GM Advisory Group LLC Has $771,000 Stake in HEICO Co. (NYSE:HEI)

GM Advisory Group LLC grew its holdings in shares of HEICO Co. (NYSE:HEI) by 48.7% in the 3rd quarter, Holdings Channel reports. The fund owned 2,948 shares of the aerospace company’s stock after buying an additional 965 shares during the period. GM Advisory Group LLC’s holdings in HEICO were worth $771,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new position in HEICO during the first quarter worth about $2,796,000. Driehaus Capital Management LLC increased its stake in shares of HEICO by 66.0% in the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after buying an additional 77,067 shares during the period. AdvisorShares Investments LLC increased its stake in shares of HEICO by 7.4% in the second quarter. AdvisorShares Investments LLC now owns 32,593 shares of the aerospace company’s stock valued at $7,190,000 after buying an additional 2,244 shares during the period. Virtu Financial LLC increased its stake in shares of HEICO by 148.8% in the first quarter. Virtu Financial LLC now owns 5,449 shares of the aerospace company’s stock valued at $1,041,000 after buying an additional 3,259 shares during the period. Finally, Bright Rock Capital Management LLC acquired a new position in shares of HEICO in the third quarter valued at approximately $1,830,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

HEI has been the subject of several recent research reports. Morgan Stanley upped their price objective on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Bank of America raised their price objective on shares of HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Royal Bank of Canada raised their price objective on shares of HEICO from $250.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Truist Financial raised their price objective on shares of HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Stifel Nicolaus raised their price objective on shares of HEICO from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. 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 has a consensus rating of “Moderate Buy” and a consensus price target of $270.70.

Insider Buying and Selling at HEICO

In other news, Director Alan Schriesheim sold 332 shares of HEICO 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Laurans A. Mendelson bought 725 shares of the stock in a transaction dated Friday, October 18th. The shares were acquired at an average price of $262.94 per share, for a total transaction of $190,631.50. Following the completion of the purchase, the chief executive officer now directly owns 929,984 shares in the company, valued at approximately $244,529,992.96. This trade represents a 0.08 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 2,650 shares of company stock worth $691,718. Corporate insiders own 8.10% of the company’s stock.

HEICO Stock Performance

NYSE HEI opened at $279.14 on Friday. The company has a fifty day simple moving average of $261.57 and a 200 day simple moving average of $241.28. HEICO Co. has a 12-month low of $167.56 and a 12-month high of $282.82. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. The company has a market cap of $38.69 billion, a P/E ratio of 81.86, a PEG ratio of 3.36 and a beta of 1.23.

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

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.