HWG Holdings LP Acquires Shares of 14,684 HEICO Co. (NYSE:HEI)

HWG Holdings LP acquired a new stake in HEICO Co. (NYSE:HEI - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 14,684 shares of the aerospace company's stock, valued at approximately $3,283,000. HEICO accounts for 1.2% of HWG Holdings LP's portfolio, making the stock its 20th largest holding.

Several other institutional investors have also added to or reduced their stakes in the business. Andra AP fonden purchased a new position in shares of HEICO in the second quarter valued at $45,000. Center for Financial Planning Inc. purchased a new position in HEICO during the second quarter valued at approximately $52,000. American National Bank bought a new stake in HEICO during the 2nd quarter worth approximately $66,000. Strategic Financial Concepts LLC purchased a new stake in HEICO in the 2nd quarter worth approximately $67,000. Finally, FSC Wealth Advisors LLC bought a new position in HEICO in the 2nd quarter valued at $73,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HEI has been the topic of several research analyst reports. Bank of America upped their price target on shares of HEICO from $250.00 to $285.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. Benchmark reaffirmed a "buy" rating and issued a $245.00 price target on shares of HEICO in a report on Tuesday, August 27th. Barclays assumed coverage on HEICO in a report on Monday, August 19th. They set an "equal weight" rating and a $250.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their price objective on shares of HEICO from $235.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. Finally, Royal Bank of Canada lifted their target price on shares of HEICO from $250.00 to $272.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, HEICO has a consensus rating of "Moderate Buy" and a consensus target price of $263.56.

Insider Buying and Selling

In other news, Director Frank J. Schwitter purchased 475 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average cost of $252.26 per share, for a total transaction of $119,823.50. Following the acquisition, the director now directly owns 1,730 shares of the company's stock, valued at approximately $436,409.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other HEICO news, insider Eric A. Mendelson sold 8,864 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $180.54, for a total value of $1,600,306.56. Following the completion of the sale, the insider now owns 222,401 shares in the company, valued at approximately $40,152,276.54. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Frank J. Schwitter bought 475 shares of HEICO stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average cost of $252.26 per share, for a total transaction of $119,823.50. Following the completion of the purchase, the director now directly owns 1,730 shares of the company's stock, valued at approximately $436,409.80. The disclosure for this purchase can be found here. Insiders have sold a total of 82,374 shares of company stock worth $15,061,997 in the last ninety days. 8.10% of the stock is owned by insiders.

HEICO Trading Up 0.8 %

Shares of HEI traded up $2.16 during mid-day trading on Monday, reaching $261.48. The company's stock had a trading volume of 480,116 shares, compared to its average volume of 382,391. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. HEICO Co. has a 52 week low of $155.42 and a 52 week high of $269.38. The company's fifty day moving average price is $247.05 and its two-hundred day moving average price is $224.03. The stock has a market cap of $36.21 billion, a PE ratio of 82.23, a P/E/G ratio of 3.79 and a beta of 1.22.

HEICO (NYSE:HEI - Get Free Report) last announced its quarterly earnings data on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.05. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The firm had revenue of $992.20 million for the quarter, compared to analysts' expectations of $995.34 million. During the same period last year, the firm earned $0.77 earnings per share. The company's revenue for the quarter was up 37.3% compared to the same quarter last year. On average, analysts predict that HEICO Co. will post 3.64 earnings per share for the current fiscal year.

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.