Heico Corporation $HEI Shares Acquired by Snider Financial Group

Snider Financial Group lifted its position in shares of Heico Corporation (NYSE:HEI) by 19.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 18,639 shares of the aerospace company’s stock after purchasing an additional 2,995 shares during the period. Heico accounts for 1.4% of Snider Financial Group’s portfolio, making the stock its 24th biggest position. Snider Financial Group’s holdings in Heico were worth $5,651,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. NFSG Corp acquired a new position in Heico in the 3rd quarter worth about $31,000. Fortress Financial Solutions LLC purchased a new stake in shares of Heico in the third quarter valued at approximately $418,000. Union Savings Bank raised its stake in shares of Heico by 7,700.0% during the 3rd quarter. Union Savings Bank now owns 1,326 shares of the aerospace company’s stock worth $402,000 after buying an additional 1,309 shares during the period. MinichMacGregor Wealth Management LLC raised its stake in shares of Heico by 3.0% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 23,553 shares of the aerospace company’s stock worth $7,141,000 after buying an additional 683 shares during the period. Finally, Mirador Capital Partners LP lifted its position in shares of Heico by 4.0% during the 3rd quarter. Mirador Capital Partners LP now owns 5,974 shares of the aerospace company’s stock valued at $1,811,000 after buying an additional 232 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Heico Price Performance

Shares of HEI traded up $0.80 during trading hours on Friday, hitting $309.44. 500,332 shares of the stock were exchanged, compared to its average volume of 473,283. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72. Heico Corporation has a 12-month low of $256.11 and a 12-month high of $376.86. The company has a market cap of $43.25 billion, a price-to-earnings ratio of 51.49, a price-to-earnings-growth ratio of 2.59 and a beta of 1.09. The stock’s 50-day moving average price is $323.14 and its two-hundred day moving average price is $320.58.

Heico (NYSE:HEI) last announced its quarterly earnings data on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.16. Heico had a return on equity of 18.00% and a net margin of 16.38%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the firm posted $1.26 EPS. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. Research analysts expect that Heico Corporation will post 6.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Heico from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Stifel Nicolaus set a $410.00 price objective on shares of Heico in a research report on Thursday, August 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Heico in a report on Wednesday. TD Cowen dropped their target price on shares of Heico from $350.00 to $330.00 and set a “hold” rating on the stock in a research report on Friday, October 9th. Finally, Jefferies Financial Group set a $430.00 target price on shares of Heico and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $385.67.

Insider Buying and Selling at Heico

In other Heico news, Director Nanda Kumar Cheruvatath purchased 795 shares of the firm’s stock in a transaction dated Thursday, October 8th. The shares were purchased at an average cost of $220.30 per share, with a total value of $175,138.50. Following the completion of the purchase, the director owned 4,877 shares in the company, valued at approximately $1,074,403.10. This represents a 19.48% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Carol F. Fine acquired 795 shares of the business’s stock in a transaction on Thursday, October 8th. The stock was acquired at an average price of $220.30 per share, with a total value of $175,138.50. Following the acquisition, the director owned 1,467 shares in the company, valued at $323,180.10. The trade was a 118.30% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 5,362 shares of company stock valued at $1,225,430. 4.86% of the stock is owned by company insiders.

Heico Company Profile

HEICO Corporation is an aerospace, defense, and electronics company that designs, manufactures, and distributes specialized products for commercial aviation, defense, space, medical, telecommunications, and other industrial markets. Founded in 1957, the company is headquartered in Hollywood, Florida, and serves customers worldwide, including airlines, original equipment manufacturers, government agencies, and defense contractors.

HEICO operates through two primary segments. Its Flight Support Group produces FAA-approved replacement parts for jet engines and aircraft components, as well as provides aircraft and engine component repair, overhaul, and maintenance services.