SG Capital Management LLC Has $7.99 Million Position in HEICO Co. (NYSE:HEI)

SG Capital Management LLC grew its position in HEICO Co. (NYSE:HEI) by 57.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,609 shares of the aerospace company’s stock after purchasing an additional 12,251 shares during the period. HEICO comprises about 0.8% of SG Capital Management LLC’s portfolio, making the stock its 28th largest position. SG Capital Management LLC’s holdings in HEICO were worth $7,990,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Compass Financial Services Inc bought a new stake in shares of HEICO in the 4th quarter valued at $26,000. Banque Transatlantique SA acquired a new position in HEICO in the fourth quarter valued at about $44,000. Berbice Capital Management LLC acquired a new stake in shares of HEICO during the fourth quarter worth about $95,000. SBI Securities Co. Ltd. bought a new position in shares of HEICO during the 4th quarter valued at about $135,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its position in shares of HEICO by 476.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock valued at $156,000 after purchasing an additional 543 shares during the period. 27.12% of the stock is owned by institutional investors.

HEICO Stock Up 2.2%

HEI stock opened at $275.36 on Friday. The company has a market cap of $38.26 billion, a price-to-earnings ratio of 75.23, a P/E/G ratio of 3.10 and a beta of 1.05. HEICO Co. has a twelve month low of $211.92 and a twelve month high of $283.60. The business has a 50 day moving average price of $256.48 and a two-hundred day moving average price of $250.46. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI) last issued its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.27. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. Analysts anticipate that HEICO Co. will post 4.2 EPS for the current fiscal year.

Insider Activity

In related news, Director Alan Schriesheim sold 50,000 shares of HEICO stock in a transaction dated 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 completion of the transaction, the director now owns 157,197 shares in the company, valued at approximately $37,659,685.29. This trade represents a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Julie Neitzel sold 700 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 418 shares of the company’s stock, valued at approximately $102,924.14. The trade was a 62.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.