Goodman Advisory Group LLC Acquires Shares of 1,932 Heico Corporation $HEI

Goodman Advisory Group LLC acquired a new stake in shares of Heico Corporation (NYSE:HEI) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,932 shares of the aerospace company’s stock, valued at approximately $530,000.

Other large investors have also recently made changes to their positions in the company. IFC & Insurance Marketing Inc. purchased a new position in Heico during the 4th quarter worth $26,000. CBIZ Investment Advisory Services LLC increased its position in shares of Heico by 1,000.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 80 shares during the last quarter. Birchwood Financial Partners Inc. bought a new stake in shares of Heico during the 4th quarter worth $32,000. V Square Quantitative Management LLC bought a new stake in Heico in the fourth quarter worth about $37,000. Finally, FNY Investment Advisers LLC raised its holdings in shares of Heico by 862.5% in the 4th quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 138 shares during the period. 27.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HEI has been the topic of several research reports. Truist Financial raised shares of Heico to a “strong-buy” rating in a research report on Friday, May 1st. Citigroup reaffirmed a “buy” rating and issued a $403.00 price target (up from $323.00) on shares of Heico in a report on Monday, June 1st. Wells Fargo & Company set a $350.00 price objective on shares of Heico and gave the company an “equal weight” rating in a research report on Monday, June 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a $410.00 target price (up from $375.00) on shares of Heico in a report on Thursday, May 28th. Finally, Royal Bank Of Canada increased their price target on shares of Heico from $375.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $371.62.

Heico Stock Performance

Shares of HEI opened at $344.83 on Friday. The company has a 50-day simple moving average of $307.94 and a two-hundred day simple moving average of $314.38. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.92 and a quick ratio of 1.36. The firm has a market capitalization of $48.16 billion, a PE ratio of 61.58, a price-to-earnings-growth ratio of 3.68 and a beta of 1.03. Heico Corporation has a one year low of $256.11 and a one year high of $361.69.

Heico (NYSE:HEI) last announced its earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.33. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.25 billion. Heico had a return on equity of 17.52% and a net margin of 16.08%.The business’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.12 EPS. On average, analysts anticipate that Heico Corporation will post 5.78 EPS for the current fiscal year.

Heico Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, July 1st. This represents a dividend yield of 8.0%. Heico’s dividend payout ratio is presently 4.29%.

Insiders Place Their Bets

In other Heico news, CAO Bradley K. Rowen sold 1,326 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total value of $320,401.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julie Neitzel sold 676 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total value of $150,748.00. The SEC filing for this sale provides additional information. 4.86% of the stock is currently owned by company insiders.

Heico 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.