HEICO Co. (NYSE:HEI) Shares Sold by Bell Bank

Bell Bank lessened its position in HEICO Co. (NYSE:HEI) by 8.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,398 shares of the aerospace company’s stock after selling 700 shares during the period. Bell Bank’s holdings in HEICO were worth $1,934,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HEI. Moody Lynn & Lieberson LLC increased its holdings in HEICO by 1.8% in the third quarter. Moody Lynn & Lieberson LLC now owns 4,186 shares of the aerospace company’s stock valued at $1,095,000 after buying an additional 73 shares in the last quarter. Clear Harbor Asset Management LLC raised its position in HEICO by 0.4% during the second quarter. Clear Harbor Asset Management LLC now owns 22,845 shares of the aerospace company’s stock worth $5,109,000 after acquiring an additional 80 shares during the last quarter. Avalon Capital Management lifted its holdings in shares of HEICO by 3.5% in the second quarter. Avalon Capital Management now owns 3,613 shares of the aerospace company’s stock valued at $808,000 after purchasing an additional 123 shares in the last quarter. Verity Asset Management Inc. lifted its stake in HEICO by 2.2% in the 1st quarter. Verity Asset Management Inc. now owns 6,400 shares of the aerospace company’s stock valued at $1,222,000 after buying an additional 139 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in HEICO by 12.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,437 shares of the aerospace company’s stock valued at $275,000 after buying an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Insider Buying and Selling at HEICO

In other HEICO news, insider Victor H. Mendelson acquired 726 shares of the stock in a transaction on Friday, October 18th. The stock was purchased at an average price of $262.94 per share, for a total transaction of $190,894.44. Following the purchase, the insider now directly owns 1,234,950 shares in the company, valued at $324,717,753. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Victor H. Mendelson purchased 726 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were purchased at an average cost of $262.94 per share, with a total value of $190,894.44. Following the completion of the acquisition, the insider now directly owns 1,234,950 shares of the company’s stock, valued at approximately $324,717,753. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alan Schriesheim sold 332 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $201.63, for a total transaction of $66,941.16. The disclosure for this sale can be found here. Insiders bought a total of 2,650 shares of company stock valued at $691,718 in the last ninety days. Insiders own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HEI shares. UBS Group began coverage on HEICO in a research note on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price objective on the stock. Robert W. Baird lifted their price target on shares of HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Barclays initiated coverage on shares of HEICO in a research note on Monday, August 19th. They set an “equal weight” rating and a $250.00 price objective on the stock. Royal Bank of Canada lifted their target price on shares of HEICO from $250.00 to $272.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Finally, Morgan Stanley increased their price target on HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, HEICO currently has a consensus rating of “Moderate Buy” and an average price target of $270.70.

HEICO Price Performance

HEI stock opened at $273.92 on Thursday. The stock has a 50-day simple moving average of $258.72 and a 200-day simple moving average of $238.30. The firm has a market cap of $37.97 billion, a P/E ratio of 80.33, a price-to-earnings-growth ratio of 3.20 and a beta of 1.23. 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 $167.56 and a 1 year high of $274.10.

HEICO (NYSE:HEI) last posted its quarterly earnings data on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The company 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 business’s quarterly revenue was up 37.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 earnings per share. On average, equities analysts predict that HEICO Co. will post 3.65 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. 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.