Heico Corporation $HEI Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd lifted its stake in shares of Heico Corporation (NYSE:HEI) by 124.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,758 shares of the aerospace company’s stock after buying an additional 2,638 shares during the quarter. WINTON GROUP Ltd’s holdings in Heico were worth $1,695,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HEI. IFC & Insurance Marketing Inc. acquired a new stake in Heico in the fourth quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC grew its holdings in Heico by 1,000.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 80 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new stake in shares of Heico in the 4th quarter valued at approximately $32,000. Miller Capital Partners Inc. purchased a new stake in shares of Heico in the 4th quarter valued at approximately $70,000. Finally, BNP Paribas acquired a new stake in shares of Heico in the 4th quarter valued at $79,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus set a $410.00 price objective on shares of Heico in a research report on Thursday, August 27th. Citigroup raised their price target on Heico from $429.00 to $441.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Morgan Stanley set a $365.00 price target on Heico and gave the stock an “equal weight” rating in a report on Wednesday, September 2nd. Zacks Research raised Heico from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 9th. Finally, Jefferies Financial Group set a $430.00 price objective on Heico and gave the company a “buy” rating in a report on Wednesday, August 26th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $395.38.

Heico Trading Up 1.1%

Shares of Heico stock opened at $315.85 on Friday. The company has a current ratio of 2.72, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $348.51 and a 200-day simple moving average of $320.66. The stock has a market cap of $44.14 billion, a price-to-earnings ratio of 52.55, a PEG ratio of 2.67 and a beta of 1.04. Heico Corporation has a 12-month low of $256.11 and a 12-month high of $376.86.

Heico (NYSE:HEI) last announced its quarterly earnings results on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the business earned $1.26 EPS. Heico’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, equities analysts forecast that Heico Corporation will post 6.23 EPS for the current fiscal year.

Heico Profile

HEICO Corporation is an aerospace, defense, industrial and electronics company that designs, manufactures and distributes products and provides related services for commercial aviation, defense, space, medical, telecommunications and other specialized markets. The company serves original equipment manufacturers, airlines, government agencies, defense contractors and other commercial customers.

HEICO operates through two principal business groups. Its Flight Support Group produces FAA-approved replacement parts and provides aircraft component repair, overhaul and maintenance services.