Fiduciary Family Office LLC Takes Position in Heico Corporation $HEI

Fiduciary Family Office LLC acquired a new stake in Heico Corporation (NYSE:HEI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 612 shares of the aerospace company’s stock, valued at approximately $201,000.

Other large investors also recently modified their holdings of the company. Ridgewood Investments LLC lifted its position in Heico by 92.0% during the first quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 46 shares during the last quarter. Costello Asset Management INC bought a new stake in Heico during the first quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd lifted its position in Heico by 17,800.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 178 shares during the last quarter. Banque Transatlantique SA lifted its position in Heico by 36.8% during the first quarter. Banque Transatlantique SA now owns 253 shares of the aerospace company’s stock valued at $62,000 after purchasing an additional 68 shares during the last quarter. Finally, Valley National Advisers Inc. bought a new stake in Heico during the second quarter valued at approximately $114,000. 27.12% of the stock is currently owned by institutional investors.

Heico Trading Up 0.6%

Shares of HEI opened at $315.02 on Wednesday. The firm has a market cap of $43.85 billion, a price-to-earnings ratio of 68.93, a PEG ratio of 3.67 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.51 and a current ratio of 3.35. Heico Corporation has a fifty-two week low of $216.68 and a fifty-two week high of $338.92. The firm has a 50 day moving average price of $315.86 and a 200-day moving average price of $299.67.

Heico (NYSE:HEI) last announced its quarterly earnings data on Monday, August 25th. The aerospace company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.14. Heico had a net margin of 14.96% and a return on equity of 16.29%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $0.97 EPS. The business’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, equities research analysts forecast that Heico Corporation will post 4.2 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Thomas M. Culligan bought 676 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The shares were bought at an average cost of $243.93 per share, with a total value of $164,896.68. Following the completion of the purchase, the director directly owned 11,030 shares in the company, valued at $2,690,547.90. This represents a 6.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark H. Hildebrandt bought 676 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The stock was purchased at an average cost of $243.93 per share, for a total transaction of $164,896.68. Following the completion of the purchase, the director owned 49,423 shares of the company’s stock, valued at $12,055,752.39. This trade represents a 1.39% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 4,048 shares of company stock valued at $987,429 over the last quarter. Company insiders own 9.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HEI shares. Royal Bank Of Canada set a $350.00 target price on shares of Heico in a research report on Wednesday, August 27th. Truist Financial lifted their target price on shares of Heico from $352.00 to $366.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. UBS Group lifted their target price on shares of Heico from $346.00 to $375.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Wall Street Zen upgraded shares of Heico from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Finally, Barclays boosted their price objective on shares of Heico from $280.00 to $300.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 2nd. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Heico has a consensus rating of “Moderate Buy” and a consensus price target of $346.09.

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.