Bell Bank grew its stake in HEICO Co. (NYSE:HEI – Get Rating) by 5.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,318 shares of the aerospace company's stock after buying an additional 760 shares during the period. Bell Bank's holdings in HEICO were worth $1,877,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. JJJ Advisors Inc. increased its stake in shares of HEICO by 61.3% in the first quarter. JJJ Advisors Inc. now owns 321 shares of the aerospace company's stock worth $50,000 after purchasing an additional 122 shares during the period. Standard Family Office LLC bought a new position in HEICO during the first quarter valued at about $101,000. Benjamin Edwards Inc. increased its stake in HEICO by 8,366.7% during the first quarter. Benjamin Edwards Inc. now owns 762 shares of the aerospace company's stock valued at $117,000 after acquiring an additional 753 shares during the period. GHP Investment Advisors Inc. bought a new position in HEICO during the first quarter valued at about $121,000. Finally, Belpointe Asset Management LLC bought a new position in HEICO during the first quarter valued at about $147,000. Institutional investors and hedge funds own 27.39% of the company's stock.
Get HEICO alerts:HEICO Trading Down 2.1 %
Shares of HEI traded down $3.14 during trading hours on Friday, reaching $145.66. The stock had a trading volume of 282,581 shares, compared to its average volume of 329,148. The company has a quick ratio of 1.55, a current ratio of 3.12 and a debt-to-equity ratio of 0.10. HEICO Co. has a 52 week low of $126.95 and a 52 week high of $165.61. The firm has a 50-day moving average of $153.92 and a 200 day moving average of $145.98. The company has a market cap of $19.90 billion, a P/E ratio of 58.97, a P/E/G ratio of 4.62 and a beta of 1.17.
HEICO (NYSE:HEI – Get Rating) last released its quarterly earnings data on Monday, August 29th. The aerospace company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.06). HEICO had a net margin of 16.15% and a return on equity of 14.26%. The firm had revenue of $569.53 million during the quarter, compared to the consensus estimate of $555.44 million. During the same quarter in the prior year, the company earned $0.56 EPS. HEICO's quarterly revenue was up 20.7% on a year-over-year basis. On average, sell-side analysts expect that HEICO Co. will post 2.56 earnings per share for the current fiscal year.Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. Jefferies Financial Group upgraded HEICO from a "hold" rating to a "buy" rating and set a $180.00 price objective on the stock in a research note on Monday, September 19th. StockNews.com lowered HEICO from a "buy" rating to a "hold" rating in a research note on Wednesday, July 27th. Truist Financial lowered their price objective on HEICO from $182.00 to $165.00 and set a "buy" rating on the stock in a research note on Tuesday, July 19th. Morgan Stanley upped their price objective on HEICO from $180.00 to $182.00 and gave the company an "overweight" rating in a research note on Wednesday, August 31st. Finally, Robert W. Baird boosted their target price on HEICO from $160.00 to $186.00 and gave the stock an "outperform" rating in a report on Tuesday, August 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $167.14.
HEICO Company Profile
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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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