Total Wealth Planning & Management Inc. Purchases Shares of 2,674 Heico Corporation $HEI

Total Wealth Planning & Management Inc. purchased a new stake in Heico Corporation (NYSE:HEI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,674 shares of the aerospace company’s stock, valued at approximately $865,000.

Several other large investors have also recently bought and sold shares of the stock. American Century Companies Inc. increased its holdings in shares of Heico by 45.7% during the third quarter. American Century Companies Inc. now owns 769,704 shares of the aerospace company’s stock worth $248,476,000 after purchasing an additional 241,559 shares during the period. Balyasny Asset Management L.P. increased its holdings in shares of Heico by 263.2% during the third quarter. Balyasny Asset Management L.P. now owns 60,469 shares of the aerospace company’s stock worth $19,521,000 after purchasing an additional 43,821 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Heico by 12.1% during the fourth quarter. Fisher Asset Management LLC now owns 326,386 shares of the aerospace company’s stock worth $105,615,000 after purchasing an additional 35,288 shares during the period. Erste Asset Management GmbH increased its holdings in shares of Heico by 136.0% during the third quarter. Erste Asset Management GmbH now owns 59,000 shares of the aerospace company’s stock worth $18,752,000 after purchasing an additional 34,000 shares during the period. Finally, Concentric Capital Strategies LP bought a new position in shares of Heico during the third quarter worth approximately $8,466,000. 27.12% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Julie Neitzel sold 676 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total transaction of $150,748.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.86% of the company’s stock.

Heico Stock Performance

NYSE HEI opened at $333.61 on Friday. The company has a current ratio of 2.92, a quick ratio of 1.41 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $46.54 billion, a price-to-earnings ratio of 59.57, a P/E/G ratio of 3.94 and a beta of 1.03. The firm’s 50 day simple moving average is $290.94 and its 200 day simple moving average is $311.77. Heico Corporation has a 1 year low of $256.11 and a 1 year high of $361.69.

Heico (NYSE:HEI) last posted its quarterly earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.33. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.25 billion. Heico had a net margin of 16.08% and a return on equity of 17.52%. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter last year, the business posted $1.12 EPS. As a group, research analysts expect that Heico Corporation will post 5.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HEI. Jefferies Financial Group reaffirmed a “buy” rating and set a $410.00 target price (up from $375.00) on shares of Heico in a report on Thursday, May 28th. Wells Fargo & Company set a $350.00 target price on shares of Heico and gave the stock an “equal weight” rating in a report on Monday. Rothschild & Co Redburn set a $360.00 target price on shares of Heico and gave the stock a “buy” rating in a report on Wednesday, May 13th. Susquehanna increased their price target on shares of Heico from $321.00 to $365.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Finally, Citigroup reiterated a “buy” rating and set a $403.00 price target (up from $323.00) on shares of Heico in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $371.63.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.