Centaurus Financial Inc. Raises Stock Position in HEICO Co. (NYSE:HEI)

Centaurus Financial Inc. boosted its position in shares of HEICO Co. (NYSE:HEI) by 8.9% in the third quarter, HoldingsChannel reports. The fund owned 731 shares of the aerospace company’s stock after purchasing an additional 60 shares during the quarter. Centaurus Financial Inc.’s holdings in HEICO were worth $191,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AGF Management Ltd. lifted its holdings in shares of HEICO by 61.7% during the 2nd quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company’s stock valued at $212,417,000 after purchasing an additional 362,625 shares during the last quarter. Vantage Investment Partners LLC purchased a new stake in HEICO in the second quarter valued at about $26,993,000. Driehaus Capital Management LLC boosted its holdings in HEICO by 66.0% in the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock worth $43,357,000 after acquiring an additional 77,067 shares in the last quarter. EULAV Asset Management grew its stake in shares of HEICO by 23.4% during the first quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company’s stock worth $67,250,000 after acquiring an additional 66,800 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in shares of HEICO during the second quarter valued at about $67,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at HEICO

In related news, Director Alan Schriesheim sold 332 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $201.63, for a total value of $66,941.16. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Frank J. Schwitter bought 475 shares of HEICO stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average cost of $252.26 per share, with a total value of $119,823.50. Following the acquisition, the director now directly owns 1,730 shares of the company’s stock, valued at approximately $436,409.80. The trade was a 37.85 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 2,650 shares of company stock valued at $691,718 in the last three months. 8.10% of the stock is currently owned by company insiders.

HEICO Trading Down 1.6 %

Shares of HEICO stock opened at $271.43 on Thursday. HEICO Co. has a fifty-two week low of $167.56 and a fifty-two week high of $283.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. The company has a market cap of $37.62 billion, a P/E ratio of 79.60, a price-to-earnings-growth ratio of 3.35 and a beta of 1.23. The firm has a 50-day simple moving average of $262.13 and a two-hundred day simple moving average of $242.61.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HEI. Deutsche Bank Aktiengesellschaft upped their price target on shares of HEICO from $235.00 to $271.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Bank of America raised their target price on HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Truist Financial boosted their price target on HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Benchmark restated a “buy” rating and issued a $245.00 price objective on shares of HEICO in a research note on Tuesday, August 27th. Finally, Robert W. Baird upped their target price on HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $270.70.

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.