Heico Corporation $HEI Stock Holdings Lifted by American Century Companies Inc.

Key Points

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American Century Companies Inc. boosted its holdings in Heico Corporation (NYSE:HEI - Free Report) by 11.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 312,615 shares of the aerospace company's stock after purchasing an additional 31,834 shares during the quarter. American Century Companies Inc. owned approximately 0.22% of Heico worth $83,528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. United Capital Financial Advisors LLC raised its position in shares of Heico by 5.7% in the 4th 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 during the period. NewEdge Advisors LLC raised its position in shares of Heico by 6.7% in the 4th quarter. NewEdge Advisors LLC now owns 1,542 shares of the aerospace company's stock worth $367,000 after buying an additional 97 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Heico by 153.4% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,434 shares of the aerospace company's stock worth $1,054,000 after buying an additional 2,684 shares during the period. TD Waterhouse Canada Inc. raised its position in shares of Heico by 7.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 5,295 shares of the aerospace company's stock worth $1,259,000 after buying an additional 365 shares during the period. Finally, ClearAlpha Technologies LP purchased a new position in shares of Heico in the 4th quarter worth $360,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HEI has been the topic of several research reports. Wall Street Zen lowered Heico from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Barclays set a $280.00 target price on Heico and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Zacks Research raised Heico to a "hold" rating in a research report on Monday, August 11th. Jefferies Financial Group reissued a "buy" rating on shares of Heico in a research report on Monday. Finally, Morgan Stanley raised their price objective on Heico from $305.00 to $330.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $301.45.

Insider Buying and Selling

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 value of $10,442,600.00. Following the transaction, the director owned 122,197 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. Also, Chairman Laurans A. Mendelson sold 56,300 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $319.45, for a total value of $17,985,035.00. Following the completion of the transaction, the chairman directly owned 1,253,127 shares in the company, valued at $400,311,420.15. This represents a 4.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 91,656 shares of company stock valued at $28,534,115 over the last quarter. Corporate insiders own 9.55% of the company's stock.

Heico Stock Performance

Shares of HEI traded up $2.9310 during mid-day trading on Wednesday, reaching $307.4310. 496,865 shares of the company's stock traded hands, compared to its average volume of 393,701. The business's 50-day moving average price is $317.47 and its 200-day moving average price is $278.66. The stock has a market capitalization of $42.76 billion, a P/E ratio of 71.83, a price-to-earnings-growth ratio of 3.79 and a beta of 1.11. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.56 and a current ratio of 3.43. Heico Corporation has a 12 month low of $216.68 and a 12 month high of $338.92.

Heico (NYSE:HEI - Get Free Report) last announced its earnings results on Tuesday, May 27th. The aerospace company reported $1.12 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the previous year, the company earned $0.88 earnings per share. The firm's quarterly revenue was up 14.9% compared to the same quarter last year. Equities analysts predict that Heico Corporation will post 4.2 earnings per share for the current year.

Heico Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This is a positive change from Heico's previous semi-annual dividend of $0.11. This represents a yield of 10.0%. Heico's dividend payout ratio is presently 5.61%.

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.