Heico Corporation (NYSE:HEI) is EULAV Asset Management's 2nd Largest Position

EULAV Asset Management increased its position in shares of Heico Corporation (NYSE:HEI - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 461,693 shares of the aerospace company's stock after acquiring an additional 8,000 shares during the quarter. Heico makes up about 3.0% of EULAV Asset Management's portfolio, making the stock its 2nd biggest holding. EULAV Asset Management owned approximately 0.33% of Heico worth $123,360,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. TD Private Client Wealth LLC raised its holdings in Heico by 37.5% in the 1st quarter. TD Private Client Wealth LLC now owns 458 shares of the aerospace company's stock valued at $122,000 after buying an additional 125 shares during the period. World Investment Advisors raised its holdings in Heico by 6.3% in the 1st quarter. World Investment Advisors now owns 1,681 shares of the aerospace company's stock valued at $449,000 after buying an additional 100 shares during the period. Mutual Advisors LLC raised its holdings in Heico by 8.9% in the 1st quarter. Mutual Advisors LLC now owns 1,230 shares of the aerospace company's stock valued at $303,000 after buying an additional 101 shares during the period. Baskin Financial Services Inc. purchased a new stake in Heico in the 1st quarter valued at about $200,000. Finally, Verity Asset Management Inc. raised its holdings in Heico by 1.7% in the 1st quarter. Verity Asset Management Inc. now owns 6,485 shares of the aerospace company's stock valued at $1,733,000 after buying an additional 110 shares during the period. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HEI shares. Barclays set a $280.00 price objective on shares of Heico and gave the company an "equal weight" rating in a report on Monday, June 2nd. William Blair reiterated an "outperform" rating on shares of Heico in a research note on Tuesday, March 25th. UBS Group boosted their price target 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. Morgan Stanley boosted their price target on shares of Heico from $270.00 to $305.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 4th. Finally, Wells Fargo & Company boosted 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. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $292.36.

Insider Activity at Heico

In related news, Director Frank J. Schwitter sold 356 shares of the company's stock in a transaction that occurred 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 transaction, the director directly owned 1,500 shares of the company's stock, valued at $448,650. This represents a 19.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Julie Neitzel sold 700 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total value of $172,361.00. Following the completion of the transaction, the director directly owned 418 shares of the company's stock, valued at $102,924.14. This trade represents a 62.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,056 shares of company stock valued at $22,699,941 over the last three months. 9.55% of the stock is owned by corporate insiders.

Heico Stock Up 0.3%

HEI traded up $1.01 on Monday, reaching $325.68. The company's stock had a trading volume of 299,357 shares, compared to its average volume of 481,471. The stock has a 50 day moving average of $290.87 and a two-hundred day moving average of $260.19. The company has a quick ratio of 1.56, a current ratio of 3.43 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $45.30 billion, a price-to-earnings ratio of 76.09, a P/E/G ratio of 4.11 and a beta of 1.08. Heico Corporation has a fifty-two week low of $216.68 and a fifty-two week high of $339.99.

Heico (NYSE:HEI - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate 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 prior year, the company posted $0.88 earnings per share. As a group, analysts forecast 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 will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a $0.12 dividend. This represents a yield of 0.1%. This is an increase from Heico's previous semi-annual dividend of $0.11. The ex-dividend date of this dividend is Tuesday, July 1st. Heico's dividend payout ratio is 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.