IHT Wealth Management LLC Sells 2,260 Shares of HEICO Co. (NYSE:HEI)

IHT Wealth Management LLC lowered its position in shares of HEICO Co. (NYSE:HEI - Free Report) by 30.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,237 shares of the aerospace company's stock after selling 2,260 shares during the quarter. IHT Wealth Management LLC's holdings in HEICO were worth $1,245,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HEI. Sequoia Financial Advisors LLC boosted its stake in shares of HEICO by 5.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company's stock worth $231,000 after buying an additional 46 shares during the last quarter. Moran Wealth Management LLC boosted its position in HEICO by 1.9% during the fourth quarter. Moran Wealth Management LLC now owns 2,687 shares of the aerospace company's stock valued at $639,000 after purchasing an additional 51 shares during the last quarter. United Capital Financial Advisors LLC grew its stake in HEICO by 5.7% in the fourth quarter. United Capital Financial Advisors LLC now owns 1,043 shares of the aerospace company's stock valued at $248,000 after purchasing an additional 56 shares in the last quarter. Moody Lynn & Lieberson LLC increased its position in shares of HEICO by 1.6% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company's stock worth $1,011,000 after purchasing an additional 65 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its stake in shares of HEICO by 2.4% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,805 shares of the aerospace company's stock worth $667,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company's stock.

HEICO Stock Performance

Shares of HEI stock traded up $2.07 during trading hours on Tuesday, hitting $249.47. 69,971 shares of the company were exchanged, compared to its average volume of 463,542. HEICO Co. has a 52-week low of $205.82 and a 52-week high of $283.60. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $252.77 and a 200 day simple moving average of $249.89. The stock has a market capitalization of $34.66 billion, a price-to-earnings ratio of 68.11, a P/E/G ratio of 3.10 and a beta of 1.07.

HEICO (NYSE:HEI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $983.10 million. Research analysts predict that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other HEICO news, Director Alan Schriesheim sold 50,000 shares of HEICO stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the completion of the transaction, the director now owns 157,197 shares of the company's stock, valued at $37,659,685.29. The trade was a 24.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Julie Neitzel sold 700 shares of the stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $246.23, for a total transaction 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. The trade was a 62.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.55% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on HEI. Wells Fargo & Company initiated coverage on shares of HEICO in a report on Tuesday, April 15th. They set an "equal weight" rating and a $244.00 target price on the stock. William Blair reiterated an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Truist Financial cut 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. Finally, KeyCorp started coverage on HEICO in a report on Thursday, January 16th. They set a "sector weight" rating on the stock. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $267.36.

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.