Executive Wealth Management LLC Takes $43,000 Position in Heico Corp (HEI)

Executive Wealth Management LLC acquired a new stake in Heico Corp (NYSE:HEI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 556 shares of the aerospace company’s stock, valued at approximately $43,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. purchased a new position in Heico in the 3rd quarter worth about $309,000. MML Investors Services LLC purchased a new position in Heico in the 3rd quarter worth about $429,000. Trexquant Investment LP purchased a new position in Heico in the 3rd quarter worth about $792,000. Virtu Financial LLC purchased a new position in Heico in the 3rd quarter worth about $1,671,000. Finally, Stevens Capital Management LP increased its stake in Heico by 286.8% in the 3rd quarter. Stevens Capital Management LP now owns 15,764 shares of the aerospace company’s stock worth $1,460,000 after buying an additional 11,688 shares during the period. 25.96% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently commented on HEI shares. Cowen started coverage on shares of Heico in a research note on Tuesday, March 5th. They issued a “market perform” rating and a $95.00 price target on the stock. Vertical Research began coverage on shares of Heico in a research report on Tuesday, January 22nd. They set a “buy” rating and a $91.00 target price on the stock. Zacks Investment Research raised shares of Heico from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Wednesday, January 2nd. Finally, SunTrust Banks reissued a “buy” rating and set a $100.00 target price on shares of Heico in a research report on Wednesday, February 27th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $94.00.

Shares of Heico stock traded up $0.84 on Friday, reaching $100.00. The stock had a trading volume of 256,657 shares, compared to its average volume of 290,234. The company has a quick ratio of 1.66, a current ratio of 3.48 and a debt-to-equity ratio of 0.38. Heico Corp has a 1 year low of $68.41 and a 1 year high of $101.39. The company has a market cap of $13.30 billion, a P/E ratio of 55.25, a PEG ratio of 3.87 and a beta of 0.82.

Heico (NYSE:HEI) last issued its quarterly earnings data on Tuesday, February 26th. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Heico had a net margin of 14.86% and a return on equity of 17.72%. The firm had revenue of $466.15 million for the quarter, compared to the consensus estimate of $453.65 million. As a group, equities research analysts forecast that Heico Corp will post 2.14 EPS for the current fiscal year.

In related news, Director Alan Schriesheim sold 15,000 shares of Heico stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $79.88, for a total value of $1,198,200.00. Following the completion of the sale, the director now directly owns 9,700 shares in the company, valued at approximately $774,836. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank J. Schwitter sold 1,756 shares of Heico stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $78.07, for a total transaction of $137,090.92. Following the completion of the sale, the director now owns 1,313 shares of the company’s stock, valued at $102,505.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,756 shares of company stock worth $2,022,171. Insiders own 9.23% of the company’s stock.

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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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