Dynasty Wealth Management LLC Buys New Holdings in Heico Corporation (NYSE:HEI)

Dynasty Wealth Management LLC bought a new position in Heico Corporation (NYSE:HEI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 781 shares of the aerospace company's stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HEI. Artemis Investment Management LLP acquired a new stake in Heico in the 1st quarter worth $7,612,000. EntryPoint Capital LLC bought a new position in Heico during the 4th quarter valued at about $220,000. Praxis Investment Management Inc. raised its stake in shares of Heico by 24.9% in the first quarter. Praxis Investment Management Inc. now owns 8,830 shares of the aerospace company's stock worth $2,359,000 after acquiring an additional 1,760 shares during the last quarter. Freedom Day Solutions LLC bought a new position in shares of Heico in the first quarter worth about $2,653,000. Finally, Eos Management L.P. grew its position in shares of Heico by 117.0% during the 1st quarter. Eos Management L.P. now owns 15,534 shares of the aerospace company's stock worth $4,151,000 after buying an additional 8,376 shares during the period. Hedge funds and other institutional investors own 27.12% of the company's stock.

Insider Buying and Selling

In related news, Chairman Laurans A. Mendelson sold 56,300 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $319.45, for a total transaction of $17,985,035.00. Following the completion of the transaction, the chairman owned 1,253,127 shares in the company, valued at $400,311,420.15. This represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank J. Schwitter sold 356 shares of the company's 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 completion of the sale, the director directly owned 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 142,356 shares of company stock worth $40,684,976. Company insiders own 9.55% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on HEI shares. William Blair reissued an "outperform" rating on shares of Heico in a research report on Tuesday, March 25th. Morgan Stanley upped their price target on shares of Heico from $305.00 to $330.00 and gave the stock an "equal weight" rating in a research report on Thursday. Truist Financial upped their price target on shares of Heico from $323.00 to $352.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Wall Street Zen lowered shares of Heico from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Wells Fargo & Company upped their price objective on shares of Heico from $244.00 to $278.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Heico has an average rating of "Moderate Buy" and a consensus price target of $301.45.

Heico Stock Performance

Shares of NYSE HEI traded up $1.43 during mid-day trading on Friday, reaching $322.47. 329,663 shares of the company's stock were exchanged, compared to its average volume of 482,020. The firm has a market capitalization of $44.86 billion, a price-to-earnings ratio of 75.34, a price-to-earnings-growth ratio of 4.00 and a beta of 1.08. Heico Corporation has a 52 week low of $216.68 and a 52 week high of $328.64. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.43 and a quick ratio of 1.56. The firm has a 50-day moving average price of $302.74 and a two-hundred day moving average price of $265.38.

Heico (NYSE:HEI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.09. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.06 billion. Heico had a return on equity of 15.88% and a net margin of 14.54%. The firm's quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 EPS. Analysts predict that Heico Corporation will post 4.2 EPS for the current 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 given a $0.12 dividend. The ex-dividend date was Tuesday, July 1st. This represents a yield of 0.1%. This is an increase from Heico's previous semi-annual dividend of $0.11. Heico's 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.