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

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

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HEI. NBC Securities Inc. acquired a new position in Heico during the 1st quarter worth $27,000. Banque Transatlantique SA bought a new position in Heico in the 4th quarter valued at about $44,000. Atwood & Palmer Inc. acquired a new position in Heico during the 1st quarter valued at about $80,000. TD Private Client Wealth LLC raised its position in shares of Heico by 37.5% during the 1st quarter. TD Private Client Wealth LLC now owns 458 shares of the aerospace company's stock worth $122,000 after buying an additional 125 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its stake in shares of Heico by 252.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company's stock worth $158,000 after acquiring an additional 475 shares during the period. Institutional investors and hedge funds own 27.12% of the company's stock.

Insiders Place Their Bets

In other news, Director Alan Schriesheim sold 35,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $298.36, for a total value of $10,442,600.00. Following the completion of the transaction, the director owned 122,197 shares of the company's stock, valued at approximately $36,458,696.92. This represents a 22.27% 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 Frank J. Schwitter sold 356 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total transaction of $106,479.60. Following 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 position. The disclosure for this sale can be found here. Insiders have sold 142,356 shares of company stock valued at $40,684,976 over the last ninety days. Company insiders own 9.55% of the company's stock.

Heico Trading Down 0.8%

HEI traded down $2.71 during mid-day trading on Monday, hitting $319.73. The stock had a trading volume of 294,003 shares, compared to its average volume of 481,820. Heico Corporation has a 1-year low of $216.68 and a 1-year 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 market capitalization of $44.47 billion, a price-to-earnings ratio of 75.34, a price-to-earnings-growth ratio of 4.02 and a beta of 1.08. The stock's fifty day simple moving average is $302.74 and its 200-day simple moving average is $265.77.

Heico (NYSE:HEI - Get Free Report) last announced 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. The business 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 firm's revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 earnings per share. As a group, research analysts forecast that Heico Corporation will post 4.2 EPS for the current fiscal year.

Heico Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a dividend of $0.12 per share. This is a positive change from Heico's previous semi-annual dividend of $0.11. The ex-dividend date was Tuesday, July 1st. This represents a dividend yield of 0.1%. Heico's dividend payout ratio (DPR) is currently 5.61%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HEI. UBS Group boosted their target price on Heico from $264.00 to $306.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Truist Financial lifted their target price 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. Barclays set a $280.00 price target on shares of Heico and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Wells Fargo & Company lifted their price objective on shares of Heico from $244.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Friday, May 30th. Finally, William Blair restated an "outperform" rating on shares of Heico in a report on Tuesday, March 25th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Heico has an average rating of "Moderate Buy" and an average target price of $301.45.

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.