Artemis Investment Management LLP Purchases Shares of 28,489 Heico Corporation (NYSE:HEI)

Artemis Investment Management LLP purchased a new stake in Heico Corporation (NYSE:HEI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,489 shares of the aerospace company's stock, valued at approximately $7,612,000.

Several other large investors have also recently bought and sold shares of HEI. Fisher Asset Management LLC boosted its holdings in Heico by 19.1% in the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock valued at $98,791,000 after purchasing an additional 66,583 shares during the period. Williamson Legacy Group LLC boosted its holdings in Heico by 11.2% in the 4th quarter. Williamson Legacy Group LLC now owns 3,104 shares of the aerospace company's stock valued at $738,000 after purchasing an additional 313 shares during the period. SBI Securities Co. Ltd. bought a new position in Heico in the 4th quarter valued at $135,000. Snider Financial Group boosted its holdings in Heico by 0.6% in the 4th quarter. Snider Financial Group now owns 11,438 shares of the aerospace company's stock valued at $2,719,000 after purchasing an additional 71 shares during the period. Finally, Cookson Peirce & Co. Inc. boosted its holdings in Heico by 59.8% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 3,056 shares of the aerospace company's stock valued at $727,000 after purchasing an additional 1,144 shares during the period. 27.12% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Heico news, Director Frank J. Schwitter sold 356 shares of the business's stock in a transaction dated 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 now owns 1,500 shares in the company, valued at approximately $448,650. The trade was a 19.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan Schriesheim sold 50,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the director now owns 157,197 shares in the company, valued at $37,659,685.29. The trade was a 24.13% 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 in the last 90 days. 9.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HEI has been the subject of several analyst reports. Truist Financial cut their price target on shares of Heico from $294.00 to $277.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company raised their price objective on shares of Heico from $244.00 to $278.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. William Blair restated an "outperform" rating on shares of Heico in a research report on Tuesday, March 25th. Barclays set a $280.00 price objective on shares of Heico and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Finally, Wall Street Zen upgraded shares of Heico from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $286.00.

Heico Price Performance

Shares of NYSE:HEI opened at $326.30 on Friday. The stock has a market cap of $45.39 billion, a PE ratio of 76.24, a PEG ratio of 4.07 and a beta of 1.07. The company's fifty day moving average is $282.82 and its 200 day moving average is $257.64. Heico Corporation has a 52 week low of $216.68 and a 52 week high of $326.80. 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 (NYSE:HEI - Get Free Report) last issued its earnings results on Tuesday, May 27th. The aerospace company reported $1.12 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 14.54% and a return on equity of 15.88%. The firm's revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. Research analysts anticipate that Heico Corporation will post 4.2 earnings per share for the current year.

Heico Increases Dividend

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

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.

Want to see what other hedge funds are holding HEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heico Corporation (NYSE:HEI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.