HEICO Co. (NYSE:HEI) Shares Sold by Eos Management L.P.

Eos Management L.P. trimmed its position in HEICO Co. (NYSE:HEI) by 8.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,158 shares of the aerospace company’s stock after selling 620 shares during the quarter. HEICO comprises approximately 0.6% of Eos Management L.P.’s investment portfolio, making the stock its 28th biggest holding. Eos Management L.P.’s holdings in HEICO were worth $1,280,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in shares of HEICO in the third quarter valued at $42,000. Beaumont Financial Advisors LLC acquired a new stake in HEICO in the 4th quarter valued at about $200,000. Sequoia Financial Advisors LLC bought a new position in shares of HEICO during the 4th quarter valued at about $202,000. Anchor Investment Management LLC acquired a new position in shares of HEICO in the 4th quarter worth approximately $203,000. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of HEICO in the 4th quarter worth approximately $214,000. 27.12% of the stock is owned by institutional investors.

HEICO Stock Down 0.2 %

Shares of HEI traded down $0.36 during mid-day trading on Friday, reaching $206.46. The company’s stock had a trading volume of 298,597 shares, compared to its average volume of 370,989. The company has a market cap of $28.57 billion, a price-to-earnings ratio of 67.47, a price-to-earnings-growth ratio of 3.35 and a beta of 1.16. The business has a fifty day moving average of $192.77 and a 200 day moving average of $180.63. The company has a quick ratio of 1.40, a current ratio of 3.17 and a debt-to-equity ratio of 0.75. HEICO Co. has a 1 year low of $153.63 and a 1 year high of $209.65.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. HEICO had a return on equity of 14.35% and a net margin of 13.11%. The firm had revenue of $896.36 million during the quarter, compared to the consensus estimate of $891.32 million. During the same period in the prior year, the business earned $0.67 EPS. The business’s revenue for the quarter was up 44.4% on a year-over-year basis. As a group, analysts forecast that HEICO Co. will post 3.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HEI. Bank of America upgraded shares of HEICO from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research report on Thursday, January 25th. Stifel Nicolaus raised their price objective on HEICO from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Finally, Royal Bank of Canada boosted their target price on HEICO from $210.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $204.50.

Insider Buying and Selling

In other HEICO news, Director Frank J. Schwitter sold 400 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total value of $77,480.00. Following the transaction, the director now owns 1,255 shares in the company, valued at approximately $243,093.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Frank J. Schwitter sold 400 shares of HEICO stock in a transaction 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 completion of the sale, the director now owns 1,255 shares of the company’s stock, valued at $243,093.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alan Schriesheim sold 26,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were 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 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 corporate insiders.

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.