Brooklyn Investment Group Takes Position in HEICO Co. (NYSE:HEI)

Brooklyn Investment Group bought a new position in shares of HEICO Co. (NYSE:HEI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 491 shares of the aerospace company’s stock, valued at approximately $128,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Centaurus Financial Inc. increased its stake 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 acquiring an additional 60 shares during the last quarter. Moody Lynn & Lieberson LLC increased its position in HEICO by 1.8% during the third 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 last quarter. Clear Harbor Asset Management LLC raised its stake in HEICO by 0.4% during the second quarter. Clear Harbor Asset Management LLC now owns 22,845 shares of the aerospace company’s stock worth $5,109,000 after purchasing an additional 80 shares during the period. MGB Wealth Management LLC boosted its holdings in shares of HEICO by 3.6% in the 3rd 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 last quarter. Finally, Avalon Capital Management grew its stake in shares of HEICO by 3.5% during the 2nd quarter. Avalon Capital Management now owns 3,613 shares of the aerospace company’s stock valued at $808,000 after buying an additional 123 shares during the period. 27.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HEICO

In other news, CEO Laurans A. Mendelson acquired 725 shares of HEICO stock in a transaction that occurred on Friday, October 18th. The shares were purchased at an average cost of $262.94 per share, for a total transaction of $190,631.50. Following the completion of the purchase, the chief executive officer now directly owns 929,984 shares of the company’s stock, valued at $244,529,992.96. This trade represents a 0.08 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Victor H. Mendelson bought 726 shares of the stock in a transaction on Friday, October 18th. The shares were acquired at an average price of $262.94 per share, with a total value of $190,894.44. Following the purchase, the insider now owns 1,234,950 shares of the company’s stock, valued at $324,717,753. The trade was a 0.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 2,650 shares of company stock valued at $691,718. 8.10% of the stock is currently owned by corporate insiders.

HEICO Stock Performance

NYSE:HEI opened at $271.43 on Thursday. The firm has a 50-day moving average of $262.13 and a two-hundred day moving average of $242.61. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47. The stock has a market cap of $37.62 billion, a P/E ratio of 79.60, a PEG ratio of 3.35 and a beta of 1.23. HEICO Co. has a 1-year low of $167.56 and a 1-year high of $283.60.

HEICO (NYSE:HEI) last issued its quarterly earnings data 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 firm had revenue of $992.20 million during the quarter, compared to analyst estimates of $995.34 million. During the same quarter last year, the firm earned $0.77 EPS. HEICO’s quarterly revenue was up 37.3% on a year-over-year basis. On average, research analysts expect that HEICO Co. will post 3.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HEI has been the topic of a number of research analyst reports. Bank of America lifted their target price on HEICO from $250.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Barclays started coverage on HEICO in a research note on Monday, August 19th. They issued an “equal weight” rating and a $250.00 price objective on the stock. UBS Group initiated coverage on HEICO in a report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 target price for the company. 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 report on Wednesday, August 28th. Finally, Morgan Stanley boosted their price objective 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. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, HEICO currently has a consensus rating of “Moderate Buy” and an average target price 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.