Total Wealth Planning & Management Inc. Makes New $637,000 Investment in HEICO Co. (NYSE:HEI)

Total Wealth Planning & Management Inc. purchased a new position in shares of HEICO Co. (NYSE:HEI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,681 shares of the aerospace company's stock, valued at approximately $637,000.

Other institutional investors have also recently bought and sold shares of the company. Compass Financial Services Inc acquired a new position in HEICO during the fourth quarter valued at approximately $26,000. Banque Transatlantique SA acquired a new position in HEICO during the fourth quarter valued at approximately $44,000. SBI Securities Co. Ltd. acquired a new position in HEICO during the fourth quarter valued at approximately $135,000. Aster Capital Management DIFC Ltd grew its holdings in HEICO by 252.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company's stock valued at $158,000 after purchasing an additional 475 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in HEICO during the fourth quarter valued at approximately $220,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Analysts Set New Price Targets

HEI has been the subject of a number of analyst reports. Truist Financial decreased their price objective on shares of HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a report on Thursday, April 17th. William Blair restated an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. UBS Group upped their price target on shares of HEICO from $264.00 to $306.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Wells Fargo & Company upped their price target on shares of HEICO from $244.00 to $278.00 and gave the company an "equal weight" rating in a report on Friday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $273.09.

Insider Buying and Selling at HEICO

In related news, Director Julie Neitzel sold 700 shares of HEICO stock in a transaction dated 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 sale, the director now directly owns 418 shares in the company, valued at approximately $102,924.14. This trade represents a 62.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan Schriesheim sold 50,000 shares of the business's stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total value of $11,978,500.00. Following the sale, the director now owns 157,197 shares of the company's stock, valued at approximately $37,659,685.29. This represents a 24.13% 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.

HEICO Price Performance

HEI stock traded down $0.72 during midday trading on Friday, reaching $299.45. The company had a trading volume of 849,998 shares, compared to its average volume of 479,453. The firm has a 50-day moving average price of $260.79 and a 200-day moving average price of $252.43. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. The company has a market capitalization of $41.61 billion, a P/E ratio of 81.82, a P/E/G ratio of 3.10 and a beta of 1.05. HEICO Co. has a 1 year low of $215.28 and a 1 year high of $303.32.

HEICO (NYSE:HEI - Get Free Report) last issued its earnings results on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.09. The firm 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 business's revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the business earned $0.88 earnings per share. On average, research analysts anticipate that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

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.