Alan Schriesheim Sells 26,000 Shares of HEICO Co. (NYSE:HEI) Stock

HEICO Co. (NYSE:HEI) Director Alan Schriesheim sold 26,000 shares of HEICO stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the transaction, the director now owns 155,862 shares of the company’s stock, valued at $29,953,559.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

HEICO Price Performance

Shares of NYSE HEI opened at $194.50 on Thursday. The stock has a market capitalization of $26.91 billion, a PE ratio of 63.56, a P/E/G ratio of 3.11 and a beta of 1.17. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.17 and a quick ratio of 1.40. The business has a fifty day moving average price of $188.48 and a two-hundred day moving average price of $175.80. HEICO Co. has a fifty-two week low of $153.63 and a fifty-two week high of $200.64.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. The firm had revenue of $896.36 million during the quarter, compared to analysts’ expectations of $891.32 million. HEICO had a return on equity of 14.35% and a net margin of 13.11%. The company’s quarterly revenue was up 44.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS. As a group, equities analysts predict that HEICO Co. will post 3.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HEICO

A number of institutional investors have recently modified their holdings of HEI. Lazard Asset Management LLC raised its holdings in shares of HEICO by 3,192.9% during the 1st quarter. Lazard Asset Management LLC now owns 1,138,939 shares of the aerospace company’s stock worth $174,872,000 after buying an additional 1,104,351 shares in the last quarter. Select Equity Group L.P. acquired a new position in shares of HEICO during the 1st quarter worth $85,710,000. Capital World Investors increased its holdings in HEICO by 10.5% in the 4th quarter. Capital World Investors now owns 3,276,326 shares of the aerospace company’s stock worth $586,036,000 after purchasing an additional 311,304 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in HEICO by 336.7% in the 1st quarter. Balyasny Asset Management L.P. now owns 348,363 shares of the aerospace company’s stock worth $59,584,000 after purchasing an additional 268,584 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in HEICO in the 1st quarter worth about $35,606,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HEI. Bank of America upgraded HEICO from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research note on Thursday, January 25th. William Blair began coverage on HEICO in a research note on Tuesday, December 12th. They issued an “outperform” rating for the company. Stifel Nicolaus began coverage on HEICO in a research note on Friday, December 1st. They issued a “buy” rating and a $200.00 price target for the company. Royal Bank of Canada boosted their price target on HEICO from $210.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Finally, Morgan Stanley downgraded HEICO from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $184.00 to $174.00 in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $203.00.

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.