800 Shares in Heico Corporation (NYSE:HEI) Bought by Aire Advisors LLC

Aire Advisors LLC bought a new stake in Heico Corporation (NYSE:HEI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 800 shares of the aerospace company's stock, valued at approximately $214,000.

Other large investors also recently bought and sold shares of the company. United Capital Financial Advisors LLC lifted its stake in shares of Heico by 5.7% in the fourth quarter. United Capital Financial Advisors LLC now owns 1,043 shares of the aerospace company's stock worth $248,000 after buying an additional 56 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in Heico by 1.2% in the 4th quarter. Benjamin Edwards Inc. now owns 5,822 shares of the aerospace company's stock worth $1,384,000 after purchasing an additional 70 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in shares of Heico by 1.1% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 6,586 shares of the aerospace company's stock worth $1,760,000 after purchasing an additional 73 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in Heico by 8.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 1,020 shares of the aerospace company's stock valued at $242,000 after buying an additional 76 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in shares of Heico by 5.2% in the 4th quarter. Tidal Investments LLC now owns 1,638 shares of the aerospace company's stock worth $389,000 after acquiring an additional 81 shares during the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Heico Trading Up 0.4%

HEI opened at $322.47 on Monday. The firm has a market cap of $44.86 billion, a price-to-earnings ratio of 75.34, a price-to-earnings-growth ratio of 4.02 and a beta of 1.08. Heico Corporation has a 52 week low of $216.68 and a 52 week high of $328.64. The business's 50 day moving average is $302.74 and its two-hundred day moving average is $265.77. The company has a quick ratio of 1.56, a current ratio of 3.43 and a debt-to-equity ratio of 0.56.

Heico (NYSE:HEI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 27th. The aerospace company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.03 by $0.09. Heico had a return on equity of 15.88% and a net margin of 14.54%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the business earned $0.88 EPS. The firm's revenue was up 14.9% compared to the same quarter last year. On average, research analysts predict that Heico Corporation will post 4.2 EPS for the current year.

Heico Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were paid a $0.12 dividend. The ex-dividend date was Tuesday, July 1st. This is an increase from Heico's previous semi-annual dividend of $0.11. This represents a dividend yield of 0.1%. Heico's payout ratio is 5.61%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HEI shares. William Blair restated an "outperform" rating on shares of Heico in a research report on Tuesday, March 25th. Bank of America increased their target price on shares of Heico from $320.00 to $355.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Stifel Nicolaus set a $352.00 target price on Heico and gave the company a "buy" rating in a report on Tuesday, June 24th. Barclays set a $280.00 price objective on Heico and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Finally, UBS Group increased their price target on Heico from $264.00 to $306.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $301.45.

Insiders Place Their Bets

In other Heico news, Director Frank J. Schwitter sold 356 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $299.10, for a total transaction of $106,479.60. Following the transaction, the director directly owned 1,500 shares in the company, valued at approximately $448,650. This represents a 19.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Laurans A. Mendelson sold 56,300 shares of Heico stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $319.45, for a total transaction of $17,985,035.00. Following the sale, the chairman owned 1,253,127 shares of the company's stock, valued at approximately $400,311,420.15. The trade was a 4.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 142,356 shares of company stock worth $40,684,976 in the last ninety days. 9.55% of the stock is owned by insiders.

About Heico

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.

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