Fox Run Management L.L.C. Takes Position in Heico Corporation $HEI

Fox Run Management L.L.C. acquired a new position in Heico Corporation (NYSE:HEI) during Q2, purchasing 6,079 shares valued at approximately $1.99 million, making it the 27th largest holding. Other institutional investors also increased their stakes. Heico's stock opened at $323.33, with a market cap of $45.01 billion and a P/E ratio of 70.75. The company reported a quarterly EPS of $1.26, exceeding estimates, and a revenue of $1.15 billion, up 15.7% year-over-year. Analysts have given Heico a mix of buy and hold ratings, with price targets ranging from $330 to $400.

Fox Run Management L.L.C. acquired a new position in Heico Corporation (NYSE:HEI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,079 shares of the aerospace company's stock, valued at approximately $1,994,000. Heico comprises about 0.3% of Fox Run Management L.L.C.'s holdings, making the stock its 27th largest holding.

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A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Nvwm LLC acquired a new stake in shares of Heico during the second quarter worth about $1,189,000. Andra AP fonden purchased a new position in Heico during the 2nd quarter worth approximately $66,000. Asahi Life Asset Management CO. LTD. acquired a new stake in Heico during the 2nd quarter valued at approximately $428,000. Ovata Capital Management Ltd purchased a new stake in shares of Heico in the 2nd quarter valued at $1,640,000. Finally, Corton Capital Inc. acquired a new stake in shares of Heico in the second quarter worth $230,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

Insider Transactions at Heico

In related news, Director Julie Neitzel acquired 676 shares of the firm's stock in a transaction on Friday, October 10th. The shares were acquired at an average cost of $243.93 per share, with a total value of $164,896.68. Following the completion of the acquisition, the director directly owned 676 shares in the company, valued at approximately $164,896.68. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas M. Culligan bought 676 shares of the company's stock in a transaction dated Friday, October 10th. The stock was bought at an average price of $243.93 per share, for a total transaction of $164,896.68. Following the transaction, the director owned 11,030 shares of the company's stock, valued at approximately $2,690,547.90. This trade represents a 6.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 4,448 shares of company stock worth $1,086,933 in the last ninety days. Company insiders own 9.55% of the company's stock.

Heico Stock Performance

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NYSE HEI opened at $323.33 on Friday. The stock has a market capitalization of $45.01 billion, a price-to-earnings ratio of 70.75, a PEG ratio of 3.64 and a beta of 1.08. The stock has a 50-day moving average of $316.83 and a 200 day moving average of $305.97. The company has a current ratio of 3.35, a quick ratio of 1.51 and a debt-to-equity ratio of 0.58. Heico Corporation has a twelve month low of $216.68 and a twelve month high of $338.92.

Heico (NYSE:HEI - Get Free Report) last issued its quarterly earnings data on Monday, August 25th. The aerospace company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.12 by $0.14. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.11 billion. Heico had a return on equity of 16.29% and a net margin of 14.96%.Heico's quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last year, the company earned $0.97 earnings per share. Sell-side analysts anticipate that Heico Corporation will post 4.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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HEI has been the subject of a number of research reports. Wall Street Zen upgraded shares of Heico from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. UBS Group boosted their price objective on Heico from $346.00 to $375.00 and gave the company a "neutral" rating in a report on Wednesday, August 27th. Morgan Stanley upped their target price on Heico from $305.00 to $330.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Heico in a research report on Wednesday. Finally, Bank of America boosted their price target on Heico from $355.00 to $400.00 and gave the company a "buy" rating in a report on Friday, September 5th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Heico presently has an average rating of "Moderate Buy" and a consensus target price of $346.09.

Check Out Our Latest Analysis on Heico

About Heico

(Free Report)

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.

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