Heico Corporation $HEI Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. decreased its position in Heico Corporation (NYSE:HEI) by 31.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 851 shares of the aerospace company’s stock after selling 387 shares during the period. Montag A & Associates Inc.’s holdings in Heico were worth $279,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Ridgewood Investments LLC grew its position in Heico by 92.0% in the first quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 46 shares during the period. Costello Asset Management INC acquired a new position in shares of Heico in the 1st quarter valued at $27,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Heico by 17,800.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company’s stock worth $48,000 after purchasing an additional 178 shares during the period. Banque Transatlantique SA increased its position in shares of Heico by 36.8% during the 1st quarter. Banque Transatlantique SA now owns 253 shares of the aerospace company’s stock worth $62,000 after purchasing an additional 68 shares during the last quarter. Finally, Andra AP fonden purchased a new stake in Heico in the 2nd quarter valued at about $66,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Heico Price Performance

Heico stock opened at $326.15 on Thursday. The company has a quick ratio of 1.51, a current ratio of 3.35 and a debt-to-equity ratio of 0.58. Heico Corporation has a 52-week low of $216.68 and a 52-week high of $338.92. The firm has a market cap of $45.40 billion, a PE ratio of 71.37, a price-to-earnings-growth ratio of 3.64 and a beta of 1.08. The company’s 50 day moving average is $317.63 and its two-hundred day moving average is $308.17.

Heico (NYSE:HEI) last posted 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. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.11 billion. Heico had a return on equity of 16.29% and a net margin of 14.96%.The company’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. On average, research analysts expect that Heico Corporation will post 4.2 EPS for the current fiscal year.

Insider Activity at Heico

In related news, Director Julie Neitzel acquired 676 shares of the stock in a transaction dated Friday, October 10th. The stock was acquired at an average cost of $243.93 per share, with a total value of $164,896.68. Following the completion of the transaction, the director owned 676 shares in the company, valued at $164,896.68. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas M. Culligan bought 676 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The shares were purchased at an average price of $243.93 per share, for a total transaction of $164,896.68. Following the completion of the purchase, the director directly owned 11,030 shares of the company’s stock, valued at approximately $2,690,547.90. This trade represents a 6.53% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 4,448 shares of company stock worth $1,086,933 over the last quarter. 9.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

HEI has been the subject of several research analyst reports. Morgan Stanley increased their target price on shares of Heico from $305.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. Barclays increased their price objective on shares of Heico from $280.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Heico in a research report on Wednesday, November 5th. Jefferies Financial Group restated a “buy” rating on shares of Heico in a research note on Monday, August 18th. Finally, Zacks Research raised Heico to a “hold” rating in a research note on Monday, August 11th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Heico currently has an average rating of “Moderate Buy” and a consensus price target of $346.09.

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.