KPP Advisory Services LLC Acquires New Holdings in Heico Corporation (NYSE:HEI)

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

Several other large investors have also recently added to or reduced their stakes in HEI. NBC Securities Inc. acquired a new position in shares of Heico during the first quarter worth about $27,000. Banque Transatlantique SA purchased a new stake in shares of Heico during the 4th quarter valued at about $44,000. Atwood & Palmer Inc. acquired a new position in Heico during the 1st quarter worth approximately $80,000. SBI Securities Co. Ltd. purchased a new position in Heico in the 4th quarter worth approximately $135,000. Finally, Aster Capital Management DIFC Ltd boosted its holdings in Heico by 252.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company's stock worth $158,000 after acquiring an additional 475 shares during the period. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Julie Neitzel sold 700 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total transaction of $172,361.00. Following the sale, the director directly owned 418 shares in the company, valued at approximately $102,924.14. This represents a 62.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank J. Schwitter sold 356 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $299.10, for a total value of $106,479.60. Following the transaction, the director owned 1,500 shares of the company's stock, valued at $448,650. This represents a 19.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,056 shares of company stock worth $22,699,941 over the last quarter. 9.55% of the stock is owned by company insiders.

Heico Stock Performance

Shares of HEI traded down $6.23 during mid-day trading on Tuesday, hitting $321.77. The stock had a trading volume of 547,069 shares, compared to its average volume of 480,677. Heico Corporation has a fifty-two week low of $216.68 and a fifty-two week high of $328.64. The company has a quick ratio of 1.56, a current ratio of 3.43 and a debt-to-equity ratio of 0.56. The company has a market cap of $44.76 billion, a PE ratio of 75.18, a PEG ratio of 4.16 and a beta of 1.08. The company's fifty day simple moving average is $286.25 and its two-hundred day simple moving average is $258.59.

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

Heico Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $0.12 per share. This represents a dividend yield of 0.1%. The ex-dividend date is Tuesday, July 1st. This is an increase from Heico's previous semi-annual dividend of $0.11. Heico's dividend payout ratio is currently 5.14%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Heico from $244.00 to $278.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. Truist Financial dropped their price target on shares of Heico from $294.00 to $277.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. William Blair reissued an "outperform" rating on shares of Heico in a research report on Tuesday, March 25th. Barclays set a $280.00 target price on Heico and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Finally, Stifel Nicolaus set a $352.00 price target on Heico and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $286.00.

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.