Benjamin F. Edwards & Company Inc. Increases Position in HEICO Co. (NYSE:HEI)

Benjamin F. Edwards & Company Inc. increased its stake in shares of HEICO Co. (NYSE:HEI) by 127.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,551 shares of the aerospace company’s stock after purchasing an additional 2,552 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in HEICO were worth $814,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HEI. Bahl & Gaynor Inc. lifted its holdings in shares of HEICO by 33.3% during the 4th quarter. Bahl & Gaynor Inc. now owns 3,823 shares of the aerospace company’s stock valued at $684,000 after purchasing an additional 955 shares during the last quarter. Semanteon Capital Management LP purchased a new stake in shares of HEICO during the fourth quarter worth about $304,000. Cutter & CO Brokerage Inc. raised its position in shares of HEICO by 0.9% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 48,050 shares of the aerospace company’s stock valued at $8,595,000 after purchasing an additional 443 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in HEICO by 2.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,174 shares of the aerospace company’s stock worth $1,462,000 after purchasing an additional 227 shares in the last quarter. Finally, National Wealth Management Group LLC acquired a new stake in HEICO during the 4th quarter worth about $393,000. 27.12% of the stock is currently owned by institutional investors.

Insider Transactions at HEICO

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. 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 research note on Thursday, January 25th. Royal Bank of Canada raised their target price on shares of HEICO from $210.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Finally, Stifel Nicolaus upped their price target on HEICO from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, HEICO presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.00.

HEICO Price Performance

HEI stock opened at $208.44 on Wednesday. HEICO Co. has a 52-week low of $153.63 and a 52-week high of $213.63. The business has a fifty day moving average of $194.63 and a two-hundred day moving average of $183.07. The stock has a market cap of $28.84 billion, a price-to-earnings ratio of 68.12, a price-to-earnings-growth ratio of 3.46 and a beta of 1.11. The company has a quick ratio of 1.40, a current ratio of 3.17 and a debt-to-equity ratio of 0.75.

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

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.