Teza Capital Management LLC Buys 6,507 Shares of HEICO Co. (NYSE:HEI)

Teza Capital Management LLC boosted its holdings in HEICO Co. (NYSE:HEI) by 480.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,862 shares of the aerospace company’s stock after purchasing an additional 6,507 shares during the period. Teza Capital Management LLC’s holdings in HEICO were worth $1,869,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortress Financial Solutions LLC acquired a new position in HEICO in the fourth quarter valued at approximately $263,000. Hennion & Walsh Asset Management Inc. grew its position in HEICO by 43.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,444 shares of the aerospace company’s stock valued at $1,057,000 after purchasing an additional 1,355 shares in the last quarter. EntryPoint Capital LLC bought a new position in HEICO in the fourth quarter valued at $220,000. Fisher Asset Management LLC grew its position in HEICO by 19.1% in the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock valued at $98,791,000 after purchasing an additional 66,583 shares in the last quarter. Finally, E Fund Management Co. Ltd. acquired a new stake in HEICO in the fourth quarter valued at $428,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HEI shares. Truist Financial cut their target price on shares of HEICO from $294.00 to $277.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company initiated coverage on shares of HEICO in a report on Tuesday, April 15th. They issued an “equal weight” rating and a $244.00 target price on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of HEICO in a report on Tuesday, March 25th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $267.36.

HEICO Stock Performance

HEICO stock opened at $278.89 on Friday. The company has a market capitalization of $38.75 billion, a PE ratio of 76.20, a P/E/G ratio of 3.10 and a beta of 1.05. The firm has a fifty day simple moving average of $256.99 and a two-hundred day simple moving average of $250.68. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. HEICO Co. has a twelve month low of $211.92 and a twelve month high of $283.60.

HEICO (NYSE:HEI) last issued its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.27. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. Research analysts expect that HEICO Co. will post 4.2 EPS for the current year.

Insider Activity

In other news, Director Alan Schriesheim sold 50,000 shares of the stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total value of $11,978,500.00. Following the completion of the sale, the director now directly owns 157,197 shares of the company’s stock, valued at $37,659,685.29. This represents a 24.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Julie Neitzel sold 700 shares of HEICO stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total transaction of $172,361.00. Following the sale, the director now owns 418 shares in the company, valued at approximately $102,924.14. The trade was a 62.61% decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.55% of the company’s stock.

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.