HEICO Co. (NYSE:HEI) Short Interest Update

HEICO Co. (NYSE:HEI) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,950,000 shares, a growth of 7.7% from the October 15th total of 1,810,000 shares. Approximately 4.6% of the shares of the company are sold short. Based on an average daily volume of 374,500 shares, the days-to-cover ratio is currently 5.2 days.

Insider Transactions at HEICO

In other news, Director Frank J. Schwitter acquired 475 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average price of $252.26 per share, with a total value of $119,823.50. Following the completion of the transaction, the director now directly owns 1,730 shares of the company’s stock, valued at $436,409.80. This trade represents a 37.85 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Schriesheim sold 332 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $201.63, for a total transaction of $66,941.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 2,650 shares of company stock valued at $691,718. 8.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Morse Asset Management Inc increased its stake in shares of HEICO by 0.6% in the 3rd quarter. Morse Asset Management Inc now owns 6,207 shares of the aerospace company’s stock valued at $1,623,000 after acquiring an additional 38 shares in the last quarter. Centaurus Financial Inc. increased its position in shares of HEICO by 8.9% during the 3rd quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock valued at $191,000 after purchasing an additional 60 shares during the last quarter. Moody Lynn & Lieberson LLC raised its holdings in shares of HEICO by 1.8% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 4,186 shares of the aerospace company’s stock worth $1,095,000 after purchasing an additional 73 shares during the period. Clear Harbor Asset Management LLC raised its stake in HEICO by 0.4% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 22,845 shares of the aerospace company’s stock valued at $5,109,000 after acquiring an additional 80 shares during the period. Finally, MGB Wealth Management LLC raised its position in shares of HEICO by 3.6% in the third quarter. MGB Wealth Management LLC now owns 2,900 shares of the aerospace company’s stock valued at $758,000 after purchasing an additional 100 shares during the period. 27.12% of the stock is owned by institutional investors.

HEICO Trading Down 0.0 %

HEI opened at $269.65 on Tuesday. The firm has a market capitalization of $37.37 billion, a price-to-earnings ratio of 79.11, a PEG ratio of 3.28 and a beta of 1.23. The company’s 50 day moving average price is $259.92 and its two-hundred day moving average price is $239.87. 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 has a fifty-two week low of $167.56 and a fifty-two week high of $281.15.

HEICO (NYSE:HEI) last posted its quarterly earnings data on Monday, August 26th. The aerospace company reported $0.97 EPS for the quarter, topping 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 analyst estimates of $995.34 million. During the same period in the previous year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 37.3% on a year-over-year basis. As a group, research analysts predict that HEICO will post 3.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

HEI has been the topic of a number of recent analyst reports. Barclays started coverage on shares of HEICO in a research note on Monday, August 19th. They issued an “equal weight” rating and a $250.00 price objective on the stock. Truist Financial boosted their price target on HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Bank of America raised their price objective on HEICO from $250.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. UBS Group assumed coverage on HEICO in a research note on Tuesday, October 15th. They set a “neutral” rating and a $277.00 target price for the company. Finally, Robert W. Baird raised their price target on shares of HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus 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.