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

Putney Financial Group LLC acquired a new position in shares of HEICO Co. (NYSE:HEI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,237 shares of the aerospace company's stock, valued at approximately $294,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealthfront Advisers LLC raised its holdings in HEICO by 219,129.4% during the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock worth $5,285,970,000 after buying an additional 22,224,106 shares during the period. Bain Capital Public Equity Management II LLC acquired a new stake in shares of HEICO in the fourth quarter valued at approximately $110,503,000. Freestone Grove Partners LP acquired a new stake in shares of HEICO in the fourth quarter valued at approximately $71,030,000. Squarepoint Ops LLC raised its holdings in shares of HEICO by 2,203.0% in the fourth quarter. Squarepoint Ops LLC now owns 87,030 shares of the aerospace company's stock valued at $20,691,000 after purchasing an additional 83,251 shares during the last quarter. Finally, River Global Investors LLP acquired a new stake in shares of HEICO in the fourth quarter valued at approximately $16,073,000. Institutional investors own 27.12% of the company's stock.

HEICO Price Performance

Shares of HEI stock traded up $20.47 on Wednesday, reaching $294.49. The company had a trading volume of 1,350,010 shares, compared to its average volume of 478,065. The stock has a market capitalization of $40.92 billion, a PE ratio of 80.46, a price-to-earnings-growth ratio of 3.10 and a beta of 1.05. 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 one year low of $212.06 and a one year high of $297.34. The business's 50-day moving average is $258.90 and its 200 day moving average is $251.63.

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

Insider Buying and Selling at HEICO

In related news, Director Alan Schriesheim sold 50,000 shares of the stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total value of $11,978,500.00. Following the transaction, the director now directly owns 157,197 shares in the company, valued at $37,659,685.29. This trade represents a 24.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $172,361.00. Following the completion of the transaction, the director now owns 418 shares in the company, valued at approximately $102,924.14. This represents a 62.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.55% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. William Blair reiterated an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Truist Financial decreased their price target on HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Wells Fargo & Company initiated coverage on shares of HEICO in a research note on Tuesday, April 15th. They set an "equal weight" rating and a $244.00 price objective on the stock. 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, HEICO currently has a consensus rating of "Moderate Buy" and a consensus target price of $267.36.

HEICO 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.