Total Wealth Planning & Management Inc. Acquires New Shares in Heico Corporation $HEI

Total Wealth Planning & Management Inc. purchased a new stake in Heico Corporation (NYSE:HEI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,674 shares of the aerospace company’s stock, valued at approximately $865,000.

A number of other institutional investors have also recently bought and sold shares of HEI. Westside Investment Management Inc. boosted its stake in Heico by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 43 shares during the period. CBIZ Investment Advisory Services LLC boosted its stake in Heico by 1,000.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 80 shares during the period. V Square Quantitative Management LLC acquired a new position in Heico in the 4th quarter worth $37,000. FNY Investment Advisers LLC boosted its stake in Heico by 862.5% in the 4th quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 138 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in Heico in the 4th quarter worth $65,000. Institutional investors own 27.12% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on HEI. Jefferies Financial Group restated a “buy” rating and set a $410.00 price objective (up from $375.00) on shares of Heico in a research note on Thursday, May 28th. UBS Group restated a “neutral” rating and set a $390.00 price objective (up from $371.00) on shares of Heico in a research note on Monday. Weiss Ratings downgraded shares of Heico from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. Truist Financial upgraded shares of Heico to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company set a $350.00 price objective on shares of Heico and gave the stock an “equal weight” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.63.

Heico Trading Up 1.4%

Shares of NYSE:HEI opened at $333.61 on Friday. Heico Corporation has a 52-week low of $256.11 and a 52-week high of $361.69. The company has a market capitalization of $46.54 billion, a P/E ratio of 59.57, a price-to-earnings-growth ratio of 3.94 and a beta of 1.03. The company has a 50-day simple moving average of $290.94 and a 200 day simple moving average of $311.77. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.41 and a current ratio of 2.92.

Heico (NYSE:HEI) last released its quarterly earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.33. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Heico had a net margin of 16.08% and a return on equity of 17.52%. The business’s revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS. Sell-side analysts forecast that Heico Corporation will post 5.69 earnings per share for the current year.

Insiders Place Their Bets

In other Heico news, Director Julie Neitzel sold 676 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total value of $150,748.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.86% of the stock is currently owned by corporate insiders.

About Heico

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.