Heico Corporation $HEI Shares Acquired by Snider Financial Group

Snider Financial Group increased its holdings in shares of Heico Corporation (NYSE:HEI) by 17.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,471 shares of the aerospace company’s stock after purchasing an additional 2,044 shares during the quarter. Heico makes up approximately 1.2% of Snider Financial Group’s portfolio, making the stock its 27th biggest position. Snider Financial Group’s holdings in Heico were worth $4,349,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its position in shares of Heico by 216.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,381 shares of the aerospace company’s stock worth $368,000 after buying an additional 945 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in Heico in the second quarter valued at $215,000. Sagespring Wealth Partners LLC acquired a new position in Heico in the second quarter valued at $212,000. Bayforest Capital Ltd grew its holdings in shares of Heico by 51.9% during the second quarter. Bayforest Capital Ltd now owns 351 shares of the aerospace company’s stock worth $115,000 after purchasing an additional 120 shares during the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of Heico by 17.9% in the 2nd quarter. Harbour Investments Inc. now owns 454 shares of the aerospace company’s stock valued at $149,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HEI. Wall Street Zen lowered Heico from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $375.00 target price (up from $355.00) on shares of Heico in a report on Monday, December 22nd. UBS Group reiterated a “neutral” rating and issued a $371.00 price target (up previously from $359.00) on shares of Heico in a research report on Monday, December 22nd. Stifel Nicolaus set a $370.00 price objective on shares of Heico and gave the stock a “buy” rating in a research report on Monday, December 22nd. Finally, Susquehanna assumed coverage on shares of Heico in a report on Friday, January 23rd. They issued a “neutral” rating and a $385.00 target price for the company. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $364.43.

Heico Stock Up 1.3%

Shares of Heico stock opened at $332.77 on Friday. The company has a market cap of $46.37 billion, a P/E ratio of 67.77, a PEG ratio of 3.67 and a beta of 1.01. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 2.83. Heico Corporation has a one year low of $216.68 and a one year high of $361.69. The firm has a fifty day moving average of $332.16 and a two-hundred day moving average of $321.58.

Heico (NYSE:HEI) last issued its earnings results on Thursday, December 18th. The aerospace company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.11. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. Heico had a net margin of 15.39% and a return on equity of 16.80%. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 earnings per share. On average, analysts forecast that Heico Corporation will post 4.2 earnings per share for the current year.

Heico Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, January 20th. Shareholders of record on Monday, January 5th were given a dividend of $0.12 per share. The ex-dividend date was Monday, January 5th. This represents a yield of 7.0%. Heico’s payout ratio is presently 4.89%.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.