1,815 Shares in Heico Corporation $HEI Bought by Andina Capital Management LLC

Key Points

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Andina Capital Management LLC purchased a new stake in shares of Heico Corporation (NYSE:HEI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,815 shares of the aerospace company's stock, valued at approximately $485,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ridgewood Investments LLC grew its stake in Heico by 92.0% during the 1st quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company's stock worth $26,000 after buying an additional 46 shares during the last quarter. Costello Asset Management INC bought a new position in Heico during the 1st quarter worth $27,000. NBC Securities Inc. bought a new position in Heico during the 1st quarter worth $27,000. Caitong International Asset Management Co. Ltd grew its stake in Heico by 17,800.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company's stock worth $48,000 after buying an additional 178 shares during the last quarter. Finally, Banque Transatlantique SA bought a new position in Heico during the 4th quarter worth $44,000. 27.12% of the stock is currently owned by institutional investors.

Insider Transactions at Heico

In related news, Director Frank J. Schwitter sold 356 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $299.10, for a total transaction of $106,479.60. Following the completion of the sale, the director directly owned 1,500 shares of the company's stock, valued at $448,650. This represents a 19.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Laurans A. Mendelson sold 56,300 shares of the 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,656 shares of company stock valued at $28,534,115. Corporate insiders own 9.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HEI. Bank of America upped their price objective on Heico from $320.00 to $355.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Truist Financial upped their price objective on Heico from $323.00 to $352.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Zacks Research upgraded Heico to a "hold" rating in a research note on Monday, August 11th. Jefferies Financial Group reissued a "buy" rating on shares of Heico in a research note on Monday. Finally, Wells Fargo & Company increased their price target on Heico from $244.00 to $278.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $307.18.

Heico Price Performance

Shares of HEI stock traded up $2.1480 during mid-day trading on Friday, hitting $309.8680. 422,138 shares of the stock traded hands, compared to its average volume of 409,189. Heico Corporation has a twelve month low of $216.68 and a twelve month high of $338.92. 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 simple moving average is $317.63 and its 200-day simple moving average is $279.65. The firm has a market cap of $43.10 billion, a price-to-earnings ratio of 72.40, a price-to-earnings-growth ratio of 3.83 and a beta of 1.11.

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, topping analysts' consensus estimates of $1.03 by $0.09. Heico had a return on equity of 15.88% and a net margin of 14.54%.The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business earned $0.88 EPS. The company's quarterly revenue was up 14.9% compared to the same quarter last year. As a group, equities research analysts expect that Heico Corporation will post 4.2 earnings per share for the current year.

Heico Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a dividend yield of 10.0%. This is a boost from Heico's previous semi-annual dividend of $0.11. Heico's dividend payout ratio (DPR) is presently 5.61%.

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.