2,500 Shares in Heico Corporation $HEI Purchased by Clare Market Investments LLC

Clare Market Investments LLC purchased a new stake in shares of Heico Corporation (NYSE:HEI) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 2,500 shares of the aerospace company’s stock, valued at approximately $686,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HEI. Acadian Asset Management LLC lifted its holdings in Heico by 216.7% in the first 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 period. Worldquant Millennium Advisors LLC purchased a new position in Heico during the second quarter valued at $2,338,000. PDT Partners LLC boosted its stake in Heico by 52.6% in the 2nd quarter. PDT Partners LLC now owns 39,019 shares of the aerospace company’s stock worth $12,798,000 after purchasing an additional 13,443 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Heico by 10.8% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,794 shares of the aerospace company’s stock worth $1,572,000 after buying an additional 468 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its position in Heico by 2.1% in the 2nd quarter. IHT Wealth Management LLC now owns 5,717 shares of the aerospace company’s stock valued at $1,875,000 after acquiring an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Insiders Place Their Bets

In other Heico news, Director Julie Neitzel sold 676 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total transaction of $150,748.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Bradley K. Rowen sold 1,326 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total value of $320,401.38. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HEI shares. Jefferies Financial Group reissued a “buy” rating and issued a $410.00 target price (up from $375.00) on shares of Heico in a report on Thursday, May 28th. Wall Street Zen raised Heico from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Citigroup restated a “buy” rating and issued a $410.00 price target (up from $403.00) on shares of Heico in a research report on Wednesday, July 1st. Truist Financial raised shares of Heico to a “strong-buy” rating in a report on Friday, May 1st. Finally, 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. Three 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 stock. According to data from MarketBeat.com, Heico presently has a consensus rating of “Moderate Buy” and an average target price of $372.06.

Heico Stock Performance

NYSE HEI opened at $358.27 on Tuesday. The company has a market cap of $50.04 billion, a P/E ratio of 65.26, a P/E/G ratio of 3.86 and a beta of 1.03. The business’s 50 day moving average price is $317.40 and its 200-day moving average price is $316.43. Heico Corporation has a fifty-two week low of $256.11 and a fifty-two week high of $369.48. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.36 and a current ratio of 2.92.

Heico (NYSE:HEI) last announced its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.33 by $0.33. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.25 billion. Heico had a return on equity of 17.52% and a net margin of 16.08%.Heico’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 EPS. Sell-side analysts predict that Heico Corporation will post 5.78 earnings per share for the current year.

Heico Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.13 per share. This represents a yield of 7.0%. The ex-dividend date of this dividend is Wednesday, July 1st. Heico’s dividend payout ratio (DPR) is 4.64%.

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.