Putney Financial Group LLC Purchases Shares of 1,237 HEICO Co. (NYSE:HEI)

Putney Financial Group LLC acquired a new stake in shares of HEICO Co. (NYSE:HEI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,237 shares of the aerospace company's stock, valued at approximately $294,000.

Other large investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its position in shares of HEICO by 5.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company's stock worth $231,000 after buying an additional 46 shares during the last quarter. Moran Wealth Management LLC grew its position in HEICO by 1.9% during the fourth quarter. Moran Wealth Management LLC now owns 2,687 shares of the aerospace company's stock worth $639,000 after buying an additional 51 shares in the last quarter. United Capital Financial Advisors LLC raised its stake in shares of HEICO by 5.7% in the fourth quarter. United Capital Financial Advisors LLC now owns 1,043 shares of the aerospace company's stock valued at $248,000 after purchasing an additional 56 shares in the last quarter. Moody Lynn & Lieberson LLC lifted its holdings in shares of HEICO by 1.6% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company's stock worth $1,011,000 after acquiring an additional 65 shares during the period. Finally, Bradley Foster & Sargent Inc. CT increased its stake in HEICO by 2.4% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,805 shares of the aerospace company's stock valued at $667,000 after acquiring an additional 67 shares during the period. 27.12% of the stock is owned by institutional investors.

HEICO Trading Down 0.7%

HEI traded down $2.19 during trading on Friday, reaching $297.99. 256,463 shares of the company's stock were exchanged, compared to its average volume of 476,544. HEICO Co. has a fifty-two week low of $212.37 and a fifty-two week high of $306.09. The company's fifty day moving average price is $260.22 and its 200-day moving average price is $252.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The firm has a market capitalization of $41.40 billion, a PE ratio of 81.38, a P/E/G ratio of 3.10 and a beta of 1.05.

HEICO (NYSE:HEI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The aerospace company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.03 by $0.09. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the business posted $0.88 EPS. The firm's revenue was up 14.9% compared to the same quarter last year. As a group, equities analysts forecast that HEICO Co. will post 4.2 EPS for the current year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HEI shares. UBS Group increased their target price on shares of HEICO from $264.00 to $306.00 and gave the stock a "neutral" rating in a research report on Thursday. Truist Financial dropped their price target on HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company lifted their price objective on HEICO from $244.00 to $278.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, William Blair restated an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $273.09.

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.