Nicholas Company Inc. Has $5.88 Million Holdings in Heico Corp (HEI)
Nicholas Company Inc. lessened its holdings in shares of Heico Corp (NYSE:HEI) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,863 shares of the aerospace company’s stock after selling 4,000 shares during the period. Nicholas Company Inc. owned about 0.06% of Heico worth $5,877,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Concorde Asset Management LLC grew its position in shares of Heico by 25.5% during the 4th quarter. Concorde Asset Management LLC now owns 10,215 shares of the aerospace company’s stock worth $791,000 after purchasing an additional 2,077 shares in the last quarter. Invictus RG acquired a new position in shares of Heico during the 3rd quarter worth approximately $941,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Heico during the 3rd quarter worth approximately $309,000. Professional Planning grew its position in shares of Heico by 60.8% during the 4th quarter. Professional Planning now owns 27,628 shares of the aerospace company’s stock worth $2,005,000 after purchasing an additional 10,447 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT acquired a new position in shares of Heico during the 4th quarter worth approximately $972,000. Hedge funds and other institutional investors own 25.84% of the company’s stock.
A number of research analysts have issued reports on HEI shares. Zacks Investment Research lowered shares of Heico from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Vertical Research initiated coverage on shares of Heico in a report on Tuesday, January 22nd. They set a “buy” rating and a $91.00 price target for the company. SunTrust Banks reaffirmed a “buy” rating and set a $100.00 price target on shares of Heico in a report on Wednesday, February 27th. Finally, Cowen initiated coverage on shares of Heico in a report on Tuesday, March 5th. They set a “market perform” rating and a $95.00 price target for the company. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $94.00.
Heico (NYSE:HEI) last issued its quarterly earnings data on Monday, December 17th. The aerospace company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The business had revenue of $477.00 million during the quarter, compared to the consensus estimate of $462.91 million. Heico had a net margin of 14.86% and a return on equity of 17.40%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 EPS. On average, research analysts forecast that Heico Corp will post 2.14 earnings per share for the current year.
In related news, VP Thomas S. Irwin sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 10th. The shares were sold at an average price of $70.64, for a total value of $706,400.00. Following the completion of the transaction, the vice president now owns 38,608 shares of the company’s stock, valued at approximately $2,727,269.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alan Schriesheim acquired 1,445 shares of the company’s stock in a transaction that occurred on Tuesday, January 22nd. The stock was bought at an average cost of $79.59 per share, with a total value of $115,007.55. Following the purchase, the director now owns 24,700 shares in the company, valued at $1,965,873. The disclosure for this purchase can be found here. 9.23% of the stock is owned by corporate insiders.
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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. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.
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