Heico Corporation $HEI Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd boosted its holdings in Heico Corporation (NYSE:HEI) by 124.4% in the 2nd quarter, Holdings Channel reports. The firm owned 4,758 shares of the aerospace company’s stock after purchasing an additional 2,638 shares during the period. WINTON GROUP Ltd’s holdings in Heico were worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. IFC & Insurance Marketing Inc. purchased a new position in Heico during the 4th quarter worth $26,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of Heico by 1,000.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock valued at $28,000 after buying an additional 80 shares during the last quarter. Birchwood Financial Partners Inc. purchased a new stake in shares of Heico in the fourth quarter valued at about $32,000. Miller Capital Partners Inc. acquired a new stake in shares of Heico during the fourth quarter worth about $70,000. Finally, BNP Paribas purchased a new position in shares of Heico during the fourth quarter worth about $79,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

Heico Stock Performance

Shares of HEI stock opened at $315.85 on Friday. The company has a current ratio of 2.72, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. The stock has a 50 day simple moving average of $348.51 and a 200-day simple moving average of $320.66. The company has a market cap of $44.14 billion, a price-to-earnings ratio of 52.55, a price-to-earnings-growth ratio of 2.67 and a beta of 1.04. Heico Corporation has a 12-month low of $256.11 and a 12-month high of $376.86.

Heico (NYSE:HEI) last posted its quarterly earnings results 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 firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the business earned $1.26 earnings per share. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, equities analysts forecast that Heico Corporation will post 6.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HEI. Weiss Ratings raised Heico from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Stifel Nicolaus set a $410.00 price target on Heico in a report on Thursday, August 27th. Jefferies Financial Group set a $430.00 price objective on shares of Heico and gave the company a “buy” rating in a research report on Wednesday, August 26th. UBS Group reissued a “neutral” rating and issued a $396.00 price objective (up from $382.00) on shares of Heico in a research note on Thursday, August 27th. Finally, Morgan Stanley set a $365.00 target price on shares of Heico and gave the stock an “equal weight” rating in a research note on Wednesday, September 2nd. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $395.38.

Heico Company Profile

HEICO Corporation is an aerospace, defense, industrial and electronics company that designs, manufactures and distributes products and provides related services for commercial aviation, defense, space, medical, telecommunications and other specialized markets. The company serves original equipment manufacturers, airlines, government agencies, defense contractors and other commercial customers.

HEICO operates through two principal business groups. Its Flight Support Group produces FAA-approved replacement parts and provides aircraft component repair, overhaul and maintenance services.