1,245 Shares in HEICO Co. (NYSE:HEI) Acquired by USA Financial Formulas

USA Financial Formulas bought a new stake in shares of HEICO Co. (NYSE:HEI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,245 shares of the aerospace company’s stock, valued at approximately $326,000.

Other institutional investors have also added to or reduced their stakes in the company. Nomura Holdings Inc. purchased a new stake in shares of HEICO during the fourth quarter valued at $897,000. Meyer Handelman Co. purchased a new position in shares of HEICO during the first quarter valued at approximately $1,072,000. Quadrature Capital Ltd bought a new position in HEICO during the first quarter valued at approximately $2,796,000. Mediolanum International Funds Ltd purchased a new stake in HEICO in the first quarter worth approximately $1,442,000. Finally, Dudley & Shanley Inc. grew its position in HEICO by 24.0% in the 1st quarter. Dudley & Shanley Inc. now owns 18,400 shares of the aerospace company’s stock worth $3,514,000 after purchasing an additional 3,560 shares during the period. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at HEICO

In related news, Director Frank J. Schwitter bought 475 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average cost of $252.26 per share, with a total value of $119,823.50. Following the completion of the purchase, the director now owns 1,730 shares of the company’s stock, valued at approximately $436,409.80. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Frank J. Schwitter purchased 475 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average price of $252.26 per share, for a total transaction of $119,823.50. Following the acquisition, the director now directly owns 1,730 shares of the company’s stock, valued at $436,409.80. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric A. Mendelson sold 53,510 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $182.02, for a total value of $9,739,890.20. Following the sale, the insider now directly owns 168,891 shares in the company, valued at $30,741,539.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,842 shares of company stock valued at $13,528,631. 8.10% of the stock is currently owned by corporate insiders.

HEICO Trading Down 1.2 %

Shares of HEICO stock opened at $258.36 on Friday. HEICO Co. has a fifty-two week low of $155.42 and a fifty-two week high of $269.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. The company has a market capitalization of $35.81 billion, a P/E ratio of 75.76, a P/E/G ratio of 3.69 and a beta of 1.22. The company has a fifty day moving average of $251.15 and a 200 day moving average of $227.48.

HEICO (NYSE:HEI) last released its earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.05. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The firm had revenue of $992.20 million during the quarter, compared to analysts’ expectations of $995.34 million. During the same quarter last year, the business posted $0.77 earnings per share. The firm’s revenue was up 37.3% on a year-over-year basis. On average, sell-side analysts anticipate that HEICO Co. will post 3.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HEI has been the topic of a number of research reports. Benchmark restated a “buy” rating and issued a $245.00 price target on shares of HEICO in a research note on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft boosted their price target on HEICO from $235.00 to $271.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Truist Financial increased their price objective on shares of HEICO from $248.00 to $264.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Stifel Nicolaus raised their price objective on shares of HEICO from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Finally, Barclays assumed coverage on shares of HEICO in a research report on Monday, August 19th. They issued an “equal weight” rating and a $250.00 price target on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $263.56.

HEICO Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.