491 Shares in HEICO Co. (NYSE:HEI) Acquired by Brooklyn Investment Group

Brooklyn Investment Group acquired a new stake in shares of HEICO Co. (NYSE:HEI) in the third quarter, Holdings Channel reports. The fund acquired 491 shares of the aerospace company’s stock, valued at approximately $128,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC grew its position in shares of HEICO by 13.0% during the first quarter. Silvercrest Asset Management Group LLC now owns 12,204 shares of the aerospace company’s stock worth $2,331,000 after acquiring an additional 1,406 shares during the last quarter. Virtu Financial LLC raised its stake in shares of HEICO by 148.8% during the first quarter. Virtu Financial LLC now owns 5,449 shares of the aerospace company’s stock valued at $1,041,000 after purchasing an additional 3,259 shares in the last quarter. Verity Asset Management Inc. lifted its holdings in HEICO by 2.2% in the first quarter. Verity Asset Management Inc. now owns 6,400 shares of the aerospace company’s stock worth $1,222,000 after purchasing an additional 139 shares during the period. EULAV Asset Management grew its position in HEICO by 23.4% in the 1st quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company’s stock valued at $67,250,000 after buying an additional 66,800 shares in the last quarter. Finally, Dudley & Shanley Inc. increased its stake in HEICO by 6.3% during the 2nd quarter. Dudley & Shanley Inc. now owns 19,550 shares of the aerospace company’s stock valued at $4,372,000 after buying an additional 1,150 shares during the period. 27.12% of the stock is currently owned by institutional investors.

HEICO Price Performance

Shares of NYSE:HEI opened at $271.43 on Thursday. The company has a market cap of $37.62 billion, a P/E ratio of 79.60, a price-to-earnings-growth ratio of 3.35 and a beta of 1.23. The company’s fifty day moving average is $262.13 and its two-hundred day moving average is $242.61. The company has a quick ratio of 1.47, a current ratio of 3.30 and a debt-to-equity ratio of 0.63. HEICO Co. has a 12-month low of $167.56 and a 12-month high of $283.60.

HEICO (NYSE:HEI) last issued its earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The company had revenue of $992.20 million for the quarter, compared to the consensus estimate of $995.34 million. During the same quarter in the prior year, the company earned $0.77 EPS. The firm’s quarterly revenue was up 37.3% on a year-over-year basis. Equities analysts expect that HEICO Co. will post 3.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Laurans A. Mendelson bought 725 shares of the company’s stock in a transaction on Friday, October 18th. The shares were bought at an average cost of $262.94 per share, with a total value of $190,631.50. Following the transaction, the chief executive officer now directly owns 929,984 shares in the company, valued at approximately $244,529,992.96. This trade represents a 0.08 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan Schriesheim purchased 724 shares of HEICO stock in a transaction dated Friday, October 18th. The shares were purchased at an average price of $262.94 per share, with a total value of $190,368.56. Following the completion of the acquisition, the director now owns 174,878 shares in the company, valued at $45,982,421.32. The trade was a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 2,650 shares of company stock worth $691,718 in the last quarter. 8.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HEI shares. Morgan Stanley upped their price target on shares of HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Barclays started coverage on HEICO in a research note on Monday, August 19th. They set an “equal weight” rating and a $250.00 price target for the company. UBS Group began coverage on HEICO in a report on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price objective for the company. Bank of America lifted 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. Finally, Royal Bank of Canada upped their price target on shares of HEICO from $250.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, HEICO currently has an average rating of “Moderate Buy” and a consensus price target of $270.70.

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.