2,681 Shares in HEICO Co. (NYSE:HEI) Acquired by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. purchased a new stake in shares of HEICO Co. (NYSE:HEI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,681 shares of the aerospace company's stock, valued at approximately $637,000.

Other institutional investors have also added to or reduced their stakes in the company. Compass Financial Services Inc bought a new stake in shares of HEICO in the 4th quarter worth approximately $26,000. Banque Transatlantique SA bought a new stake in HEICO in the fourth quarter valued at $44,000. SBI Securities Co. Ltd. bought a new stake in HEICO in the fourth quarter valued at $135,000. Aster Capital Management DIFC Ltd increased its position in HEICO by 252.7% during the 4th 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 bought a new position in HEICO in the 4th quarter worth $220,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

Insider Activity at HEICO

In other news, Director Julie Neitzel sold 700 shares of the business's 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 $102,924.14. The trade was a 62.61% decrease in their ownership of the stock. 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 stock in a transaction on 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 directly owns 157,197 shares in the company, valued at $37,659,685.29. This trade represents a 24.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

HEI has been the topic of a number of research reports. 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 target price on the stock. Truist Financial reduced their target price on HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, William Blair restated an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, HEICO presently has a consensus rating of "Moderate Buy" and a consensus target price of $267.36.

HEICO Stock Up 7.5%

HEICO stock traded up $20.47 during mid-day trading on Wednesday, reaching $294.49. The stock had a trading volume of 1,350,010 shares, compared to its average volume of 478,065. The company has a market capitalization of $40.92 billion, a price-to-earnings ratio of 80.46, a PEG ratio of 3.10 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. HEICO Co. has a one year low of $212.06 and a one year high of $297.41. The company has a 50-day moving average price of $259.57 and a two-hundred day moving average price of $251.93.

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 the consensus estimate 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 in the prior year, the firm posted $0.88 earnings per share. On average, analysts expect that HEICO Co. will post 4.2 EPS 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.