Keeler Thomas Management LLC Buys Shares of 4,589 Heico Corporation $HEI

Keeler Thomas Management LLC purchased a new stake in shares of Heico Corporation (NYSE:HEI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,589 shares of the aerospace company’s stock, valued at approximately $1,505,000.

A number of other large investors also recently modified their holdings of the business. Ridgewood Investments LLC grew its holdings in Heico by 92.0% during the first quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 46 shares during the period. Costello Asset Management INC acquired a new position in Heico during the first quarter worth about $27,000. Caitong International Asset Management Co. Ltd grew its holdings 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 worth $48,000 after acquiring an additional 178 shares during the period. Banque Transatlantique SA grew its holdings in Heico by 36.8% during the first quarter. Banque Transatlantique SA now owns 253 shares of the aerospace company’s stock worth $62,000 after acquiring an additional 68 shares during the period. Finally, Valley National Advisers Inc. acquired a new position in Heico during the second quarter worth about $114,000. 27.12% of the stock is owned by institutional investors and hedge funds.

Heico Stock Down 0.2%

Shares of Heico stock opened at $317.06 on Friday. The firm has a market cap of $44.14 billion, a price-to-earnings ratio of 69.38, a P/E/G ratio of 3.72 and a beta of 1.08. 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 52-week low of $216.68 and a 52-week high of $338.92. The stock has a 50-day simple moving average of $316.14 and a 200-day simple moving average of $300.86.

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

Insiders Place Their Bets

In related news, Director Julie Neitzel acquired 676 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The shares were acquired at an average cost of $243.93 per share, with a total value of $164,896.68. Following the purchase, the director owned 676 shares of the company’s stock, valued at approximately $164,896.68. The trade was 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 the SEC website. Also, Director Thomas M. Culligan acquired 676 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The stock was bought at an average cost of $243.93 per share, for a total transaction of $164,896.68. Following the completion of the purchase, the director directly owned 11,030 shares in the company, valued at $2,690,547.90. This represents a 6.53% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 4,448 shares of company stock worth $1,086,933 in the last three months. 9.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HEI has been the subject of a number of recent analyst reports. UBS Group increased their price target on Heico from $346.00 to $375.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Bank of America increased their price target on Heico from $355.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Weiss Ratings restated a “buy (b)” rating on shares of Heico in a research report on Tuesday, October 14th. The Goldman Sachs Group restated a “buy” rating and set a $382.00 price objective (up from $337.00) on shares of Heico in a research report on Wednesday, August 27th. Finally, Barclays raised their price objective on Heico from $280.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 2nd. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Heico currently has an average rating of “Moderate Buy” and a consensus 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.