Security National Bank of SO Dak Purchases New Position in HEICO Co. (NYSE:HEI)

Security National Bank of SO Dak bought a new position in shares of HEICO Co. (NYSE:HEI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 920 shares of the aerospace company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Andra AP fonden purchased a new position in shares of HEICO during the 2nd quarter worth approximately $45,000. Center for Financial Planning Inc. purchased a new position in shares of HEICO during the 2nd quarter worth approximately $52,000. American National Bank purchased a new position in shares of HEICO during the 2nd quarter worth approximately $66,000. Strategic Financial Concepts LLC purchased a new position in shares of HEICO during the 2nd quarter worth approximately $67,000. Finally, FSC Wealth Advisors LLC purchased a new position in shares of HEICO during the 2nd quarter worth approximately $73,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Insider Activity

In related news, Director Frank J. Schwitter acquired 475 shares of HEICO stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average cost of $252.26 per share, for a total transaction of $119,823.50. Following the purchase, the director now directly owns 1,730 shares of the company’s stock, valued at approximately $436,409.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Frank J. Schwitter acquired 475 shares of HEICO stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average cost of $252.26 per share, for a total transaction of $119,823.50. Following the purchase, the director now directly owns 1,730 shares of the company’s stock, valued at approximately $436,409.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric A. Mendelson sold 8,864 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $180.54, for a total value of $1,600,306.56. Following the completion of the sale, the insider now owns 222,401 shares of the company’s stock, valued at $40,152,276.54. The disclosure for this sale can be found here. Insiders have sold 82,374 shares of company stock valued at $15,061,997 in the last ninety days. 8.10% of the stock is currently owned by company insiders.

HEICO Price Performance

NYSE HEI opened at $261.26 on Friday. The business’s fifty day moving average price is $245.58 and its 200-day moving average price is $222.46. The stock has a market capitalization of $36.21 billion, a price-to-earnings ratio of 82.16, a PEG ratio of 3.79 and a beta of 1.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47. HEICO Co. has a 1-year low of $155.42 and a 1-year high of $269.38.

HEICO (NYSE:HEI) last released its quarterly earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.05. The firm had revenue of $992.20 million for the quarter, compared to analysts’ expectations of $995.34 million. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The company’s revenue was up 37.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. On average, equities analysts predict that HEICO Co. will post 3.64 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HEI. Bank of America upped their target price on HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Truist Financial upped their price target on HEICO from $248.00 to $264.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft upped their price target on HEICO from $235.00 to $271.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Robert W. Baird upped their price target on HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Finally, Barclays began coverage on HEICO in a research note on Monday, August 19th. They issued an “equal weight” rating and a $250.00 price target on the stock. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $263.56.

About HEICO

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.