Gunderson Capital Management Inc. Raises Holdings in HEICO Co. (NYSE:HEI)

Gunderson Capital Management Inc. increased its position in HEICO Co. (NYSE:HEI) by 15.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,571 shares of the aerospace company’s stock after acquiring an additional 1,818 shares during the quarter. HEICO comprises 1.5% of Gunderson Capital Management Inc.’s investment portfolio, making the stock its 24th largest holding. Gunderson Capital Management Inc.’s holdings in HEICO were worth $3,549,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HEI. Bright Rock Capital Management LLC bought a new position in shares of HEICO in the third quarter worth $1,830,000. HWG Holdings LP purchased a new stake in HEICO during the 2nd quarter worth about $3,283,000. Driehaus Capital Management LLC boosted its stake in HEICO by 66.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock worth $43,357,000 after purchasing an additional 77,067 shares during the period. Security National Bank of SO Dak purchased a new position in HEICO during the 2nd quarter valued at about $206,000. Finally, Scientech Research LLC bought a new stake in shares of HEICO during the second quarter valued at about $534,000. 27.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Bank of America raised their price objective on shares of HEICO from $250.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Benchmark restated a “buy” rating and set a $245.00 price target on shares of HEICO in a research report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft increased their target price on HEICO from $235.00 to $271.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Truist Financial upped their price target on HEICO from $248.00 to $264.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, Robert W. Baird raised their price target on HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $263.56.

HEICO Stock Up 0.3 %

HEICO stock traded up $0.74 on Wednesday, hitting $260.74. 42,097 shares of the stock traded hands, compared to its average volume of 377,319. The business’s fifty day simple moving average is $250.40 and its 200 day simple moving average is $227.02. The firm has a market cap of $36.11 billion, a P/E ratio of 81.75, a price-to-earnings-growth ratio of 3.79 and a beta of 1.22. 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 1 year low of $155.42 and a 1 year high of $269.38.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The business had revenue of $992.20 million for the quarter, compared to analysts’ expectations of $995.34 million. During the same quarter in the prior year, the company earned $0.77 earnings per share. The business’s revenue was up 37.3% compared to the same quarter last year. As a group, sell-side analysts forecast that HEICO Co. will post 3.64 earnings per share for the current year.

Insider Transactions at HEICO

In other HEICO news, Director Alan Schriesheim sold 332 shares of HEICO stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $201.63, for a total value of $66,941.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Alan Schriesheim sold 332 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $201.63, for a total value of $66,941.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frank J. Schwitter acquired 475 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 1,730 shares of the company’s stock, valued at $436,409.80. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 73,842 shares of company stock valued at $13,528,631. Insiders own 8.10% of the company’s stock.

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.