Bahl & Gaynor Inc. Raises Stake in HEICO Co. (NYSE:HEI)

Bahl & Gaynor Inc. lifted its stake in HEICO Co. (NYSE:HEI) by 33.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,823 shares of the aerospace company’s stock after purchasing an additional 955 shares during the period. Bahl & Gaynor Inc.’s holdings in HEICO were worth $684,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in HEI. NBC Securities Inc. bought a new stake in HEICO during the third quarter valued at approximately $42,000. Beaumont Financial Advisors LLC bought a new stake in HEICO during the fourth quarter valued at approximately $200,000. Sequoia Financial Advisors LLC bought a new stake in HEICO during the fourth quarter valued at approximately $202,000. Anchor Investment Management LLC bought a new stake in HEICO during the fourth quarter valued at approximately $203,000. Finally, Prime Capital Investment Advisors LLC bought a new stake in HEICO during the fourth quarter valued at approximately $214,000. 27.12% of the stock is currently owned by institutional investors.

HEICO Price Performance

HEI stock opened at $206.46 on Friday. HEICO Co. has a one year low of $153.63 and a one year high of $209.65. The company’s fifty day moving average price is $192.77 and its 200-day moving average price is $180.73. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.40 and a current ratio of 3.17. The company has a market capitalization of $28.57 billion, a PE ratio of 67.47, a price-to-earnings-growth ratio of 3.38 and a beta of 1.16.

HEICO (NYSE:HEI) last released its earnings results on Monday, February 26th. The aerospace company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. HEICO had a net margin of 13.11% and a return on equity of 14.35%. The firm had revenue of $896.36 million for the quarter, compared to the consensus estimate of $891.32 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The company’s quarterly revenue was up 44.4% compared to the same quarter last year. On average, equities analysts anticipate that HEICO Co. will post 3.47 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Alan Schriesheim sold 26,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $192.18, for a total value of $4,996,680.00. Following the sale, the director now owns 155,862 shares in the company, valued at $29,953,559.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Frank J. Schwitter sold 400 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total value of $77,480.00. Following the sale, the director now owns 1,255 shares in the company, valued at $243,093.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan Schriesheim sold 26,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the transaction, the director now owns 155,862 shares in the company, valued at approximately $29,953,559.16. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HEI shares. Royal Bank of Canada lifted their price target on shares of HEICO from $210.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Stifel Nicolaus lifted their price target on shares of HEICO from $210.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, Bank of America raised shares of HEICO from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $204.50.

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.