West Oak Capital LLC Acquires 2,640 Shares of HEICO Co. (NYSE:HEI)

West Oak Capital LLC lifted its stake in shares of HEICO Co. (NYSE:HEI) by 2,400.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,750 shares of the aerospace company’s stock after purchasing an additional 2,640 shares during the quarter. West Oak Capital LLC’s holdings in HEICO were worth $654,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Morse Asset Management Inc grew its holdings in HEICO by 0.6% during the third quarter. Morse Asset Management Inc now owns 6,207 shares of the aerospace company’s stock valued at $1,623,000 after purchasing an additional 38 shares during the period. Centaurus Financial Inc. grew its stake in HEICO by 8.9% during the third quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock valued at $191,000 after acquiring an additional 60 shares in the last quarter. Moody Lynn & Lieberson LLC raised its position in shares of HEICO by 1.8% in the third quarter. Moody Lynn & Lieberson LLC now owns 4,186 shares of the aerospace company’s stock worth $1,095,000 after buying an additional 73 shares in the last quarter. MGB Wealth Management LLC grew its holdings in shares of HEICO by 3.6% during the third quarter. MGB Wealth Management LLC now owns 2,900 shares of the aerospace company’s stock worth $758,000 after purchasing an additional 100 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in HEICO by 6.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,719 shares of the aerospace company’s stock worth $451,000 after buying an additional 106 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors.

Insider Activity

In other HEICO news, insider Victor H. Mendelson purchased 726 shares of the business’s stock in a transaction on Friday, October 18th. The stock was acquired at an average price of $262.94 per share, for a total transaction of $190,894.44. Following the purchase, the insider now owns 1,234,950 shares of the company’s stock, valued at approximately $324,717,753. This represents a 0.06 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alan Schriesheim acquired 724 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was acquired at an average cost of $262.94 per share, with a total value of $190,368.56. Following the purchase, the director now owns 174,878 shares of the company’s stock, valued at approximately $45,982,421.32. This trade represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 2,175 shares of company stock valued at $571,895 in the last 90 days. Company insiders own 8.10% of the company’s stock.

HEICO Stock Performance

Shares of HEI stock traded down $1.66 on Friday, reaching $225.73. The stock had a trading volume of 743,726 shares, compared to its average volume of 833,404. The stock has a market cap of $31.34 billion, a P/E ratio of 66.20, a price-to-earnings-growth ratio of 3.12 and a beta of 1.28. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. HEICO Co. has a 1 year low of $169.78 and a 1 year high of $283.60. The company has a 50 day simple moving average of $255.45 and a 200 day simple moving average of $248.69.

HEICO (NYSE:HEI) last released its quarterly earnings results on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.97 by $0.02. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts expect that HEICO Co. will post 3.64 EPS for the current year.

HEICO Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a $0.11 dividend. The ex-dividend date is Friday, January 3rd. This represents a yield of 0.1%. HEICO’s payout ratio is presently 6.01%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. UBS Group assumed coverage on shares of HEICO in a research report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price target on the stock. Truist Financial upped their price objective on shares of HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft reduced their price target on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Bank of America boosted their price target on HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, Morgan Stanley boosted their target price on HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, HEICO presently has an average rating of “Moderate Buy” and an average price target of $270.20.

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.