HEICO Co. (NYSE:HEI) Director Frank J. Schwitter Sells 400 Shares

HEICO Co. (NYSE:HEI - Get Free Report) Director Frank J. Schwitter sold 400 shares of the firm's stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the sale, the director now owns 1,255 shares in the company, valued at approximately $243,093.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

HEICO Price Performance

NYSE:HEI traded down $2.67 during trading hours on Monday, reaching $188.33. 331,824 shares of the company's stock were exchanged, compared to its average volume of 381,749. The company has a market capitalization of $26.06 billion, a P/E ratio of 61.55, a price-to-earnings-growth ratio of 3.12 and a beta of 1.16. HEICO Co. has a 12 month low of $153.63 and a 12 month high of $200.64. The company has a quick ratio of 1.40, a current ratio of 3.17 and a debt-to-equity ratio of 0.75. The business's 50-day simple moving average is $189.23 and its two-hundred day simple moving average is $176.42.

HEICO (NYSE:HEI - Get Free Report) last issued its earnings results on Monday, February 26th. The aerospace company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. The firm had revenue of $896.36 million during the quarter, compared to analysts' expectations of $891.32 million. HEICO had a net margin of 13.11% and a return on equity of 14.35%. The firm's revenue for the quarter was up 44.4% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. Sell-side analysts expect that HEICO Co. will post 3.47 EPS for the current fiscal year.

Institutional Trading of HEICO

A number of large investors have recently added to or reduced their stakes in HEI. Acadian Asset Management LLC bought a new stake in HEICO during the first quarter worth approximately $577,000. Bridgefront Capital LLC acquired a new position in HEICO in the 1st quarter worth approximately $265,000. Bridgewater Associates LP acquired a new position in HEICO in the 1st quarter worth approximately $1,119,000. Royal London Asset Management Ltd. boosted its stake in HEICO by 4.9% in the 1st quarter. Royal London Asset Management Ltd. now owns 43,488 shares of the aerospace company's stock worth $5,936,000 after purchasing an additional 2,044 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in HEICO by 3,192.9% in the 1st quarter. Lazard Asset Management LLC now owns 1,138,939 shares of the aerospace company's stock worth $174,872,000 after purchasing an additional 1,104,351 shares during the period. 27.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on HEI shares. Royal Bank of Canada raised their price target on shares of HEICO from $210.00 to $225.00 and gave the company an "outperform" rating in a research note on Monday, February 26th. Morgan Stanley lowered shares of HEICO from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $184.00 to $174.00 in a research note on Wednesday, December 20th. Truist Financial raised their price target on shares of HEICO from $190.00 to $229.00 and gave the company a "buy" rating in a research note on Wednesday, December 20th. Bank of America upgraded shares of HEICO from a "neutral" rating to a "buy" rating and set a $220.00 price target on the stock in a research note on Thursday, January 25th. Finally, William Blair initiated coverage on shares of HEICO in a research note on Tuesday, December 12th. They set an "outperform" rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, HEICO has a consensus rating of "Moderate Buy" and an average price target of $203.00.

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.