2,210 Shares in Heico Corporation $HEI Purchased by Quartz Partners LLC

Quartz Partners LLC acquired a new position in Heico Corporation (NYSE:HEI) during the second quarter, HoldingsChannel reports. The institutional investor acquired 2,210 shares of the aerospace company’s stock, valued at approximately $787,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Csenge Advisory Group purchased a new position in shares of Heico during the second quarter valued at approximately $502,000. Tocqueville Asset Management L.P. purchased a new stake in shares of Heico in the 2nd quarter worth approximately $309,000. NewEdge Wealth LLC bought a new position in Heico during the 2nd quarter valued at approximately $279,000. Chancellor Financial Group WB LP bought a new position in Heico during the 2nd quarter valued at approximately $1,166,000. Finally, Alpine Woods Capital Investors LLC purchased a new position in Heico during the second quarter valued at $3,189,000. Institutional investors own 27.12% of the company’s stock.

Insiders Place Their Bets

In other Heico news, CAO Bradley K. Rowen sold 1,326 shares of the 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HEI has been the topic of several analyst reports. Susquehanna boosted their target price on Heico from $321.00 to $365.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. UBS Group restated a “neutral” rating and set a $390.00 price target (up from $371.00) on shares of Heico in a report on Monday, June 1st. Morgan Stanley set a $370.00 price target on Heico in a research report on Wednesday, July 15th. Zacks Research raised shares of Heico from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 9th. Finally, Weiss Ratings upgraded shares of Heico from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Heico currently has an average rating of “Moderate Buy” and an average price target of $379.56.

Heico Trading Down 1.2%

NYSE:HEI opened at $363.68 on Thursday. The company has a market cap of $50.79 billion, a PE ratio of 64.94, a price-to-earnings-growth ratio of 3.81 and a beta of 1.04. The company has a current ratio of 2.92, a quick ratio of 1.36 and a debt-to-equity ratio of 0.53. The company has a 50 day simple moving average of $352.33 and a two-hundred day simple moving average of $320.57. Heico Corporation has a 12 month low of $256.11 and a 12 month high of $376.86.

Heico (NYSE:HEI) last released its quarterly earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.33. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Heico had a return on equity of 17.52% and a net margin of 16.08%.The company’s revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 EPS. Research analysts forecast that Heico Corporation will post 5.95 earnings per share for the current year.

Heico Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a dividend of $0.13 per share. This represents a yield of 7.0%. The ex-dividend date was Wednesday, July 1st. Heico’s dividend payout ratio is 4.64%.

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.