Snider Financial Group Buys 880 Shares of HEICO Co. (NYSE:HEI)

Snider Financial Group raised its stake in shares of HEICO Co. (NYSE:HEI - Free Report) by 7.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,318 shares of the aerospace company's stock after acquiring an additional 880 shares during the quarter. Snider Financial Group's holdings in HEICO were worth $3,291,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HEI. Barrett & Company Inc. increased its holdings in shares of HEICO by 12.2% during the fourth quarter. Barrett & Company Inc. now owns 3,141 shares of the aerospace company's stock worth $747,000 after buying an additional 341 shares in the last quarter. EULAV Asset Management increased its holdings in shares of HEICO by 12.8% in the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company's stock valued at $107,861,000 after purchasing an additional 51,500 shares in the last quarter. Compass Financial Services Inc acquired a new stake in shares of HEICO in the fourth quarter valued at approximately $26,000. Fortress Financial Solutions LLC acquired a new stake in shares of HEICO in the fourth quarter valued at approximately $263,000. Finally, Bradley Foster & Sargent Inc. CT increased its holdings in shares of 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 purchasing an additional 67 shares in the last quarter. 27.12% of the stock is owned by institutional investors.

HEICO Stock Up 0.2%

HEI traded up $0.51 during trading on Monday, hitting $303.86. The company had a trading volume of 429,415 shares, compared to its average volume of 476,263. The company has a market capitalization of $42.27 billion, a PE ratio of 83.02, a PEG ratio of 3.10 and a beta of 1.07. HEICO Co. has a one year low of $216.68 and a one year high of $305.05. The firm's 50-day moving average price is $264.73 and its 200 day moving average price is $253.23. 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 (NYSE:HEI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 27th. The aerospace company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.03 by $0.09. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.06 billion. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The firm's revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. As a group, equities analysts expect that HEICO Co. will post 4.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HEI. Morgan Stanley lifted their price objective on HEICO from $270.00 to $305.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. William Blair reiterated an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Truist Financial lowered their price objective on HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Wall Street Zen upgraded HEICO from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Wells Fargo & Company lifted their target price on shares of HEICO from $244.00 to $278.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $279.45.

Insider Activity at HEICO

In other HEICO news, Director Julie Neitzel sold 700 shares of the business's stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan Schriesheim sold 50,000 shares of the business's stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,056 shares of company stock valued at $22,699,941. 9.55% of the stock is owned by corporate insiders.

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.