Aire Advisors LLC Takes $214,000 Position in Heico Corporation (NYSE:HEI)

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

A number of other hedge funds also recently made changes to their positions in the stock. United Capital Financial Advisors LLC increased its position in Heico by 5.7% during the 4th quarter. United Capital Financial Advisors LLC now owns 1,043 shares of the aerospace company's stock valued at $248,000 after purchasing an additional 56 shares during the period. Benjamin Edwards Inc. grew its stake in shares of 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 buying an additional 70 shares during the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of Heico by 1.1% during the first quarter. Linden Thomas Advisory Services LLC now owns 6,586 shares of the aerospace company's stock valued at $1,760,000 after acquiring an additional 73 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in Heico by 8.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 1,020 shares of the aerospace company's stock worth $242,000 after buying an additional 76 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in 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 owned by institutional investors.

Insiders Place Their Bets

In other Heico news, Director Alan Schriesheim sold 35,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $298.36, for a total transaction of $10,442,600.00. Following the completion of the sale, the director owned 122,197 shares in the company, valued at $36,458,696.92. This represents a 22.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Laurans A. Mendelson sold 56,300 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $319.45, for a total value 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. This represents a 4.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,656 shares of company stock worth $28,534,115. 9.55% of the stock is currently owned by company insiders.

Heico Trading Up 0.4%

NYSE HEI traded up $1.16 during trading hours on Thursday, hitting $322.62. 72,397 shares of the company were exchanged, compared to its average volume of 525,244. The stock has a 50-day moving average price of $304.73 and a 200 day moving average price of $266.69. 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 Corporation has a 52 week low of $216.68 and a 52 week high of $328.64. The stock has a market cap of $44.88 billion, a PE ratio of 75.38, a price-to-earnings-growth ratio of 3.94 and a beta of 1.08.

Heico (NYSE:HEI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.09. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.06 billion. Heico had a return on equity of 15.88% and a net margin of 14.54%. The firm's revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. Analysts forecast that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Heico Increases Dividend

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

Analyst Ratings Changes

HEI has been the subject of a number of research analyst reports. Truist Financial lifted their price target on shares of Heico from $323.00 to $352.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. UBS Group boosted their price objective on shares of Heico from $264.00 to $306.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. Wall Street Zen lowered shares of Heico from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Wells Fargo & Company boosted their price objective on Heico from $244.00 to $278.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Finally, Stifel Nicolaus set a $352.00 target price on shares of Heico and gave the company a "buy" rating in a research note on Tuesday, June 24th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Heico has an average rating of "Moderate Buy" and an average target price of $301.45.

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.