Heico Corporation $HEI Shares Bought by Groupama Asset Managment

Key Points

• Groupama Asset Managment increased its stake in Heico by 24% in Q3, buying 3,512 shares to hold 18,139 shares valued at about $5.86 million.
• Other institutions also boosted positions—most notably American Century (+45.7% to 769,704 shares)—and institutional/hedge fund ownership stands at roughly 27.12% of HEI.
• Heico beat quarterly estimates (EPS $1.35 vs $1.26; revenue $1.18B, +14.4% YoY), and analysts maintain a "Moderate Buy" consensus with an average price target of $364.43; the stock trades at a market cap of about $40.1B and a P/E of 56.9.

Groupama Asset Managment grew its holdings in Heico Corporation (NYSE:HEI - Free Report) by 24.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 18,139 shares of the aerospace company's stock after buying an additional 3,512 shares during the period. Groupama Asset Managment's holdings in Heico were worth $5,856,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in HEI. American Century Companies Inc. increased its position in Heico by 45.7% in the 3rd quarter. American Century Companies Inc. now owns 769,704 shares of the aerospace company's stock valued at $248,476,000 after acquiring an additional 241,559 shares during the period. Two Sigma Investments LP lifted its position in Heico by 0.6% during the 3rd quarter. Two Sigma Investments LP now owns 558,661 shares of the aerospace company's stock worth $180,347,000 after acquiring an additional 3,166 shares during the period. Dixon Mitchell Investment Counsel Inc. lifted its position in Heico by 1.2% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 203,504 shares of the aerospace company's stock worth $65,695,000 after acquiring an additional 2,331 shares during the period. Munro Partners grew its stake in shares of Heico by 8.5% in the 3rd quarter. Munro Partners now owns 197,633 shares of the aerospace company's stock valued at $63,800,000 after purchasing an additional 15,560 shares during the last quarter. Finally, Marsico Capital Management LLC increased its holdings in shares of Heico by 13.8% in the second quarter. Marsico Capital Management LLC now owns 99,287 shares of the aerospace company's stock valued at $32,566,000 after purchasing an additional 12,021 shares during the period. Institutional investors and hedge funds own 27.12% of the company's stock.

Heico Stock Down 1.4%

HEI opened at $288.05 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.06 and a quick ratio of 1.41. The business has a 50 day simple moving average of $329.47 and a 200-day simple moving average of $322.17. The stock has a market capitalization of $40.14 billion, a P/E ratio of 56.93, a P/E/G ratio of 3.58 and a beta of 1.01. Heico Corporation has a 12 month low of $229.07 and a 12 month high of $361.69.

Heico (NYSE:HEI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.09. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Heico had a return on equity of 16.57% and a net margin of 15.38%.Heico's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.20 earnings per share. On average, equities analysts anticipate that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Royal Bank Of Canada restated an "outperform" rating and set a $375.00 price target (up from $350.00) on shares of Heico in a research note on Monday, December 22nd. UBS Group reiterated a "neutral" rating and issued a $371.00 price objective (up from $359.00) on shares of Heico in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $375.00 price objective (up from $355.00) on shares of Heico in a research note on Monday, December 22nd. Wall Street Zen cut shares of Heico from a "buy" rating to a "hold" rating in a research note on Sunday, March 8th. Finally, Truist Financial lifted their target price on shares of Heico from $366.00 to $391.00 and gave the company a "buy" rating in a report on Tuesday, December 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $364.43.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company's offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.

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