Hyman Charles D Sells 1,515 Shares of HEICO Co. (NYSE:HEI)


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Hyman Charles D lowered its stake in shares of HEICO Co. (NYSE:HEI) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,886 shares of the aerospace company’s stock after selling 1,515 shares during the quarter. Hyman Charles D’s holdings in HEICO were worth $6,779,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Bath Savings Trust Co lifted its stake in HEICO by 6.2% during the fourth quarter. Bath Savings Trust Co now owns 36,876 shares of the aerospace company’s stock worth $4,883,000 after purchasing an additional 2,148 shares during the last quarter. Peregrine Capital Management LLC lifted its position in HEICO by 17.8% in the 4th quarter. Peregrine Capital Management LLC now owns 337,798 shares of the aerospace company’s stock worth $44,724,000 after buying an additional 50,946 shares during the last quarter. FNY Investment Advisers LLC lifted its position in HEICO by 262.9% in the 4th quarter. FNY Investment Advisers LLC now owns 1,165 shares of the aerospace company’s stock worth $154,000 after buying an additional 844 shares during the last quarter. HWG Holdings LP bought a new stake in HEICO in the 4th quarter worth approximately $1,642,000. Finally, Newfound Research LLC bought a new stake in HEICO in the 4th quarter worth approximately $137,000. Institutional investors own 26.18% of the company’s stock.

In other HEICO news, Director Frank J. Schwitter sold 491 shares of the business’s stock in a transaction that occurred on Wednesday, April 21st. The stock was sold at an average price of $135.50, for a total transaction of $66,530.50. Following the completion of the sale, the director now directly owns 1,100 shares in the company, valued at approximately $149,050. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Julie Neitzel sold 978 shares of the business’s stock in a transaction that occurred on Wednesday, April 14th. The stock was sold at an average price of $133.84, for a total value of $130,895.52. Following the transaction, the director now owns 901 shares in the company, valued at $120,589.84. The disclosure for this sale can be found here. 8.56% of the stock is owned by insiders.

HEI has been the subject of a number of recent research reports. Cowen restated a “hold” rating on shares of HEICO in a research report on Friday, January 8th. Truist lifted their price target on HEICO from $113.00 to $120.00 in a research note on Thursday, February 25th. Benchmark lifted their price target on HEICO from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Canaccord Genuity raised HEICO from a “hold” rating to a “buy” rating in a research note on Wednesday, April 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $117.88.

Shares of NYSE:HEI traded down $1.60 during midday trading on Tuesday, reaching $138.35. 2,299 shares of the company’s stock traded hands, compared to its average volume of 350,558. The company has a market cap of $18.71 billion, a price-to-earnings ratio of 60.42, a P/E/G ratio of 7.95 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.91 and a current ratio of 4.83. HEICO Co. has a one year low of $79.65 and a one year high of $142.89. The stock has a 50 day moving average of $131.48 and a 200 day moving average of $128.03.

HEICO (NYSE:HEI) last issued its quarterly earnings results on Monday, February 22nd. The aerospace company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. HEICO had a return on equity of 16.39% and a net margin of 17.57%. The business had revenue of $417.90 million during the quarter, compared to analysts’ expectations of $414.79 million. During the same quarter in the prior year, the business posted $0.89 earnings per share. The business’s quarterly revenue was down 17.5% on a year-over-year basis. Sell-side analysts predict that HEICO Co. will post 2.19 EPS for the current fiscal year.

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. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.

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Institutional Ownership by Quarter for HEICO (NYSE:HEI)

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