CW Advisors LLC Has $9.72 Million Stock Position in Heico Corporation $HEI

CW Advisors LLC lifted its stake in shares of Heico Corporation (NYSE:HEI) by 648.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,646 shares of the aerospace company’s stock after purchasing an additional 25,684 shares during the quarter. CW Advisors LLC’s holdings in Heico were worth $9,724,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HEI. Avalon Capital Management raised its stake in Heico by 0.9% during the 2nd quarter. Avalon Capital Management now owns 3,895 shares of the aerospace company’s stock worth $1,278,000 after buying an additional 33 shares during the period. Ridgewood Investments LLC increased its holdings in shares of Heico by 36.5% during the second quarter. Ridgewood Investments LLC now owns 131 shares of the aerospace company’s stock valued at $43,000 after acquiring an additional 35 shares in the last quarter. Barrett & Company Inc. raised its position in shares of Heico by 1.6% during the second quarter. Barrett & Company Inc. now owns 3,216 shares of the aerospace company’s stock worth $1,055,000 after purchasing an additional 50 shares during the period. Emerald Advisers LLC lifted its holdings in shares of Heico by 1.9% in the 2nd quarter. Emerald Advisers LLC now owns 3,000 shares of the aerospace company’s stock worth $984,000 after purchasing an additional 56 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC grew its position in Heico by 1.4% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 4,230 shares of the aerospace company’s stock valued at $1,387,000 after purchasing an additional 60 shares during the period. 27.12% of the stock is owned by institutional investors.

Insider Activity at Heico

In related news, Director Mark H. Hildebrandt bought 676 shares of the company’s stock in a transaction on Friday, October 10th. The shares were purchased at an average cost of $243.93 per share, for a total transaction of $164,896.68. Following the completion of the purchase, the director directly owned 49,423 shares in the company, valued at $12,055,752.39. The trade was a 1.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Julie Neitzel bought 676 shares of Heico stock in a transaction dated Friday, October 10th. The shares were bought at an average cost of $243.93 per share, with a total value of $164,896.68. Following the completion of the transaction, the director directly owned 676 shares in the company, valued at approximately $164,896.68. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 4,448 shares of company stock valued at $1,086,933 in the last 90 days. 9.55% of the stock is currently owned by company insiders.

Heico Stock Up 2.0%

Shares of NYSE:HEI opened at $315.57 on Friday. The company has a market capitalization of $43.93 billion, a PE ratio of 69.05, a price-to-earnings-growth ratio of 3.04 and a beta of 1.04. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.35 and a quick ratio of 1.51. The business has a fifty day moving average price of $314.95 and a two-hundred day moving average price of $313.13. Heico Corporation has a 1 year low of $216.68 and a 1 year high of $338.92.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HEI. BNP Paribas set a $330.00 price objective on shares of Heico in a report on Tuesday, November 18th. Jefferies Financial Group restated a “buy” rating on shares of Heico in a report on Monday, August 18th. Bank of America lifted their price target on Heico from $355.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. BNP Paribas Exane initiated coverage on Heico in a report on Tuesday, November 18th. They set a “neutral” rating and a $330.00 price objective for the company. Finally, Wall Street Zen lowered Heico from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $343.62.

Heico Company Profile

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.