Heico (NYSE:HEI) CAO Sells 1,326 Shares

Heico Corporation (NYSE:HEI) CAO Bradley Rowen sold 1,326 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total transaction of $320,401.38. The sale was disclosed in a document filed with the SEC, which is available at this link.

Heico Price Performance

NYSE:HEI traded up $6.91 on Thursday, reaching $327.79. The stock had a trading volume of 117,005 shares, compared to its average volume of 657,815. The company has a quick ratio of 1.36, a current ratio of 2.92 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $45.78 billion, a P/E ratio of 58.53, a price-to-earnings-growth ratio of 3.48 and a beta of 1.03. Heico Corporation has a 1-year low of $256.11 and a 1-year high of $361.69. The stock has a fifty day moving average price of $295.19 and a 200-day moving average price of $312.26.

Heico (NYSE:HEI) last posted its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.33. Heico had a net margin of 16.08% and a return on equity of 17.52%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business posted $1.12 earnings per share. The company’s revenue was up 25.3% on a year-over-year basis. Research analysts forecast that Heico Corporation will post 5.78 EPS for the current year.

Hedge Funds Weigh In On Heico

Several large investors have recently bought and sold shares of HEI. Acadian Asset Management LLC raised its holdings in Heico by 216.7% in the first quarter. Acadian Asset Management LLC now owns 1,381 shares of the aerospace company’s stock worth $368,000 after purchasing an additional 945 shares during the period. Worldquant Millennium Advisors LLC acquired a new stake in Heico during the 2nd quarter worth $2,338,000. PDT Partners LLC lifted its holdings in Heico by 52.6% during the second quarter. PDT Partners LLC now owns 39,019 shares of the aerospace company’s stock worth $12,798,000 after acquiring an additional 13,443 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Heico by 10.8% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,794 shares of the aerospace company’s stock worth $1,572,000 after acquiring an additional 468 shares in the last quarter. Finally, IHT Wealth Management LLC grew its stake in Heico by 2.1% in the second quarter. IHT Wealth Management LLC now owns 5,717 shares of the aerospace company’s stock valued at $1,875,000 after acquiring an additional 117 shares during the period. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HEI has been the topic of several research reports. Truist Financial upgraded shares of Heico to a “strong-buy” rating in a research report on Friday, May 1st. Wells Fargo & Company set a $350.00 target price on shares of Heico and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Wall Street Zen raised shares of Heico from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Susquehanna raised their price target on shares of Heico from $321.00 to $365.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Finally, BNP Paribas Exane raised Heico from a “neutral” rating to an “outperform” rating in a report on Friday, February 27th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $371.63.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.