Heico Corporation $HEI Stock Holdings Increased by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC increased its stake in Heico Corporation by 120.1%, purchasing an additional 1,112 shares, bringing its total holdings to 2,038 shares valued at approximately $545,000.
• Several brokerages have upgraded their price targets for Heico, with Bank of America raising it from $320.00 to $355.00 and Truist Financial from $323.00 to $352.00, both giving the stock a "buy" rating.
• Heico recently announced a dividend increase to $0.12 from $0.11, reflecting a yield of 10.0% and demonstrating a strong financial performance with revenue up 14.9% year-over-year.

EntryPoint Capital LLC raised its holdings in shares of Heico Corporation (NYSE:HEI - Free Report) by 120.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,038 shares of the aerospace company's stock after acquiring an additional 1,112 shares during the period. EntryPoint Capital LLC's holdings in Heico were worth $545,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. United Capital Financial Advisors LLC increased its holdings in shares of Heico by 5.7% during the fourth quarter. United Capital Financial Advisors LLC now owns 1,043 shares of the aerospace company's stock valued at $248,000 after purchasing an additional 56 shares during the period. NewEdge Advisors LLC increased its stake in Heico by 6.7% during the 4th quarter. NewEdge Advisors LLC now owns 1,542 shares of the aerospace company's stock valued at $367,000 after buying an additional 97 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in Heico by 153.4% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,434 shares of the aerospace company's stock valued at $1,054,000 after buying an additional 2,684 shares during the period. TD Waterhouse Canada Inc. raised its position in shares of Heico by 7.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,295 shares of the aerospace company's stock worth $1,259,000 after buying an additional 365 shares in the last quarter. Finally, Nebula Research & Development LLC acquired a new stake in shares of Heico in the 4th quarter worth approximately $828,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Insider Activity

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 shares were sold at an average price of $319.45, for a total value of $17,985,035.00. Following the completion of the sale, the chairman owned 1,253,127 shares in the company, valued at approximately $400,311,420.15. This represents a 4.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan Schriesheim sold 35,000 shares of Heico stock in a transaction that occurred 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 owned 122,197 shares in the company, valued at approximately $36,458,696.92. The trade was a 22.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 91,656 shares of company stock worth $28,534,115 over the last 90 days. 9.55% of the stock is owned by company insiders.

Heico Trading Up 0.7%

Shares of Heico stock traded up $2.1480 on Friday, reaching $309.8680. 422,138 shares of the company were exchanged, compared to its average volume of 409,189. Heico Corporation has a fifty-two week low of $216.68 and a fifty-two week high of $338.92. The firm has a market capitalization of $43.10 billion, a price-to-earnings ratio of 72.40, a price-to-earnings-growth ratio of 3.85 and a beta of 1.11. 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 fifty day moving average price of $317.63 and a 200-day moving average price of $279.95.

Heico (NYSE:HEI - Get Free Report) last issued 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. The firm 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%.Heico's revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. On average, analysts expect that Heico Corporation will post 4.2 EPS for the current year.

Heico Increases Dividend

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

Analyst Ratings Changes

HEI has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a "buy" rating on shares of Heico in a report on Monday, August 18th. Truist Financial lifted their price target on Heico from $323.00 to $352.00 and gave the company a "buy" rating in a research report on Friday, July 11th. UBS Group raised their target price on Heico from $264.00 to $306.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Royal Bank Of Canada lifted their target price on Heico from $315.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Stifel Nicolaus set a $352.00 price target on shares of Heico and gave the company a "buy" rating in a report on Tuesday, June 24th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $307.18.

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.