SG Capital Management LLC Grows Stock Holdings in HEICO Co. (NYSE:HEI)

SG Capital Management LLC raised its position in shares of HEICO Co. (NYSE:HEI - Free Report) by 57.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,609 shares of the aerospace company's stock after purchasing an additional 12,251 shares during the quarter. HEICO accounts for about 0.8% of SG Capital Management LLC's investment portfolio, making the stock its 28th biggest holding. SG Capital Management LLC's holdings in HEICO were worth $7,990,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HEI. Compass Financial Services Inc bought a new stake in shares of HEICO in the fourth quarter worth approximately $26,000. Banque Transatlantique SA bought a new stake in shares of HEICO in the fourth quarter worth approximately $44,000. Berbice Capital Management LLC bought a new stake in shares of HEICO in the fourth quarter worth approximately $95,000. SBI Securities Co. Ltd. bought a new stake in shares of HEICO in the fourth quarter worth approximately $135,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its stake in shares of HEICO by 476.3% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company's stock worth $156,000 after acquiring an additional 543 shares during the period. 27.12% of the stock is currently owned by institutional investors.

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 report on Tuesday, April 15th. They issued an "equal weight" rating and a $244.00 price objective on the stock. William Blair reissued an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Finally, Truist Financial dropped their price objective on shares of HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Five investment 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, the stock has an average rating of "Moderate Buy" and an average price target of $267.36.

HEICO Price Performance

NYSE:HEI traded up $3.50 during trading hours on Friday, hitting $278.89. 618,113 shares of the stock traded hands, compared to its average volume of 472,057. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. HEICO Co. has a 1 year low of $211.92 and a 1 year high of $283.60. The company has a market cap of $38.75 billion, a price-to-earnings ratio of 76.20, a price-to-earnings-growth ratio of 3.10 and a beta of 1.05. The stock has a 50 day moving average price of $256.99 and a 200 day moving average price of $250.72.

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

Insider Buying and Selling at HEICO

In other news, Director Julie Neitzel sold 700 shares of HEICO stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total transaction of $172,361.00. Following the sale, the director now owns 418 shares in the company, valued at $102,924.14. This trade represents a 62.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Alan Schriesheim sold 50,000 shares of HEICO stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the sale, the director now owns 157,197 shares in the company, valued at approximately $37,659,685.29. The trade was a 24.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 9.55% 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.