National Wealth Management Group LLC Takes Position in HEICO Co. (NYSE:HEI)

National Wealth Management Group LLC bought a new stake in HEICO Co. (NYSE:HEI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,197 shares of the aerospace company’s stock, valued at approximately $393,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Federated Hermes Inc. increased its position in HEICO by 8.3% in the fourth quarter. Federated Hermes Inc. now owns 567,103 shares of the aerospace company’s stock worth $101,438,000 after purchasing an additional 43,509 shares during the period. Wolverine Asset Management LLC increased its position in HEICO by 114.3% in the third quarter. Wolverine Asset Management LLC now owns 15,000 shares of the aerospace company’s stock worth $2,429,000 after purchasing an additional 8,000 shares during the period. Azimuth Capital Investment Management LLC acquired a new stake in HEICO in the third quarter worth about $6,908,000. Dynamo Internacional Gestao DE Recursos LTDA. increased its position in HEICO by 27.3% in the third quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 80,726 shares of the aerospace company’s stock worth $13,072,000 after purchasing an additional 17,323 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in HEICO in the third quarter worth about $705,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HEI shares. Stifel Nicolaus raised their target price on HEICO from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Bank of America upgraded HEICO from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Thursday, January 25th. Finally, Royal Bank of Canada lifted their price objective on HEICO from $210.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $204.50.

HEICO Stock Performance

Shares of HEI stock traded up $2.36 during trading on Monday, reaching $199.46. 297,538 shares of the company’s stock were exchanged, compared to its average volume of 374,169. The company has a quick ratio of 1.40, a current ratio of 3.17 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $27.60 billion, a PE ratio of 65.18, a PEG ratio of 3.22 and a beta of 1.16. HEICO Co. has a twelve month low of $153.63 and a twelve month high of $200.64. The firm’s fifty day moving average price is $191.70 and its 200-day moving average price is $179.68.

HEICO (NYSE:HEI) last posted its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. The firm had revenue of $896.36 million for the quarter, compared to analysts’ expectations of $891.32 million. HEICO had a return on equity of 14.35% and a net margin of 13.11%. The company’s quarterly revenue was up 44.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS. As a group, sell-side analysts anticipate that HEICO Co. will post 3.47 EPS for the current year.

Insider Buying and Selling at HEICO

In other HEICO news, Director Frank J. Schwitter sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the completion of the sale, the director now owns 1,255 shares of the company’s stock, valued at $243,093.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Frank J. Schwitter sold 400 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the sale, the director now directly owns 1,255 shares in the company, valued at approximately $243,093.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Alan Schriesheim sold 26,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the transaction, the director now owns 155,862 shares of the company’s stock, valued at $29,953,559.16. The disclosure for this sale can be found here. Insiders own 8.10% of the company’s stock.

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.