Praxis Investment Management Inc. Has $3.97 Million Stock Position in Heico Corporation $HEI

Praxis Investment Management Inc. boosted its holdings in Heico Corporation (NYSE:HEI) by 39.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,282 shares of the aerospace company’s stock after buying an additional 3,452 shares during the quarter. Praxis Investment Management Inc.’s holdings in Heico were worth $3,965,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Avalon Capital Management lifted its holdings in shares of Heico by 0.9% in the second quarter. Avalon Capital Management now owns 3,895 shares of the aerospace company’s stock worth $1,278,000 after acquiring an additional 33 shares during the last quarter. Ridgewood Investments LLC grew its holdings in shares of Heico by 36.5% during the 2nd quarter. Ridgewood Investments LLC now owns 131 shares of the aerospace company’s stock valued at $43,000 after purchasing an additional 35 shares during the last quarter. Barrett & Company Inc. increased its position in Heico by 1.6% during the 2nd quarter. Barrett & Company Inc. now owns 3,216 shares of the aerospace company’s stock worth $1,055,000 after purchasing an additional 50 shares in the last quarter. Emerald Advisers LLC lifted its stake in Heico by 1.9% in the 2nd quarter. Emerald Advisers LLC now owns 3,000 shares of the aerospace company’s stock valued at $984,000 after purchasing an additional 56 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its position in Heico by 1.4% in the second quarter. Moody Lynn & Lieberson LLC now owns 4,230 shares of the aerospace company’s stock valued at $1,387,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

Heico Trading Down 1.5%

Shares of HEI stock opened at $310.61 on Monday. Heico Corporation has a 1-year low of $216.68 and a 1-year high of $338.92. 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 market cap of $43.24 billion, a price-to-earnings ratio of 67.97, a PEG ratio of 3.05 and a beta of 1.04. The stock has a 50-day moving average of $313.87 and a 200-day moving average of $315.21.

Insider Buying and Selling at Heico

In other news, Director Julie Neitzel purchased 676 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 $164,896.68. Following the acquisition, the director owned 676 shares in the company, valued at $164,896.68. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas M. Culligan purchased 676 shares of the company’s 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 transaction, the director directly owned 11,030 shares in the company, valued at approximately $2,690,547.90. This trade represents a 6.53% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 4,448 shares of company stock worth $1,086,933. Company insiders own 9.55% of the company’s stock.

Wall Street Analyst Weigh In

HEI has been the subject of several research analyst reports. Stifel Nicolaus set a $360.00 price target on shares of Heico in a report on Tuesday, August 26th. Jefferies Financial Group restated a “buy” rating on shares of Heico in a research report on Monday, August 18th. Robert W. Baird increased their target price on Heico from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Bank of America upped their price objective on Heico from $355.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Finally, Wall Street Zen upgraded shares of Heico from a “hold” rating to a “buy” rating in a research report on Saturday. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $345.29.

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.