HWG Holdings LP decreased its holdings in Heico Corp (NYSE:HEI) by 38.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,990 shares of the aerospace company’s stock after selling 10,141 shares during the period. HWG Holdings LP’s holdings in Heico were worth $1,481,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in HEI. Gradient Investments LLC bought a new position in shares of Heico in the 3rd quarter valued at about $116,000. Financial Architects Inc bought a new position in shares of Heico in the 2nd quarter valued at about $123,000. TRUE Private Wealth Advisors bought a new position in shares of Heico in the 3rd quarter valued at about $151,000. BDO Wealth Advisors LLC bought a new position in shares of Heico in the 1st quarter valued at about $154,000. Finally, Winslow Evans & Crocker Inc. bought a new position in shares of Heico in the 2nd quarter valued at about $164,000. 26.72% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE HEI opened at $86.42 on Friday. The company has a quick ratio of 1.32, a current ratio of 2.86 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of 54.17, a PEG ratio of 3.78 and a beta of 0.76. Heico Corp has a 1 year low of $55.43 and a 1 year high of $94.12.
A number of research analysts recently commented on the stock. UBS Group increased their price target on shares of Heico from $83.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, August 30th. Jefferies Financial Group increased their price target on shares of Heico to $100.00 and gave the company a “buy” rating in a report on Wednesday, August 29th. SunTrust Banks increased their price target on shares of Heico to $97.00 and gave the company a “buy” rating in a report on Wednesday, August 29th. Canaccord Genuity increased their price target on shares of Heico from $84.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, August 29th. Finally, ValuEngine raised shares of Heico from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Heico presently has a consensus rating of “Buy” and an average target price of $88.60.
In other Heico news, Director Frank J. Schwitter sold 750 shares of the firm’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $76.70, for a total value of $57,525.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julie Neitzel sold 1,706 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $86.64, for a total transaction of $147,807.84. Following the completion of the sale, the director now directly owns 392 shares of the company’s stock, valued at approximately $33,962.88. The disclosure for this sale can be found here. In the last three months, insiders acquired 2,948 shares of company stock valued at $252,012 and sold 6,456 shares valued at $511,093. 9.88% of the stock is owned by company insiders.
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 for aerospace and industrial original equipment manufacturers, and the United States government.
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