Heico Corporation $HEI Shares Purchased by Threadgill Financial LLC

Key Points

• Threadgill Financial LLC significantly increased its stake in Heico Corporation by 2,033.0%, owning 16,893 shares valued at $5,541,000, making Heico the firm's 10th largest position.
• Multiple institutional investors have also increased their holdings in Heico recently, with large increases from companies like EULAV Asset Management and American Century Companies Inc.
• Research analysts have upgraded Heico's stock rating, with nine analysts giving it a Buy rating and setting an average target price of $346.09.

Threadgill Financial LLC raised its holdings in shares of Heico Corporation (NYSE:HEI - Free Report) by 2,033.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,893 shares of the aerospace company's stock after buying an additional 16,101 shares during the period. Heico comprises approximately 3.0% of Threadgill Financial LLC's portfolio, making the stock its 10th largest position. Threadgill Financial LLC's holdings in Heico were worth $5,541,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp bought a new position in shares of Heico during the first quarter valued at approximately $40,949,000. Squarepoint Ops LLC increased its position in shares of Heico by 2,203.0% during the fourth quarter. Squarepoint Ops LLC now owns 87,030 shares of the aerospace company's stock valued at $20,691,000 after acquiring an additional 83,251 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Heico during the fourth quarter valued at approximately $16,578,000. American Century Companies Inc. increased its position in shares of Heico by 11.3% during the first quarter. American Century Companies Inc. now owns 312,615 shares of the aerospace company's stock valued at $83,528,000 after acquiring an additional 31,834 shares in the last quarter. Finally, Artemis Investment Management LLP bought a new stake in shares of Heico during the first quarter valued at approximately $7,612,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on HEI. 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 research report on Friday, May 30th. Stifel Nicolaus set a $360.00 target price on shares of Heico in a research report on Tuesday, August 26th. Robert W. Baird lifted their target price on shares of Heico from $360.00 to $400.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 27th. UBS Group lifted their target price on shares of Heico from $346.00 to $375.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 27th. Finally, Barclays lifted their price target on shares of Heico from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 2nd. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $346.09.

Heico Trading Down 1.0%

NYSE:HEI traded down $3.33 on Friday, hitting $318.41. The stock had a trading volume of 452,312 shares, compared to its average volume of 421,321. The company has a quick ratio of 1.51, a current ratio of 3.35 and a debt-to-equity ratio of 0.58. The stock has a market cap of $44.33 billion, a price-to-earnings ratio of 69.67, a PEG ratio of 3.75 and a beta of 1.08. The company has a fifty day moving average price of $317.87 and a two-hundred day moving average price of $291.35. Heico Corporation has a 1-year low of $216.68 and a 1-year high of $338.92.

Heico (NYSE:HEI - Get Free Report) last released its quarterly earnings results on Monday, August 25th. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.14. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.11 billion. Heico had a net margin of 14.96% and a return on equity of 16.29%. The business's revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 EPS. Equities research analysts expect that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Insider Activity at Heico

In other news, Chairman Laurans A. Mendelson sold 56,300 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $319.45, for a total value of $17,985,035.00. Following the completion of the transaction, the chairman owned 1,253,127 shares in the company, valued at approximately $400,311,420.15. This represents a 4.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate 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.