Heico Corporation $HEI Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its position in shares of Heico Corporation (NYSE:HEI) by 30.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,357 shares of the aerospace company’s stock after acquiring an additional 2,619 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Heico were worth $3,488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HEI. NFSG Corp purchased a new stake in shares of Heico in the 3rd quarter valued at approximately $31,000. Compass Wealth Management LLC acquired a new stake in shares of Heico during the 3rd quarter worth approximately $61,000. Osterweis Capital Management Inc. acquired a new stake in shares of Heico during the 2nd quarter worth approximately $81,000. Oslo Pensjonsforsikring AS purchased a new stake in shares of Heico during the 1st quarter valued at approximately $100,000. Finally, Parvin Asset Management LLC purchased a new stake in shares of Heico during the 2nd quarter valued at approximately $145,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Carol Fine purchased 795 shares of the firm’s stock in a transaction on Thursday, October 8th. The shares were bought at an average cost of $220.30 per share, for a total transaction of $175,138.50. Following the completion of the purchase, the director directly owned 1,467 shares of the company’s stock, valued at approximately $323,180.10. This trade represents a 118.30% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Adolfo Henriques purchased 795 shares of the stock in a transaction dated Thursday, October 8th. The shares were purchased at an average price of $220.30 per share, with a total value of $175,138.50. Following the completion of the transaction, the director owned 24,864 shares of the company’s stock, valued at approximately $5,477,539.20. This trade represents a 3.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 5,362 shares of company stock valued at $1,225,430 over the last quarter. 4.86% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HEI has been the topic of a number of recent analyst reports. Citigroup upped their price objective on Heico from $429.00 to $441.00 and gave the company a “buy” rating in a report on Friday, August 28th. Wells Fargo & Company reduced their target price on Heico from $350.00 to $335.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft upped their price target on Heico from $421.00 to $425.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Truist Financial increased their price target on Heico from $397.00 to $412.00 and gave the stock a “buy” rating in a report on Tuesday, September 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Heico in a report on Wednesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $387.33.

Heico Stock Performance

Shares of HEI stock opened at $342.31 on Tuesday. The firm’s 50 day moving average price is $310.91 and its 200-day moving average price is $319.51. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72. Heico Corporation has a one year low of $256.11 and a one year high of $376.86. The firm has a market cap of $47.84 billion, a P/E ratio of 56.96, a P/E/G ratio of 2.48 and a beta of 1.09.

Heico (NYSE:HEI) last posted its quarterly earnings data on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.16. Heico had a net margin of 16.38% and a return on equity of 18.00%. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the company posted $1.26 EPS. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. As a group, equities research analysts predict that Heico Corporation will post 6.29 EPS for the current year.

Heico Company Profile

HEICO Corporation is an aerospace and electronics company that develops, manufactures and services products for commercial aviation, defense, space and other markets. Its Flight Support Group supplies replacement parts for aircraft and provides repair and overhaul services for aircraft components, while its Electronic Technologies Group makes specialized electronic, electro-optical and other technology products.

The company’s products and services support airlines, aircraft operators, original equipment manufacturers, government agencies and defense contractors.