875 Shares in Heico Corporation (NYSE:HEI) Acquired by KPP Advisory Services LLC

KPP Advisory Services LLC purchased a new stake in shares of Heico Corporation (NYSE:HEI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 875 shares of the aerospace company's stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of HEI. Wealthfront Advisers LLC grew its holdings in Heico by 219,129.4% during the fourth quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock worth $5,285,970,000 after acquiring an additional 22,224,106 shares during the period. Bain Capital Public Equity Management II LLC bought a new position in shares of Heico during the 4th quarter valued at about $110,503,000. Fisher Asset Management LLC grew its stake in shares of Heico by 19.1% in the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock worth $98,791,000 after purchasing an additional 66,583 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Heico by 2.3% in the 4th quarter. Two Sigma Advisers LP now owns 371,178 shares of the aerospace company's stock worth $88,244,000 after purchasing an additional 8,300 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in Heico during the fourth quarter valued at approximately $71,030,000. Institutional investors own 27.12% of the company's stock.

Heico Stock Performance

Shares of HEI opened at $326.30 on Friday. The company has a market capitalization of $45.39 billion, a PE ratio of 76.24, a PEG ratio of 4.07 and a beta of 1.07. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.56 and a current ratio of 3.43. The company's 50 day moving average price is $282.82 and its 200 day moving average price is $257.64. Heico Corporation has a 52 week low of $216.68 and a 52 week high of $326.80.

Heico (NYSE:HEI - Get Free Report) last posted its quarterly earnings results 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 net margin of 14.54% and a return on equity of 15.88%. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the previous year, the company posted $0.88 EPS. Heico's revenue was up 14.9% on a year-over-year basis. Research analysts expect that Heico Corporation will post 4.2 EPS for the current fiscal year.

Heico Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a $0.12 dividend. This is a positive change from Heico's previous semi-annual dividend of $0.11. This represents a yield of 0.1%. The ex-dividend date is Tuesday, July 1st. Heico's dividend payout ratio is presently 5.14%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HEI shares. Barclays set a $280.00 price target on shares of Heico and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. William Blair restated an "outperform" rating on shares of Heico in a report on Tuesday, March 25th. Stifel Nicolaus set a $352.00 target price on Heico and gave the company a "buy" rating in a report on Tuesday. UBS Group lifted their price target on Heico from $264.00 to $306.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Finally, Truist Financial cut their price objective on Heico from $294.00 to $277.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $286.00.

Insider Transactions at Heico

In other Heico news, Director Alan Schriesheim sold 50,000 shares of the stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the transaction, the director now directly owns 157,197 shares of the company's stock, valued at $37,659,685.29. This represents a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Julie Neitzel sold 700 shares of the firm's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $246.23, for a total value of $172,361.00. Following the transaction, the director now owns 418 shares in the company, valued at approximately $102,924.14. This trade represents a 62.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,056 shares of company stock valued at $22,699,941 in the last three months. Corporate insiders own 9.55% of the company's stock.

Heico Profile

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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