KPP Advisory Services LLC Invests $229,000 in HEICO Co. (NYSE:HEI)

KPP Advisory Services LLC acquired a new stake in HEICO Co. (NYSE:HEI) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 875 shares of the aerospace company’s stock, valued at approximately $229,000.

Other large investors have also bought and sold shares of the company. Andra AP fonden acquired a new position in shares of HEICO in the 2nd quarter worth approximately $45,000. Center for Financial Planning Inc. acquired a new position in shares of HEICO in the second quarter worth about $52,000. American National Bank acquired a new stake in shares of HEICO during the second quarter valued at approximately $66,000. Strategic Financial Concepts LLC purchased a new stake in shares of HEICO in the second quarter valued at $67,000. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of HEICO in the second quarter worth $73,000. Institutional investors own 27.12% of the company’s stock.

HEICO Stock Performance

NYSE HEI opened at $270.41 on Friday. The stock has a market cap of $37.48 billion, a P/E ratio of 79.30, a PEG ratio of 3.32 and a beta of 1.23. The company has a quick ratio of 1.47, a current ratio of 3.30 and a debt-to-equity ratio of 0.63. HEICO Co. has a twelve month low of $167.56 and a twelve month high of $281.15. The company’s 50-day simple moving average is $259.64 and its 200 day simple moving average is $239.23.

HEICO (NYSE:HEI) last posted its earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. The business had revenue of $992.20 million for the quarter, compared to analyst estimates of $995.34 million. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The firm’s quarterly revenue was up 37.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 EPS. As a group, research analysts forecast that HEICO Co. will post 3.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HEI has been the topic of a number of research reports. Robert W. Baird upped their target price on HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Stifel Nicolaus upped their price objective on shares of HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. UBS Group initiated coverage on shares of HEICO in a research note on Tuesday, October 15th. They set a “neutral” rating and a $277.00 target price for the company. Truist Financial upped their target price on HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Morgan Stanley boosted their price target on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $270.70.

Insider Activity

In related news, Director Alan Schriesheim purchased 724 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were acquired at an average cost of $262.94 per share, with a total value of $190,368.56. Following the completion of the purchase, the director now directly owns 174,878 shares of the company’s stock, valued at $45,982,421.32. This trade represents a 0.42 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Victor H. Mendelson bought 726 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were purchased at an average price of $262.94 per share, with a total value of $190,894.44. Following the transaction, the insider now owns 1,234,950 shares of the company’s stock, valued at $324,717,753. The trade was a 0.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 2,650 shares of company stock worth $691,718. Insiders own 8.10% of the company’s stock.

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.