802 Shares in Heico Corporation (NYSE:HEI) Purchased by Enhancing Capital LLC

Key Points

• Enhancing Capital LLC has purchased a new stake in Heico Corporation, acquiring 802 shares valued at approximately $214,000 during the first quarter.
• Heico recently reported a quarterly EPS of $1.12, exceeding analysts' expectations, with revenue of $1.10 billion, a 14.9% year-over-year increase.
• The company declared a semi-annual dividend of $0.12 per share, up from the previous $0.11, representing a yield of 10.0%.

Enhancing Capital LLC purchased a new stake in shares of Heico Corporation (NYSE:HEI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 802 shares of the aerospace company's stock, valued at approximately $214,000.

Several other institutional investors have also added to or reduced their stakes in HEI. Motley Fool Asset Management LLC increased its stake in Heico by 14.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 2,025 shares of the aerospace company's stock valued at $541,000 after purchasing an additional 249 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Heico in the first quarter worth approximately $396,000. Entropy Technologies LP bought a new stake in shares of Heico in the first quarter worth approximately $1,796,000. Benjamin Edwards Inc. grew its stake in shares of Heico by 16.1% in the first quarter. Benjamin Edwards Inc. now owns 6,757 shares of the aerospace company's stock worth $1,805,000 after acquiring an additional 935 shares during the period. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of Heico in the first quarter worth approximately $222,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

Insider Transactions at Heico

In related news, Chairman Laurans A. Mendelson sold 56,300 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $319.45, for a total value of $17,985,035.00. Following the sale, the chairman owned 1,253,127 shares of the company's stock, valued at $400,311,420.15. The trade was a 4.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan Schriesheim sold 35,000 shares of Heico stock in a transaction on 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. The trade was a 22.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 91,656 shares of company stock valued at $28,534,115. 9.55% of the stock is owned by corporate insiders.

Heico Trading Down 1.1%

Shares of NYSE:HEI traded down $3.47 during midday trading on Friday, reaching $307.73. The company had a trading volume of 243,505 shares, compared to its average volume of 380,180. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.56 and a current ratio of 3.43. Heico Corporation has a 1-year low of $216.68 and a 1-year high of $338.92. The firm has a market cap of $42.81 billion, a price-to-earnings ratio of 71.90, a price-to-earnings-growth ratio of 3.87 and a beta of 1.11. The company has a fifty day simple moving average of $317.19 and a two-hundred day simple moving average of $277.23.

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

Heico Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HEI shares. Stifel Nicolaus set a $352.00 target price on shares of Heico and gave the company a "buy" rating in a research note on Tuesday, June 24th. Bank of America raised their price target on shares of Heico from $320.00 to $355.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Wells Fargo & Company raised their price target on shares of Heico from $244.00 to $278.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. Truist Financial raised their target price on shares of Heico from $323.00 to $352.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, UBS Group lifted their target price on shares of Heico from $264.00 to $306.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Heico presently has an average rating of "Moderate Buy" and an average target price of $301.45.

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.