Heico Corporation $HEI Shares Purchased by PFG Advisors

PFG Advisors increased its holdings in Heico Corporation (NYSE:HEI) by 22.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 15,051 shares of the aerospace company’s stock after purchasing an additional 2,723 shares during the quarter. PFG Advisors’ holdings in Heico were worth $4,937,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HEI. Baker Avenue Asset Management LP acquired a new stake in shares of Heico during the first quarter valued at about $345,000. Global Trust Asset Management LLC lifted its holdings in shares of Heico by 145.2% in the 2nd quarter. Global Trust Asset Management LLC now owns 4,610 shares of the aerospace company’s stock worth $1,512,000 after acquiring an additional 2,730 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Heico during the 1st quarter worth approximately $1,796,000. Eos Management L.P. boosted its position in shares of Heico by 117.0% during the 1st 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 during the period. Finally, Jefferies Financial Group Inc. acquired a new stake in Heico in the 1st quarter valued at approximately $488,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Stifel Nicolaus set a $360.00 price target on Heico in a research note on Tuesday, August 26th. Truist Financial boosted their price objective on Heico from $352.00 to $366.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Bank of America raised their target price on Heico from $355.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. Royal Bank Of Canada set a $350.00 target price on Heico in a research report on Wednesday, August 27th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $382.00 price target (up previously from $337.00) on shares of Heico in a research report on Wednesday, August 27th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Heico presently has an average rating of “Moderate Buy” and a consensus target price of $346.09.

Heico Trading Up 1.8%

NYSE:HEI opened at $323.33 on Friday. Heico Corporation has a 12-month low of $216.68 and a 12-month high of $338.92. The firm has a market cap of $45.01 billion, a PE ratio of 70.75, a price-to-earnings-growth ratio of 3.64 and a beta of 1.08. 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 stock has a fifty day moving average price of $316.83 and a 200 day moving average price of $306.42.

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

Insider Buying and Selling

In other news, Director Julie Neitzel acquired 676 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 $164,896.68. Following the transaction, the director owned 676 shares in the company, valued at approximately $164,896.68. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Adolfo Henriques acquired 676 shares of Heico stock in a transaction dated Friday, October 10th. The stock was purchased at an average price of $243.93 per share, for a total transaction of $164,896.68. Following the completion of the acquisition, the director directly owned 24,069 shares in the company, valued at approximately $5,871,151.17. This represents a 2.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 4,448 shares of company stock valued at $1,086,933 over the last ninety days. 9.55% of the stock is currently owned by corporate insiders.

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.