Strategic Wealth Advisors Group LLC Purchases New Holdings in Heico Corp (NYSE:HEI)

Strategic Wealth Advisors Group LLC purchased a new stake in Heico Corp (NYSE:HEI) in the 3rd quarter, HoldingsChannel reports. The fund purchased 11,716 shares of the aerospace company’s stock, valued at approximately $1,463,000.

Other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its stake in Heico by 4.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 2,238 shares of the aerospace company’s stock valued at $299,000 after buying an additional 94 shares during the last quarter. PFG Advisors grew its stake in Heico by 1.0% in the 2nd quarter. PFG Advisors now owns 9,720 shares of the aerospace company’s stock valued at $1,348,000 after buying an additional 100 shares during the last quarter. Verity Asset Management Inc. grew its stake in Heico by 2.5% in the 3rd quarter. Verity Asset Management Inc. now owns 5,067 shares of the aerospace company’s stock valued at $633,000 after buying an additional 122 shares during the last quarter. Wedbush Securities Inc. grew its stake in Heico by 7.9% in the 3rd quarter. Wedbush Securities Inc. now owns 1,974 shares of the aerospace company’s stock valued at $247,000 after buying an additional 144 shares during the last quarter. Finally, Blue Chip Wealth Management Inc. grew its stake in Heico by 8.2% in the 3rd quarter. Blue Chip Wealth Management Inc. now owns 2,115 shares of the aerospace company’s stock valued at $264,000 after buying an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 25.56% of the company’s stock.

A number of research analysts recently issued reports on the stock. Robert W. Baird raised their target price on shares of Heico from $125.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Canaccord Genuity raised their target price on shares of Heico from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Barclays reissued a “neutral” rating and issued a $72.00 price target on shares of Heico in a report on Thursday, October 17th. Morgan Stanley reissued a “neutral” rating and issued a $77.00 price target on shares of Heico in a report on Friday. Finally, UBS Group reissued a “buy” rating and issued a $73.00 price target on shares of Heico in a report on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. Heico currently has a consensus rating of “Buy” and a consensus price target of $110.08.

In other Heico news, insider Eric A. Mendelson acquired 949 shares of Heico stock in a transaction dated Tuesday, October 29th. The stock was bought at an average cost of $120.70 per share, with a total value of $114,544.30. Following the acquisition, the insider now owns 1,198,939 shares of the company’s stock, valued at $144,711,937.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank J. Schwitter acquired 1,210 shares of Heico stock in a transaction dated Monday, October 28th. The shares were acquired at an average cost of $94.82 per share, with a total value of $114,732.20. Following the completion of the acquisition, the director now directly owns 1,313 shares in the company, valued at approximately $124,498.66. The disclosure for this purchase can be found here. 9.23% of the stock is owned by corporate insiders.

Heico stock traded up $0.26 during mid-day trading on Friday, reaching $121.69. The company had a trading volume of 333,991 shares, compared to its average volume of 469,676. The company has a quick ratio of 1.44, a current ratio of 2.98 and a debt-to-equity ratio of 0.39. Heico Corp has a 52 week low of $71.47 and a 52 week high of $147.93. The company has a 50 day moving average of $122.85 and a 200-day moving average of $126.18. The firm has a market cap of $16.38 billion, a price-to-earnings ratio of 67.23, a PEG ratio of 3.44 and a beta of 0.57.

Heico (NYSE:HEI) last issued its quarterly earnings results on Tuesday, August 27th. The aerospace company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Heico had a net margin of 15.55% and a return on equity of 18.58%. The firm had revenue of $532.32 million during the quarter, compared to the consensus estimate of $510.67 million. During the same period in the prior year, the firm earned $0.49 EPS. The business’s revenue was up 14.3% on a year-over-year basis. On average, analysts predict that Heico Corp will post 2.31 earnings per share for the current fiscal 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. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.

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Institutional Ownership by Quarter for Heico (NYSE:HEI)

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