CW Advisors LLC Has $9.72 Million Stock Holdings in Heico Corporation $HEI

CW Advisors LLC raised its position in shares of Heico Corporation (NYSE:HEI) by 648.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,646 shares of the aerospace company’s stock after purchasing an additional 25,684 shares during the period. CW Advisors LLC’s holdings in Heico were worth $9,724,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avalon Capital Management increased its stake in shares of Heico by 0.9% in the 2nd quarter. Avalon Capital Management now owns 3,895 shares of the aerospace company’s stock valued at $1,278,000 after purchasing an additional 33 shares during the last quarter. Ridgewood Investments LLC lifted its position in shares of Heico by 36.5% during the 2nd quarter. Ridgewood Investments LLC now owns 131 shares of the aerospace company’s stock worth $43,000 after buying an additional 35 shares during the last quarter. Barrett & Company Inc. boosted its stake in Heico by 1.6% in the second quarter. Barrett & Company Inc. now owns 3,216 shares of the aerospace company’s stock valued at $1,055,000 after buying an additional 50 shares in the last quarter. Emerald Advisers LLC grew its position in Heico by 1.9% in the second quarter. Emerald Advisers LLC now owns 3,000 shares of the aerospace company’s stock valued at $984,000 after acquiring an additional 56 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC raised its stake in Heico by 1.4% during the second quarter. Moody Lynn & Lieberson LLC now owns 4,230 shares of the aerospace company’s stock worth $1,387,000 after acquiring an additional 60 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HEI has been the topic of a number of research analyst reports. BNP Paribas Exane initiated coverage on shares of Heico in a research note on Tuesday, November 18th. They issued a “neutral” rating and a $330.00 price target on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $382.00 price objective (up previously from $337.00) on shares of Heico in a research note on Wednesday, August 27th. Robert W. Baird increased their target price on Heico from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Weiss Ratings lowered Heico from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Heico in a research note on Monday, August 18th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $343.62.

Heico Price Performance

HEI stock opened at $315.57 on Friday. The firm has a market cap of $43.93 billion, a price-to-earnings ratio of 69.05, a PEG ratio of 3.04 and a beta of 1.04. The company has a quick ratio of 1.51, a current ratio of 3.35 and a debt-to-equity ratio of 0.58. Heico Corporation has a 12-month low of $216.68 and a 12-month high of $338.92. The company’s fifty day simple moving average is $314.95 and its 200 day simple moving average is $313.13.

Insider Buying and Selling

In other Heico news, Director Thomas M. Culligan bought 676 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The shares were 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 11,030 shares in the company, valued at approximately $2,690,547.90. This trade represents a 6.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Julie Neitzel bought 676 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The shares were acquired at an average cost of $243.93 per share, with a total value of $164,896.68. Following the purchase, the director directly owned 676 shares of the company’s stock, valued at $164,896.68. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 4,448 shares of company stock worth $1,086,933 over the last three months. 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.