Heico Corporation (NYSE:HEI) Shares Sold by Integrated Investment Consultants LLC

Key Points

• Integrated Investment Consultants LLC reduced its holdings in Heico Corporation by 88.0% during the 1st quarter, leaving them with 2,031 shares valued at $543,000.
• Heico's recent quarterly earnings beat expectations, reporting $1.12 EPS and $1.10 billion in revenue, showcasing a 14.9% increase from the previous year.
• The company announced a semi-annual dividend increase from $0.11 to $0.12 per share, reflecting a yield of 0.1% and a payout ratio of 5.61%.

Integrated Investment Consultants LLC lowered its position in shares of Heico Corporation (NYSE:HEI - Free Report) by 88.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,031 shares of the aerospace company's stock after selling 14,911 shares during the period. Integrated Investment Consultants LLC's holdings in Heico were worth $543,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. NBC Securities Inc. bought a new position in shares of Heico during the 1st quarter valued at about $27,000. Banque Transatlantique SA purchased a new stake in Heico in the fourth quarter worth approximately $44,000. Atwood & Palmer Inc. bought a new position in Heico during the first quarter valued at approximately $80,000. TD Private Client Wealth LLC raised its stake in shares of Heico by 37.5% during the first quarter. TD Private Client Wealth LLC now owns 458 shares of the aerospace company's stock worth $122,000 after acquiring an additional 125 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of Heico by 252.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company's stock worth $158,000 after acquiring an additional 475 shares during the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Heico

In other news, Director Alan Schriesheim sold 35,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $298.36, for a total transaction of $10,442,600.00. Following the transaction, the director directly owned 122,197 shares in the company, valued at $36,458,696.92. The trade was a 22.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Laurans A. Mendelson sold 56,300 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $319.45, for a total transaction of $17,985,035.00. Following the transaction, the chairman owned 1,253,127 shares in the company, valued at $400,311,420.15. The trade was a 4.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,656 shares of company stock worth $28,534,115. 9.55% of the stock is owned by company insiders.

Heico Price Performance

Heico stock traded down $0.02 during midday trading on Monday, reaching $323.72. The company had a trading volume of 363,027 shares, compared to its average volume of 523,354. The company has a market capitalization of $45.03 billion, a P/E ratio of 75.64, a P/E/G ratio of 4.03 and a beta of 1.08. Heico Corporation has a 12-month low of $216.68 and a 12-month high of $328.64. The firm's fifty day simple moving average is $308.42 and its 200-day simple moving average is $269.63. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.43 and a quick ratio of 1.56.

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, topping analysts' consensus estimates of $1.03 by $0.09. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. Heico had a net margin of 14.54% and a return on equity of 15.88%. The business's revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 EPS. As a group, equities analysts anticipate that Heico Corporation will post 4.2 EPS for the current year.

Heico Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were issued a $0.12 dividend. This represents a dividend yield of 0.1%. This is a boost 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 presently 5.61%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HEI shares. Wall Street Zen downgraded shares of Heico from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Barclays set a $280.00 target price on Heico and gave the company an "equal weight" rating in a report on Monday, June 2nd. Bank of America raised their price target on Heico from $320.00 to $355.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Wells Fargo & Company increased their price objective on Heico from $244.00 to $278.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. 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. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Heico presently has an average rating of "Moderate Buy" and a consensus price target 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.