Heico Corporation $HEI Shares Sold by LJI Wealth Management LLC

LJI Wealth Management LLC reduced its position in shares of Heico Corporation (NYSE:HEI) by 7.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,750 shares of the aerospace company’s stock after selling 150 shares during the period. LJI Wealth Management LLC’s holdings in Heico were worth $574,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Artemis Investment Management LLP acquired a new position in shares of Heico during the first quarter worth $7,612,000. Baker Avenue Asset Management LP acquired a new position in shares of Heico during the first quarter worth $345,000. Freedom Day Solutions LLC acquired a new position in shares of Heico during the first quarter worth $2,653,000. Global Trust Asset Management LLC lifted its position in shares of Heico by 145.2% during the second quarter. Global Trust Asset Management LLC now owns 4,610 shares of the aerospace company’s stock worth $1,512,000 after purchasing an additional 2,730 shares in the last quarter. Finally, Eos Management L.P. lifted its position in shares of Heico by 117.0% during the first quarter. Eos Management L.P. now owns 15,534 shares of the aerospace company’s stock worth $4,151,000 after purchasing an additional 8,376 shares in the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on HEI shares. The Goldman Sachs Group reissued a “buy” rating and set a $382.00 target price (up from $337.00) on shares of Heico in a research report on Wednesday, August 27th. Stifel Nicolaus set a $360.00 price target on shares of Heico in a research note on Tuesday, August 26th. Robert W. Baird lifted their price target on shares of Heico from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. Truist Financial lifted 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. Finally, Royal Bank Of Canada set a $350.00 price target on shares of Heico in a research note on Wednesday, August 27th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $346.09.

Heico Stock Up 1.8%

HEI stock opened at $317.55 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.35 and a quick ratio of 1.51. Heico Corporation has a 1-year low of $216.68 and a 1-year high of $338.92. The firm has a fifty day moving average price of $315.96 and a two-hundred day moving average price of $300.32. The firm has a market cap of $44.21 billion, a price-to-earnings ratio of 69.48, a PEG ratio of 3.66 and a beta of 1.08.

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

Insider Activity

In other Heico news, Director Carol F. Fine bought 672 shares of the stock in a transaction on Friday, October 10th. The stock was purchased at an average price of $243.93 per share, for a total transaction of $163,920.96. Following the completion of the purchase, the director directly owned 672 shares in the company, valued at approximately $163,920.96. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark H. Hildebrandt purchased 400 shares of the stock in a transaction dated Tuesday, October 21st. The shares were purchased at an average price of $248.76 per share, with a total value of $99,504.00. Following the transaction, the director directly owned 1,181 shares of the company’s stock, valued at approximately $293,785.56. The trade was a 51.22% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 4,448 shares of company stock valued at $1,086,933 over the last quarter. 9.55% of the stock is owned by company 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.