2,530 Heico Corporation $HEI Shares Acquired by Strategic Planning Group LLC

Strategic Planning Group LLC raised its stake in shares of Heico Corporation (NYSE:HEI) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,377 shares of the aerospace company’s stock after purchasing an additional 2,530 shares during the period. Heico accounts for approximately 1.3% of Strategic Planning Group LLC’s holdings, making the stock its 27th biggest position. Strategic Planning Group LLC’s holdings in Heico were worth $12,848,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HEI. DSM Capital Partners LLC increased its holdings in shares of Heico by 5.4% in the first quarter. DSM Capital Partners LLC now owns 807 shares of the aerospace company’s stock worth $221,000 after purchasing an additional 41 shares during the last quarter. Fortress Financial Solutions LLC boosted its stake in Heico by 2.8% during the first quarter. Fortress Financial Solutions LLC now owns 1,796 shares of the aerospace company’s stock valued at $493,000 after buying an additional 49 shares during the last quarter. Bayban boosted its stake in Heico by 19.6% during the first quarter. Bayban now owns 330 shares of the aerospace company’s stock valued at $90,000 after buying an additional 54 shares during the last quarter. Athena Wealth Management LLC boosted its stake in Heico by 5.8% during the third quarter. Athena Wealth Management LLC now owns 996 shares of the aerospace company’s stock valued at $302,000 after buying an additional 55 shares during the last quarter. Finally, Mirador Capital Partners LP grew its holdings in Heico by 1.2% during the 2nd quarter. Mirador Capital Partners LP now owns 5,742 shares of the aerospace company’s stock valued at $2,045,000 after buying an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Insider Buying and Selling

In other news, Director Adolfo Henriques bought 795 shares of Heico stock in a transaction on Thursday, October 8th. The stock was acquired at an average cost of $220.30 per share, for a total transaction of $175,138.50. Following the completion of the acquisition, the director owned 24,864 shares of the company’s stock, valued at $5,477,539.20. This trade represents a 3.30% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan Schriesheim acquired 795 shares of Heico stock in a transaction that occurred on Thursday, October 8th. The shares were purchased at an average price of $220.30 per share, with a total value of $175,138.50. Following the purchase, the director owned 1,202 shares in the company, valued at $264,800.60. This represents a 195.33% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 5,362 shares of company stock valued at $1,225,430 over the last three months. Corporate insiders own 4.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HEI. UBS Group reissued a “neutral” rating and issued a $396.00 target price (up from $382.00) on shares of Heico in a report on Thursday, August 27th. Jefferies Financial Group set a $430.00 target price on Heico and gave the stock a “buy” rating in a report on Wednesday, August 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Heico in a research report on Wednesday, October 14th. Melius Research set a $350.00 price objective on shares of Heico and gave the stock a “hold” rating in a research report on Monday, September 14th. Finally, Morgan Stanley set a $345.00 target price on Heico and gave the company an “equal weight” rating in a research note on Friday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $385.67.

Heico Price Performance

Heico stock opened at $300.15 on Friday. The stock has a market cap of $41.95 billion, a price-to-earnings ratio of 49.94, a price-to-earnings-growth ratio of 2.50 and a beta of 1.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.72 and a quick ratio of 1.27. Heico Corporation has a 1 year low of $256.11 and a 1 year high of $376.86. The firm has a 50-day moving average of $317.85 and a two-hundred day moving average of $321.81.

Heico (NYSE:HEI) last issued its earnings results on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.16. Heico had a net margin of 16.38% and a return on equity of 18.00%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm earned $1.26 EPS. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, research analysts forecast that Heico Corporation will post 6.29 earnings per share for the current year.

About Heico

HEICO Corporation (NYSE: HEI) is an aerospace, defense, electronics and specialty industrial company headquartered in Hollywood, Florida. Founded in 1957, the company serves commercial aviation, defense, space, medical, telecommunications and other specialized markets.

HEICO operates through two primary business groups. Its Flight Support Group produces and distributes FAA-approved aircraft replacement parts, jet-engine components, specialized aircraft equipment and other products used by commercial and military aircraft operators.