, along with sustained demand for the majority of our products.
"Additionally, we are committed to ongoing product and service innovation, further market penetration, and maintaining our financial strength and flexibility."
David Strauss, a top 17% analyst from Barclays initiates coverage on HEI with a hold rating and announces their HEI price target of $250.00, on Aug 19, 2024.
You can dig deeper into what analysts are projecting on the Heico stock forecast page.
HEI Technical Indicators
HEI Performance Numbers
Last year, HEI earnings were $477.85M. During the last five year, HEI's earnings have gone up by 8.23% per year. This was faster than the Aerospace & Defense industry average of 5.53%.
Last year, HEI revenue was $3.78B. In the last 5 year, HEI's revenue has gone up by 13.68% per year. This was faster than the Aerospace & Defense industry average of 13.44%.
Dive into HEI's earnings and revenue performance here.
Are HEI executives and large shareholders buying or selling the stock?
In the past 12 months, insiders at HEI have bought more shares than they have sold.
Thomas M. Culligan, Director of HEI, was the latest HEI insider to buy. They bought $190,893.71 worth of HEI stock on Oct 18, 2024.
Research more about who owns HEI stock here.
Does HEI stock generate passive income?
Heico pays a dividend of 0.08%, compared to the Aerospace & Defense industry's average dividend yield of 1.73%. If you owned $1,000 worth of HEI stock, you would have received $0.82 last year.
Heico dividend payments have consistently grown over the past decade but have not remained stable.
Get more info about Heico dividend yield and history here.
What do other traders have to say about HEI?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your HEI buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, use a limit order.
Hit the Open button and your broker will execute your order.
If you want additional info about buying stocks on eToro, click the helpful video below:
Step 6: Get updates on your HEI investment
Now that you own some HEI shares, you'll want to keep up with your shares.
Add HEI to a watchlist to monitor your HEI stock.
HEI Feed
How to Buy Stock in Heico
To summarize, here are the 6 steps to buy stock in Heico:
- Figure out where to buy Heico stock
- Create your brokerage account
- Put funds into your brokerage account
- Analyze Heico stock
- Execute your HEI buy order
- Get updates on your HEI investment
If you require a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Heico, hit the button below to create your watchlist.
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