Heico Corporation $HEI Shares Bought by TFB Advisors LLC

TFB Advisors LLC boosted its holdings in shares of Heico Corporation (NYSE:HEI) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,331 shares of the aerospace company’s stock after buying an additional 61 shares during the period. TFB Advisors LLC’s holdings in Heico were worth $437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Ridgewood Investments LLC increased its position in Heico by 92.0% during the 1st quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company’s stock valued at $26,000 after buying an additional 46 shares in the last quarter. Costello Asset Management INC acquired a new position in Heico during the 1st quarter valued at about $27,000. Caitong International Asset Management Co. Ltd increased its position in Heico by 17,800.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company’s stock valued at $48,000 after buying an additional 178 shares in the last quarter. Banque Transatlantique SA increased its position in Heico by 36.8% during the 1st quarter. Banque Transatlantique SA now owns 253 shares of the aerospace company’s stock valued at $62,000 after buying an additional 68 shares in the last quarter. Finally, Valley National Advisers Inc. acquired a new position in shares of Heico in the second quarter valued at about $114,000. 27.12% of the stock is owned by institutional investors and hedge funds.

Heico Stock Down 1.0%

Shares of HEI opened at $311.94 on Thursday. Heico Corporation has a 52 week low of $216.68 and a 52 week high of $338.92. The company has a quick ratio of 1.51, a current ratio of 3.35 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $43.43 billion, a price-to-earnings ratio of 68.26, a PEG ratio of 3.69 and a beta of 1.08. The stock’s 50-day moving average price is $315.83 and its 200-day moving average price is $299.75.

Heico (NYSE:HEI) last issued its earnings results on Monday, August 25th. The aerospace company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.14. Heico had a return on equity of 16.29% and a net margin of 14.96%.The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. The company’s revenue was up 15.7% compared to the same quarter last year. On average, sell-side analysts predict that Heico Corporation will post 4.2 EPS for the current year.

Insider Transactions at Heico

In other Heico news, Director Carol F. Fine acquired 672 shares of the company’s stock in a transaction on Friday, October 10th. The shares were bought at an average cost of $243.93 per share, with a total value of $163,920.96. Following the completion of the acquisition, the director owned 672 shares in the company, valued at approximately $163,920.96. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark H. Hildebrandt acquired 676 shares of the company’s stock in a transaction on Friday, October 10th. The stock was acquired at an average cost of $243.93 per share, for a total transaction of $164,896.68. Following the completion of the acquisition, the director owned 49,423 shares of the company’s stock, valued at $12,055,752.39. This trade represents a 1.39% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 4,048 shares of company stock valued at $987,429. 9.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HEI has been the subject of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Heico in a report on Tuesday, October 14th. Jefferies Financial Group reiterated a “buy” rating on shares of Heico in a research report on Monday, August 18th. The Goldman Sachs Group reiterated a “buy” rating and issued a $382.00 target price (up previously from $337.00) on shares of Heico in a research report on Wednesday, August 27th. Barclays upped their target price on Heico from $280.00 to $300.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 2nd. Finally, Bank of America upped their target price on Heico from $355.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $346.09.

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.