Alan Schriesheim Buys 724 Shares of HEICO Co. (NYSE:HEI) Stock

HEICO Co. (NYSE:HEI) Director Alan Schriesheim purchased 724 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was acquired at an average cost of $262.94 per share, with a total value of $190,368.56. Following 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 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alan Schriesheim also recently made the following trade(s):

• On Monday, October 7th, Alan Schriesheim sold 332 shares of HEICO stock. The stock was sold at an average price of $201.63, for a total transaction of $66,941.16.

HEICO Stock Up 0.1 %

NYSE:HEI opened at $261.10 on Tuesday. The firm has a 50-day simple moving average of $255.17 and a two-hundred day simple moving average of $231.13. The firm has a market cap of $36.16 billion, a P/E ratio of 82.11, a P/E/G ratio of 3.69 and a beta of 1.22. HEICO Co. has a fifty-two week low of $155.42 and a fifty-two week high of $269.38. 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 (NYSE:HEI) last announced its quarterly earnings data on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The company had revenue of $992.20 million during the quarter, compared to analyst estimates of $995.34 million. During the same period in the previous year, the business earned $0.77 EPS. The firm’s revenue for the quarter was up 37.3% on a year-over-year basis. Analysts predict that HEICO Co. will post 3.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on HEI. Robert W. Baird raised their price objective on shares of HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Stifel Nicolaus raised their target price on HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft upped their price target on HEICO from $235.00 to $271.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Truist Financial raised their price objective on HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research report on Friday. Finally, Royal Bank of Canada increased their price target 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. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, HEICO currently has an average rating of “Moderate Buy” and a consensus price target of $270.70.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. AGF Management Ltd. increased its holdings in HEICO by 61.7% in the 2nd quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company’s stock worth $212,417,000 after buying an additional 362,625 shares in the last quarter. EULAV Asset Management lifted its stake in HEICO by 23.4% during the 1st quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company’s stock valued at $67,250,000 after acquiring an additional 66,800 shares during the period. TCW Group Inc. boosted its holdings in shares of HEICO by 3.0% during the 2nd quarter. TCW Group Inc. now owns 200,008 shares of the aerospace company’s stock valued at $44,724,000 after acquiring an additional 5,779 shares during the last quarter. Driehaus Capital Management LLC grew 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 worth $43,357,000 after acquiring an additional 77,067 shares during the period. Finally, Vantage Investment Partners LLC purchased a new position in shares of HEICO during the second quarter valued at approximately $26,993,000. 27.12% of the stock is owned by institutional investors.

About HEICO

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.