Heico Corporation $HEI Position Trimmed by AMJ Financial Wealth Management

AMJ Financial Wealth Management lessened its holdings in shares of Heico Corporation (NYSE:HEI) by 60.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,790 shares of the aerospace company’s stock after selling 20,962 shares during the quarter. AMJ Financial Wealth Management’s holdings in Heico were worth $4,462,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. American Century Companies Inc. grew its stake in Heico by 45.7% during the 3rd quarter. American Century Companies Inc. now owns 769,704 shares of the aerospace company’s stock valued at $248,476,000 after acquiring an additional 241,559 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Heico by 0.6% in the 3rd quarter. Two Sigma Investments LP now owns 558,661 shares of the aerospace company’s stock valued at $180,347,000 after buying an additional 3,166 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. grew its stake in shares of Heico by 1.2% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 203,504 shares of the aerospace company’s stock valued at $65,695,000 after buying an additional 2,331 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Heico by 1.9% in the 4th quarter. Jennison Associates LLC now owns 88,647 shares of the aerospace company’s stock valued at $28,685,000 after buying an additional 1,661 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of Heico by 263.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 60,469 shares of the aerospace company’s stock valued at $19,521,000 after buying an additional 43,821 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Heico Stock Down 2.9%

Shares of HEI stock opened at $288.59 on Friday. Heico Corporation has a 12 month low of $256.11 and a 12 month high of $361.69. The firm has a market cap of $40.26 billion, a PE ratio of 57.03, a price-to-earnings-growth ratio of 3.64 and a beta of 0.95. The stock has a 50 day moving average of $284.19 and a 200-day moving average of $311.97. The company has a quick ratio of 1.41, a current ratio of 3.06 and a debt-to-equity ratio of 0.55.

Heico (NYSE:HEI) last issued its quarterly earnings results on Wednesday, February 25th. The aerospace company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. Heico had a return on equity of 16.57% and a net margin of 15.38%.The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company earned $1.20 earnings per share. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities analysts predict that Heico Corporation will post 5.56 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on HEI. Truist Financial raised Heico to a “strong-buy” rating in a research report on Friday, May 1st. Rothschild & Co Redburn set a $360.00 target price on Heico and gave the stock a “buy” rating in a research report on Wednesday. Citigroup decreased their target price on Heico from $400.00 to $323.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Susquehanna began coverage on Heico in a research report on Friday, January 23rd. They set a “neutral” rating and a $385.00 target price for the company. Finally, Wall Street Zen cut Heico from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Two research 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $358.80.

Insider Activity at Heico

In other news, Director Julie Neitzel sold 676 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total transaction of $150,748.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.86% of the stock is currently owned by company insiders.

Heico Profile

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.