Global Trust Asset Management LLC Makes New Investment in Heico Corporation (NYSE:HEI)

Global Trust Asset Management LLC bought a new stake in shares of Heico Corporation (NYSE:HEI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,880 shares of the aerospace company's stock, valued at approximately $502,000.

Several other institutional investors have also recently made changes to their positions in HEI. EntryPoint Capital LLC acquired a new stake in Heico during the fourth quarter valued at $220,000. Fisher Asset Management LLC boosted its stake in shares of Heico by 19.1% during the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock worth $98,791,000 after acquiring an additional 66,583 shares in the last quarter. E Fund Management Co. Ltd. acquired a new stake in shares of Heico during the 4th quarter valued at about $428,000. AIA Group Ltd grew its position in shares of Heico by 26.5% during the 4th quarter. AIA Group Ltd now owns 15,662 shares of the aerospace company's stock valued at $3,723,000 after acquiring an additional 3,281 shares during the period. Finally, Putney Financial Group LLC purchased a new position in shares of Heico in the 4th quarter valued at about $294,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Heico

In other news, Director Julie Neitzel sold 700 shares of the firm's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total transaction of $172,361.00. Following the completion of the transaction, the director now directly owns 418 shares in the company, valued at $102,924.14. This trade represents a 62.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 sale, the director now directly owns 122,197 shares of the company's stock, valued at $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. In the last ninety days, insiders sold 86,056 shares of company stock worth $22,699,941. 9.55% of the stock is currently owned by company insiders.

Heico Price Performance

Shares of NYSE:HEI traded up $4.39 during midday trading on Friday, hitting $315.47. The company had a trading volume of 706,994 shares, compared to its average volume of 480,655. Heico Corporation has a twelve month low of $216.68 and a twelve month high of $329.10. The stock has a market cap of $43.88 billion, a price-to-earnings ratio of 73.71, a price-to-earnings-growth ratio of 3.96 and a beta of 1.07. 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 business's 50-day simple moving average is $274.26 and its 200-day simple moving average is $255.31.

Heico (NYSE:HEI - Get Free Report) last released its quarterly earnings data on Tuesday, May 27th. The aerospace company reported $1.12 EPS for the quarter, beating 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%. The firm's quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 earnings per share. On average, research analysts predict that Heico Corporation will post 4.2 earnings per share for the current year.

Heico Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $0.12 dividend. This represents a dividend yield of 0.1%. The ex-dividend date is Tuesday, July 1st. This is a positive change from Heico's previous semi-annual dividend of $0.11. Heico's dividend payout ratio is 5.14%.

Analysts Set New Price Targets

Several analysts have commented on the company. Morgan Stanley raised their price objective on Heico from $270.00 to $305.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Wells Fargo & Company increased their target price on Heico from $244.00 to $278.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Wall Street Zen raised shares of Heico from a "hold" rating to a "buy" rating in a report on Friday, June 6th. UBS Group increased their price objective on shares of Heico from $264.00 to $306.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Finally, William Blair restated an "outperform" rating on shares of Heico in a research report on Tuesday, March 25th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Heico presently has a consensus rating of "Moderate Buy" and a consensus price target of $279.45.

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.