655 Shares in Heico Corporation $HEI Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC purchased a new stake in Heico Corporation (NYSE:HEI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 655 shares of the aerospace company’s stock, valued at approximately $215,000.

Several other large investors have also recently bought and sold shares of HEI. Ridgewood Investments LLC raised its holdings in Heico by 92.0% in the 1st quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 46 shares during the period. Costello Asset Management INC bought a new position in Heico in the 1st quarter valued at about $27,000. Caitong International Asset Management Co. Ltd raised its holdings in Heico by 17,800.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company’s stock valued at $48,000 after acquiring an additional 178 shares during the period. Banque Transatlantique SA raised its holdings in Heico by 36.8% in the 1st quarter. Banque Transatlantique SA now owns 253 shares of the aerospace company’s stock valued at $62,000 after acquiring an additional 68 shares during the period. Finally, Valley National Advisers Inc. bought a new position in Heico in the 2nd quarter valued at about $114,000. 27.12% of the stock is owned by institutional investors.

Insider Buying and Selling at Heico

In other news, Director Carol F. Fine purchased 672 shares of Heico stock in a transaction that occurred on Friday, October 10th. The shares were acquired at an average price of $243.93 per share, for a total transaction of $163,920.96. Following the transaction, the director owned 672 shares of the company’s stock, valued at approximately $163,920.96. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Julie Neitzel bought 676 shares of the business’s stock in a transaction on Friday, October 10th. The stock was bought at an average price of $243.93 per share, for a total transaction of $164,896.68. Following the transaction, the director directly owned 676 shares of the company’s stock, valued at approximately $164,896.68. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 4,048 shares of company stock worth $987,429 in the last three months. Company insiders own 9.55% of the company’s stock.

Heico Stock Performance

NYSE HEI opened at $312.86 on Tuesday. The company has a current ratio of 3.35, a quick ratio of 1.51 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $43.55 billion, a price-to-earnings ratio of 68.46, a P/E/G ratio of 3.60 and a beta of 1.08. The firm’s 50 day simple moving average is $315.88 and its 200 day simple moving average is $299.56. Heico Corporation has a 1 year low of $216.68 and a 1 year high of $338.92.

Heico (NYSE:HEI) last posted its quarterly earnings results on Monday, August 25th. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.14. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.11 billion. Heico had a net margin of 14.96% and a return on equity of 16.29%. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. As a group, research analysts expect that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Stifel Nicolaus set a $360.00 price target on shares of Heico in a report on Tuesday, August 26th. Wall Street Zen raised shares of Heico from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Barclays increased their target price on shares of Heico from $280.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Heico in a research report on Tuesday, October 14th. Finally, Robert W. Baird increased their target price on shares of Heico from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $346.09.

Heico Company 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.