SG Capital Management LLC Acquires 12,251 Shares of HEICO Co. (NYSE:HEI)

SG Capital Management LLC raised its stake in shares of HEICO Co. (NYSE:HEI) by 57.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,609 shares of the aerospace company’s stock after buying an additional 12,251 shares during the period. HEICO accounts for approximately 0.8% of SG Capital Management LLC’s portfolio, making the stock its 28th biggest holding. SG Capital Management LLC’s holdings in HEICO were worth $7,990,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research analysts recently commented on the stock. 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. William Blair reaffirmed an “outperform” rating on shares of HEICO in a research report on Tuesday, March 25th. KeyCorp assumed coverage on HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating for the company. Finally, Wells Fargo & Company initiated coverage on HEICO in a research report on Tuesday, April 15th. They issued an “equal weight” rating and a $244.00 price target on the stock. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, HEICO has an average rating of “Moderate Buy” and a consensus target price of $267.36.

HEICO Price Performance

Shares of HEI stock opened at $275.36 on Friday. HEICO Co. has a 52 week low of $211.92 and a 52 week high of $283.60. The stock has a market capitalization of $38.26 billion, a PE ratio of 75.23, a PEG ratio of 3.10 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The stock’s fifty day moving average is $256.48 and its 200-day moving average is $250.46.

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

Insider Activity

In related news, Director Julie Neitzel sold 700 shares of the 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 transaction, the director now directly owns 418 shares in the company, valued at $102,924.14. This represents a 62.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Alan Schriesheim sold 50,000 shares of HEICO stock in a transaction on 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 sale, the director now directly owns 157,197 shares of the company’s stock, valued at $37,659,685.29. This represents a 24.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 9.55% of the company’s stock.

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.