3,195 Shares in Heico Corporation (NYSE:HEI) Acquired by CenterBook Partners LP

CenterBook Partners LP bought a new stake in Heico Corporation (NYSE:HEI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,195 shares of the aerospace company's stock, valued at approximately $854,000.

Other large investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its position in Heico by 5.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company's stock worth $231,000 after acquiring an additional 46 shares during the last quarter. Advisors Asset Management Inc. grew its position in Heico by 10.5% in the fourth quarter. Advisors Asset Management Inc. now owns 20,258 shares of the aerospace company's stock worth $4,816,000 after acquiring an additional 1,924 shares in the last quarter. Semanteon Capital Management LP lifted its position in Heico by 32.2% during the 4th quarter. Semanteon Capital Management LP now owns 6,120 shares of the aerospace company's stock valued at $1,455,000 after purchasing an additional 1,489 shares during the period. Fox Run Management L.L.C. bought a new position in Heico during the fourth quarter worth $354,000. Finally, Stevens Capital Management LP acquired a new position in Heico during the fourth quarter worth about $323,000. 27.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen lowered Heico from a "buy" rating to a "hold" rating in a report on Friday. Bank of America boosted their price target on Heico from $320.00 to $355.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Wells Fargo & Company increased their target price on Heico from $244.00 to $278.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. William Blair reissued an "outperform" rating on shares of Heico in a report on Tuesday, March 25th. Finally, Barclays set a $280.00 price objective on Heico and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $301.45.

Insiders Place Their Bets

In other news, Director Frank J. Schwitter sold 356 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total value of $106,479.60. Following the completion of the sale, the director directly owned 1,500 shares of the company's stock, valued at approximately $448,650. The trade was a 19.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Laurans A. Mendelson sold 56,300 shares of the 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 transaction, the chairman directly owned 1,253,127 shares of the company's stock, valued at approximately $400,311,420.15. The trade was a 4.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 142,356 shares of company stock valued at $40,684,976 in the last 90 days. Corporate insiders own 9.55% of the company's stock.

Heico Stock Performance

HEI stock traded up $1.34 on Monday, hitting $323.78. The company's stock had a trading volume of 102,256 shares, compared to its average volume of 481,082. The firm has a 50 day moving average of $302.74 and a two-hundred day moving average of $265.77. The company has a current ratio of 3.43, a quick ratio of 1.56 and a debt-to-equity ratio of 0.56. The stock has a market cap of $45.04 billion, a price-to-earnings ratio of 75.61, a price-to-earnings-growth ratio of 4.02 and a beta of 1.08. Heico Corporation has a 1 year low of $216.68 and a 1 year high of $328.64.

Heico (NYSE:HEI - Get Free Report) last issued its earnings results on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.09. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. Heico had a net margin of 14.54% and a return on equity of 15.88%. The company's revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 EPS. Equities analysts predict that Heico Corporation will post 4.2 EPS for the current fiscal year.

Heico Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were paid a dividend of $0.12 per share. This is a positive change from Heico's previous semi-annual dividend of $0.11. This represents a dividend yield of 0.1%. The ex-dividend date was Tuesday, July 1st. Heico's dividend payout ratio (DPR) is currently 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.