690 Shares in Heico Corporation $HEI Acquired by Phoenix Financial Ltd.

Phoenix Financial Ltd. bought a new position in Heico Corporation (NYSE:HEI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 690 shares of the aerospace company’s stock, valued at approximately $226,000.

Other institutional investors have also added to or reduced their stakes in the company. Ridgewood Investments LLC boosted its position in shares of Heico by 92.0% during the first quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company’s stock valued at $26,000 after buying an additional 46 shares during the last quarter. Costello Asset Management INC purchased a new position in shares of Heico during the 1st quarter worth $27,000. Caitong International Asset Management Co. Ltd lifted its position in Heico by 17,800.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 178 shares in the last quarter. Banque Transatlantique SA lifted its position in shares of 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. purchased a new position in shares of Heico during the 2nd quarter valued at $114,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Heico Stock Up 1.8%

Shares of NYSE HEI opened at $317.55 on Friday. Heico Corporation has a 12-month low of $216.68 and a 12-month high of $338.92. The company has a current ratio of 3.35, a quick ratio of 1.51 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average price is $315.96 and its 200-day moving average price is $300.32. The stock has a market capitalization of $44.21 billion, a price-to-earnings ratio of 69.48, a P/E/G ratio of 3.66 and a beta of 1.08.

Heico (NYSE:HEI) last issued its quarterly earnings data on Monday, August 25th. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts anticipate that Heico Corporation will post 4.2 EPS for the current fiscal year.

Insider Activity at Heico

In other news, Director Alan Schriesheim bought 672 shares of Heico stock in a transaction dated Friday, October 10th. The shares were acquired at an average price of $243.93 per share, with a total value of $163,920.96. Following the completion of the purchase, the director owned 672 shares in the company, valued at $163,920.96. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas M. Culligan acquired 676 shares of Heico stock in a transaction that occurred on Friday, October 10th. The stock was purchased at an average cost of $243.93 per share, for a total transaction of $164,896.68. Following the completion of the transaction, the director directly owned 11,030 shares in the company, valued at $2,690,547.90. This trade represents a 6.53% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 4,448 shares of company stock worth $1,086,933 in the last ninety days. Corporate insiders own 9.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $382.00 target price (up previously from $337.00) on shares of Heico in a report on Wednesday, August 27th. Truist Financial boosted their price target on shares of Heico from $352.00 to $366.00 and gave the stock a “buy” rating in a research note on Wednesday, August 27th. Zacks Research upgraded shares of Heico to a “hold” rating in a research note on Monday, August 11th. Wall Street Zen upgraded Heico from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Finally, Morgan Stanley boosted their target price on Heico from $305.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $346.09.

About Heico

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.