HEICO Co. (NYSE:HEI) Director Sells $106,479.60 in Stock

HEICO Co. (NYSE:HEI - Get Free Report) Director Frank J. Schwitter sold 356 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $299.10, for a total value of $106,479.60. Following the completion of the sale, the director now owns 1,500 shares in the company, valued at $448,650. The trade was a 19.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

HEICO Price Performance

NYSE:HEI traded up $2.50 during mid-day trading on Friday, reaching $303.64. 391,135 shares of the stock were exchanged, compared to its average volume of 475,807. The business has a fifty day moving average price of $264.05 and a 200 day moving average price of $253.40. The firm has a market capitalization of $42.19 billion, a PE ratio of 82.96, a PEG ratio of 3.10 and a beta of 1.07. HEICO Co. has a 1-year low of $216.68 and a 1-year high of $304.70. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI - Get Free Report) last released its earnings results on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.09. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. HEICO had a return on equity of 14.63% and a net margin of 13.33%. HEICO's revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 earnings per share. Research analysts expect that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on HEI. Barclays set a $280.00 price objective on shares of HEICO and gave the company an "equal weight" rating in a research note on Monday. William Blair restated an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th. Morgan Stanley lifted their price objective on shares of HEICO from $270.00 to $305.00 and gave the company an "equal weight" rating in a research note on Wednesday. Truist Financial cut their price objective on shares of HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Wells Fargo & Company lifted their price objective on shares of HEICO from $244.00 to $278.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. 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 $279.45.

Hedge Funds Weigh In On HEICO

A number of institutional investors have recently bought and sold shares of HEI. Wealthfront Advisers LLC increased its stake in HEICO by 219,129.4% in the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock worth $5,285,970,000 after purchasing an additional 22,224,106 shares in the last quarter. Bain Capital Public Equity Management II LLC purchased a new position in HEICO in the 4th quarter worth about $110,503,000. Freestone Grove Partners LP purchased a new position in HEICO in the 4th quarter worth about $71,030,000. Mackenzie Financial Corp purchased a new position in HEICO in the 1st quarter worth about $40,949,000. Finally, Squarepoint Ops LLC increased its stake in HEICO by 2,203.0% in the 4th quarter. Squarepoint Ops LLC now owns 87,030 shares of the aerospace company's stock worth $20,691,000 after purchasing an additional 83,251 shares in the last quarter. Hedge funds and other institutional investors own 27.12% 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.