Capital Fund Management S.A. Purchases 10,635 Shares of Heico Corporation $HEI

Key Points

• Capital Fund Management S.A. has significantly increased its position in Heico Corporation's shares by 79.8%, acquiring a total of 23,959 shares valued at approximately $6.4 million.
• Analysts have shown a positive outlook for Heico, with several upgrades and target price increases, including a boost from Royal Bank of Canada to $335.00 and Bank of America to $355.00, while the stock currently holds a consensus rating of "Moderate Buy."
• Heico has recently announced a semi-annual dividend increase to $0.12 per share, reflecting a boost from the previous dividend rate, with a current yield of 10.0%.

Capital Fund Management S.A. boosted its position in Heico Corporation (NYSE:HEI - Free Report) by 79.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,959 shares of the aerospace company's stock after buying an additional 10,635 shares during the quarter. Capital Fund Management S.A.'s holdings in Heico were worth $6,402,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HEI. Ridgewood Investments LLC lifted its holdings in Heico by 92.0% in 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 in the last quarter. NBC Securities Inc. bought a new stake in shares of Heico during the 1st quarter valued at about $27,000. Costello Asset Management INC acquired a new stake in shares of Heico in the 1st quarter worth approximately $27,000. Banque Transatlantique SA acquired a new stake in Heico during the fourth quarter valued at approximately $44,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Heico by 17,800.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company's stock valued at $48,000 after acquiring an additional 178 shares during the period. Institutional investors and hedge funds own 27.12% of the company's stock.

Heico Trading Up 0.5%

Shares of Heico stock traded up $1.68 on Thursday, hitting $318.24. The stock had a trading volume of 109,944 shares, compared to its average volume of 515,341. The stock has a 50 day moving average of $318.29 and a 200 day moving average of $281.38. 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 firm has a market capitalization of $44.27 billion, a P/E ratio of 69.58, a PEG ratio of 4.13 and a beta of 1.11.

Heico (NYSE:HEI - Get Free Report) last announced its quarterly earnings data on Monday, August 25th. The aerospace company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.12 by $0.14. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.11 billion. Heico had a net margin of 14.96% and a return on equity of 16.68%. The company's quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 EPS. Sell-side analysts expect that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Heico Increases Dividend

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

Insider Buying and Selling at Heico

In other Heico news, Director Alan Schriesheim sold 35,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $298.36, for a total transaction of $10,442,600.00. Following the transaction, the director directly owned 122,197 shares in the company, valued at approximately $36,458,696.92. This trade represents a 22.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank J. Schwitter sold 356 shares of Heico stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total value of $106,479.60. Following the sale, the director owned 1,500 shares in the company, valued at $448,650. The trade was a 19.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,656 shares of company stock worth $28,534,115. Corporate insiders own 9.55% of the company's stock.

Analyst Ratings Changes

HEI has been the subject of several recent research reports. Truist Financial boosted their target price on shares of Heico from $352.00 to $366.00 and gave the stock a "buy" rating in a research report on Wednesday. The Goldman Sachs Group reiterated a "buy" rating on shares of Heico in a report on Wednesday. Jefferies Financial Group reiterated a "buy" rating on shares of Heico in a report on Monday, August 18th. UBS Group boosted their target price on shares of Heico from $346.00 to $375.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Bank of America boosted their target price on shares of Heico from $320.00 to $355.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $336.00.

Heico Company 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.