Caxton Associates LLP Invests $1.95 Million in Heico Corporation $HEI

Caxton Associates LLP bought a new stake in shares of Heico Corporation (NYSE:HEI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,958 shares of the aerospace company’s stock, valued at approximately $1,954,000.

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

Heico Stock Down 1.5%

HEI opened at $310.61 on Monday. The company has a market cap of $43.24 billion, a PE ratio of 67.97, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04. Heico Corporation has a twelve month low of $216.68 and a twelve month high of $338.92. The company has a 50-day moving average price of $313.87 and a 200 day moving average price of $315.21. The company has a quick ratio of 1.51, a current ratio of 3.35 and a debt-to-equity ratio of 0.58.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HEI. BNP Paribas Exane assumed coverage on shares of Heico in a report on Tuesday, November 18th. They set a “neutral” rating and a $330.00 target price for the company. Barclays raised their price target on shares of Heico from $280.00 to $300.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 2nd. Stifel Nicolaus set a $360.00 price objective on shares of Heico in a research report on Tuesday, August 26th. 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 note on Wednesday, August 27th. Finally, Truist Financial lifted their price target on Heico from $352.00 to $366.00 and gave the company a “buy” rating in a research note on Wednesday, August 27th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Heico currently has a consensus rating of “Moderate Buy” and a consensus price target of $345.29.

Insider Buying and Selling at Heico

In other news, Director Adolfo Henriques acquired 676 shares of Heico stock in a transaction that occurred on Friday, October 10th. The stock was purchased at an average cost of $243.93 per share, with a total value of $164,896.68. Following the purchase, the director owned 24,069 shares in the company, valued at $5,871,151.17. This trade represents a 2.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Julie Neitzel bought 676 shares of the stock in a transaction on Friday, October 10th. The shares were acquired at an average cost of $243.93 per share, for a total transaction of $164,896.68. Following the purchase, the director owned 676 shares in the company, valued at $164,896.68. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 4,448 shares of company stock valued at $1,086,933. 9.55% of the stock is owned by insiders.

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.