HEICO (NYSE:HEI) Shares Unloaded Rep. Robert Bresnahan, Jr.

Posted by Floyd Graber on Feb 15th, 2025

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of HEICO Co. (NYSE:HEI). In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in HEICO stock on January 13th. The trade occurred in the Representative’s “JOINT OWNERSHIP LPL ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 2/7/2025.
Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 2/3/2025.
Purchased $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/3/2025.
Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 2/3/2025.
Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/29/2025.
Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/29/2025.
Sold $1,001 – $15,000 in shares of Manhattan Associates (NASDAQ:MANH) on 1/29/2025.
Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/29/2025.

HEICO Stock Down 1.9 %

Shares of NYSE:HEI opened at $220.45 on Friday. The stock has a market cap of $30.60 billion, a price-to-earnings ratio of 60.23, a PEG ratio of 3.19 and a beta of 1.29. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. HEICO Co. has a 12-month low of $182.47 and a 12-month high of $283.60. The business’s 50 day moving average is $237.82 and its 200 day moving average is $249.84.

HEICO (NYSE:HEI – Get Free Report) last posted its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts forecast that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

HEICO Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a dividend yield of 0.1%. HEICO’s payout ratio is 6.01%.

Institutional Trading of HEICO

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Freestone Grove Partners LP bought a new stake in shares of HEICO during the 4th quarter valued at $71,030,000. PDT Partners LLC bought a new stake in shares of HEICO during the 4th quarter valued at $689,000. Virtus ETF Advisers LLC raised its stake in shares of HEICO by 22.5% during the 4th quarter. Virtus ETF Advisers LLC now owns 4,631 shares of the aerospace company’s stock valued at $1,101,000 after purchasing an additional 851 shares during the period. Intrinsic Edge Capital Management LLC raised its stake in shares of HEICO by 43.5% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 32,983 shares of the aerospace company’s stock valued at $7,841,000 after purchasing an additional 10,000 shares during the period. Finally, Two Sigma Securities LLC bought a new stake in shares of HEICO during the 4th quarter valued at $360,000. 27.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on HEI. KeyCorp began coverage on HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Morgan Stanley boosted their price objective on HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Truist Financial boosted their price objective on HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, HEICO presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.20.

Read Our Latest Research Report on HEI

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About HEICO

(Get 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.