Prime Capital Investment Advisors LLC Invests $214,000 in HEICO Co. (NYSE:HEI)

Prime Capital Investment Advisors LLC purchased a new position in shares of HEICO Co. (NYSE:HEI) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,196 shares of the aerospace company’s stock, valued at approximately $214,000.

Several other institutional investors have also modified their holdings of the stock. NBC Securities Inc. acquired a new stake in shares of HEICO during the 3rd quarter worth about $42,000. Harbour Investments Inc. increased its position in shares of HEICO by 41.5% during the 2nd quarter. Harbour Investments Inc. now owns 341 shares of the aerospace company’s stock worth $60,000 after purchasing an additional 100 shares during the last quarter. Janiczek Wealth Management LLC increased its position in shares of HEICO by 18.3% during the 3rd quarter. Janiczek Wealth Management LLC now owns 447 shares of the aerospace company’s stock worth $72,000 after purchasing an additional 69 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of HEICO during the 1st quarter worth about $109,000. Finally, Anchor Investment Management LLC acquired a new stake in shares of HEICO during the 4th quarter worth about $203,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Wall Street Analyst Weigh In

HEI has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on HEICO from $210.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Stifel Nicolaus raised their price objective on HEICO from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Truist Financial lifted their target price on HEICO from $190.00 to $229.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Bank of America raised HEICO from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research report on Thursday, January 25th. Finally, Morgan Stanley downgraded HEICO from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $184.00 to $174.00 in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, HEICO currently has an average rating of “Moderate Buy” and an average target price of $204.50.

Insider Transactions at HEICO

In other news, Director Frank J. Schwitter sold 400 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the transaction, the director now directly owns 1,255 shares of the company’s stock, valued at $243,093.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Frank J. Schwitter sold 400 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was 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 $243,093.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alan Schriesheim sold 26,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the sale, the director now owns 155,862 shares of the company’s stock, valued at approximately $29,953,559.16. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company’s stock.

HEICO Stock Performance

Shares of HEICO stock opened at $191.76 on Monday. HEICO Co. has a one year low of $153.63 and a one year high of $200.64. The company has a market cap of $26.53 billion, a PE ratio of 62.67, a P/E/G ratio of 3.13 and a beta of 1.16. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.40 and a current ratio of 3.17. The business has a 50-day simple moving average of $190.53 and a 200-day simple moving average of $178.13.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HEICO had a return on equity of 14.35% and a net margin of 13.11%. The business had revenue of $896.36 million during the quarter, compared to the consensus estimate of $891.32 million. During the same period in the previous year, the company posted $0.67 earnings per share. The business’s revenue for the quarter was up 44.4% on a year-over-year basis. On average, equities research analysts forecast that HEICO Co. will post 3.47 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.