Benjamin Edwards Inc. Buys 70 Shares of HEICO Co. (NYSE:HEI)

Benjamin Edwards Inc. increased its position in shares of HEICO Co. (NYSE:HEI) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,822 shares of the aerospace company’s stock after acquiring an additional 70 shares during the quarter. Benjamin Edwards Inc.’s holdings in HEICO were worth $1,384,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HEI. West Oak Capital LLC increased its position in shares of HEICO by 2,400.0% in the 4th quarter. West Oak Capital LLC now owns 2,750 shares of the aerospace company’s stock valued at $654,000 after buying an additional 2,640 shares in the last quarter. Fortress Financial Solutions LLC acquired a new position in HEICO in the fourth quarter valued at about $263,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of HEICO by 43.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,444 shares of the aerospace company’s stock worth $1,057,000 after acquiring an additional 1,355 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of HEICO during the fourth quarter worth about $220,000. Finally, Fisher Asset Management LLC lifted its holdings in shares of HEICO by 19.1% during the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock valued at $98,791,000 after purchasing an additional 66,583 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director Alan Schriesheim sold 50,000 shares of the business’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 transaction of $11,978,500.00. Following the transaction, the director now directly owns 157,197 shares of the company’s stock, valued at approximately $37,659,685.29. The trade was a 24.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Julie Neitzel sold 700 shares of the firm’s stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total value of $172,361.00. Following the sale, the director now directly owns 418 shares of the company’s stock, valued at $102,924.14. This represents a 62.61 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.55% of the company’s stock.

HEICO Stock Performance

HEI opened at $268.28 on Thursday. The business’s 50-day simple moving average is $255.88 and its 200 day simple moving average is $249.87. HEICO Co. has a 52-week low of $208.04 and a 52-week high of $283.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The firm has a market capitalization of $37.28 billion, a PE ratio of 73.30, a PEG ratio of 3.10 and a beta of 1.05.

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

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.