HEICO Co. (NYSE:HEI) Short Interest Up 6.8% in April

HEICO Co. (NYSE:HEI) saw a large increase in short interest in April. As of April 30th, there was short interest totalling 1,580,000 shares, an increase of 6.8% from the April 15th total of 1,480,000 shares. Currently, 3.8% of the shares of the stock are short sold. Based on an average daily volume of 381,700 shares, the short-interest ratio is presently 4.1 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HEI shares. 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 target on shares of HEICO from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Bank of America raised shares of HEICO from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $206.00.

HEICO Stock Up 0.5 %

Shares of HEICO stock traded up $1.03 during trading on Friday, reaching $215.54. 224,099 shares of the company traded hands, compared to its average volume of 328,377. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.17 and a quick ratio of 1.40. The firm has a market capitalization of $29.82 billion, a PE ratio of 70.44, a P/E/G ratio of 3.50 and a beta of 1.11. The company has a 50 day moving average price of $198.13 and a 200-day moving average price of $185.74. HEICO has a 1-year low of $153.63 and a 1-year high of $216.86.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. The firm had revenue of $896.36 million for the quarter, compared to analyst estimates of $891.32 million. HEICO had a net margin of 13.11% and a return on equity of 14.35%. The business’s quarterly revenue was up 44.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 earnings per share. As a group, equities research analysts expect that HEICO will post 3.47 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its position in HEICO by 148.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,820 shares of the aerospace company’s stock valued at $619,000 after acquiring an additional 2,285 shares in the last quarter. Advisor Partners II LLC boosted its position in shares of HEICO by 11.9% during the third quarter. Advisor Partners II LLC now owns 1,337 shares of the aerospace company’s stock valued at $216,000 after buying an additional 142 shares during the last quarter. Duality Advisers LP bought a new stake in shares of HEICO during the 3rd quarter worth $273,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of HEICO in the 3rd quarter worth about $593,000. Finally, NBC Securities Inc. bought a new position in HEICO during the third quarter valued at about $42,000. Institutional investors own 27.12% of the company’s stock.

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.