Carderock Capital Management Inc. Increases Stock Holdings in HEICO Co. (NYSE:HEI)

Carderock Capital Management Inc. increased its holdings in HEICO Co. (NYSE:HEIFree Report) by 6.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 28,362 shares of the aerospace company’s stock after purchasing an additional 1,826 shares during the period. Carderock Capital Management Inc.’s holdings in HEICO were worth $5,073,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NBC Securities Inc. purchased a new stake in shares of HEICO in the third quarter valued at $42,000. Harbour Investments Inc. grew its position in shares of HEICO by 41.5% in the second quarter. Harbour Investments Inc. now owns 341 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 100 shares during the period. Janiczek Wealth Management LLC grew its position in shares of HEICO by 18.3% in the third quarter. Janiczek Wealth Management LLC now owns 447 shares of the aerospace company’s stock valued at $72,000 after purchasing an additional 69 shares during the period. Sunbelt Securities Inc. purchased a new stake in shares of HEICO in the first quarter valued at $109,000. Finally, Anchor Investment Management LLC purchased a new stake in shares of HEICO in the fourth quarter valued at $203,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Price Performance

HEI stock opened at $187.95 on Thursday. The firm has a market cap of $26.00 billion, a P/E ratio of 61.42, a price-to-earnings-growth ratio of 3.07 and a beta of 1.16. HEICO Co. has a 1 year low of $153.63 and a 1 year high of $200.64. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.40 and a current ratio of 3.17. The stock has a 50-day simple moving average of $189.57 and a 200-day simple moving average of $176.66.

HEICO (NYSE:HEIGet Free Report) last issued its quarterly earnings results on Monday, February 26th. The aerospace company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The firm had revenue of $896.36 million during the quarter, compared to the consensus estimate of $891.32 million. HEICO had a return on equity of 14.35% and a net margin of 13.11%. HEICO’s revenue for the quarter was up 44.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.67 earnings per share. On average, equities analysts predict that HEICO Co. will post 3.47 earnings per share for the current fiscal year.

Insider Activity at HEICO

In related news, Director Alan Schriesheim sold 26,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the completion of the transaction, the director now owns 155,862 shares of the company’s stock, valued at $29,953,559.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other HEICO news, Director Frank J. Schwitter sold 400 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the transaction, the director now owns 1,255 shares of the company’s stock, valued at approximately $243,093.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alan Schriesheim sold 26,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the transaction, the director now directly owns 155,862 shares in the company, valued at approximately $29,953,559.16. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HEI shares. Bank of America raised HEICO from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research report on Thursday, January 25th. Morgan Stanley downgraded HEICO from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $184.00 to $174.00 in a research report on Wednesday, December 20th. Truist Financial boosted their price target on HEICO from $190.00 to $229.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. William Blair started coverage on HEICO in a research report on Tuesday, December 12th. They set an “outperform” rating for the company. Finally, Royal Bank of Canada boosted their price target on HEICO from $210.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $203.00.

View Our Latest Analysis on HEI

HEICO Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for HEICO (NYSE:HEI)

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