Julie Neitzel Sells 700 Shares of HEICO Co. (NYSE:HEI) Stock

HEICO Co. (NYSE:HEI) Director Julie Neitzel sold 700 shares of HEICO stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total transaction of $172,361.00. Following the sale, the director now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

HEICO Price Performance

Shares of HEICO stock opened at $247.16 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. HEICO Co. has a one year low of $205.82 and a one year high of $283.60. The business’s 50 day simple moving average is $252.26 and its two-hundred day simple moving average is $250.15. The stock has a market capitalization of $34.34 billion, a P/E ratio of 67.53, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07.

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

Institutional Trading of HEICO

Institutional investors have recently modified their holdings of the company. West Oak Capital LLC raised its position in HEICO by 2,400.0% during the 4th quarter. West Oak Capital LLC now owns 2,750 shares of the aerospace company’s stock valued at $654,000 after purchasing an additional 2,640 shares during the last quarter. Fortress Financial Solutions LLC bought a new position in shares of HEICO during the fourth quarter valued at approximately $263,000. Hennion & Walsh Asset Management Inc. lifted its stake in 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 during the period. EntryPoint Capital LLC purchased a new stake in HEICO in the fourth quarter worth $220,000. Finally, Fisher Asset Management LLC boosted its holdings in HEICO by 19.1% in the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock valued at $98,791,000 after acquiring an additional 66,583 shares in the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.