Graham Capital Management L.P. Raises Stake in HEICO Co. (NYSE:HEI)

Graham Capital Management L.P. grew its stake in shares of HEICO Co. (NYSE:HEI) by 122.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,900 shares of the aerospace company’s stock after purchasing an additional 4,900 shares during the quarter. Graham Capital Management L.P.’s holdings in HEICO were worth $2,116,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Compass Financial Services Inc purchased a new stake in shares of HEICO during the fourth quarter valued at $26,000. Banque Transatlantique SA bought a new stake in shares of HEICO in the fourth quarter valued at about $44,000. Berbice Capital Management LLC bought a new stake in shares of HEICO in the fourth quarter valued at about $95,000. SBI Securities Co. Ltd. bought a new stake in shares of HEICO in the fourth quarter valued at about $135,000. Finally, Householder Group Estate & Retirement Specialist LLC raised its holdings in shares of HEICO by 476.3% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock valued at $156,000 after acquiring an additional 543 shares in the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

HEICO Stock Performance

HEI opened at $264.13 on Monday. HEICO Co. has a 52-week low of $208.44 and a 52-week high of $283.60. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. The company has a market cap of $36.70 billion, a P/E ratio of 72.17, a price-to-earnings-growth ratio of 3.10 and a beta of 1.05. The firm’s 50-day moving average price is $255.91 and its 200-day moving average price is $249.92.

HEICO (NYSE:HEI) last posted its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.27. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. As a group, equities analysts anticipate that HEICO Co. will post 4.2 EPS for the current fiscal year.

Insider Activity at HEICO

In other HEICO news, Director Julie Neitzel sold 700 shares of the company’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total value of $172,361.00. Following the sale, the director now owns 418 shares in the company, valued at approximately $102,924.14. This represents a 62.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Alan Schriesheim sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total value of $11,978,500.00. Following the completion of the sale, the director now owns 157,197 shares in the company, valued at approximately $37,659,685.29. This represents a 24.13% decrease in their position. The disclosure for this sale can be found here. 9.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HEI has been the subject of several recent research reports. Wells Fargo & Company initiated coverage on HEICO in a report on Tuesday, April 15th. They issued an “equal weight” rating and a $244.00 price objective for the company. Truist Financial decreased their price objective on HEICO from $294.00 to $277.00 and set a “buy” rating for the company in a report on Thursday, April 17th. KeyCorp initiated coverage on HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating for the company. Finally, William Blair restated an “outperform” rating on shares of HEICO in a report on Tuesday, March 25th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $267.36.

HEICO Company 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.