Heico Corporation (NYSE:HEI) Shares Acquired by Eos Management L.P.

Eos Management L.P. grew its stake in shares of Heico Corporation (NYSE:HEI - Free Report) by 117.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,534 shares of the aerospace company's stock after purchasing an additional 8,376 shares during the period. Heico makes up about 1.9% of Eos Management L.P.'s holdings, making the stock its 18th largest position. Eos Management L.P.'s holdings in Heico were worth $4,151,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in HEI. Artemis Investment Management LLP acquired a new stake in shares of Heico in the 1st quarter worth approximately $7,612,000. EntryPoint Capital LLC purchased a new position in shares of Heico in the fourth quarter valued at $220,000. Praxis Investment Management Inc. raised its stake in shares of Heico by 24.9% during the 1st quarter. Praxis Investment Management Inc. now owns 8,830 shares of the aerospace company's stock worth $2,359,000 after buying an additional 1,760 shares during the last quarter. Freedom Day Solutions LLC purchased a new stake in shares of Heico in the 1st quarter worth about $2,653,000. Finally, Vantage Investment Partners LLC grew its stake in Heico by 1.1% in the 1st quarter. Vantage Investment Partners LLC now owns 162,145 shares of the aerospace company's stock valued at $43,324,000 after acquiring an additional 1,772 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company's stock.

Insiders Place Their Bets

In other news, Director Frank J. Schwitter sold 356 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $299.10, for a total value of $106,479.60. Following the completion of the sale, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan Schriesheim sold 35,000 shares of the stock in a transaction 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 completion of the sale, the director directly owned 122,197 shares of the company's stock, valued at $36,458,696.92. The trade was a 22.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,056 shares of company stock worth $22,699,941 over the last ninety days. 9.55% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on HEI shares. Stifel Nicolaus set a $352.00 target price on shares of Heico and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Bank of America lifted their price objective on Heico from $320.00 to $355.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Morgan Stanley increased their target price on Heico from $270.00 to $305.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Truist Financial raised their price target on Heico from $323.00 to $352.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, Barclays set a $280.00 price objective on Heico and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $299.18.

Heico Trading Up 0.3%

Shares of Heico stock traded up $1.02 during trading hours on Wednesday, reaching $319.17. 322,305 shares of the company's stock were exchanged, compared to its average volume of 482,253. Heico Corporation has a 52-week low of $216.68 and a 52-week high of $328.64. The firm has a market capitalization of $44.40 billion, a price-to-earnings ratio of 74.57, a price-to-earnings-growth ratio of 3.96 and a beta of 1.08. The company has a fifty day moving average of $300.51 and a 200-day moving average of $264.23. The company has a current ratio of 3.43, a quick ratio of 1.56 and a debt-to-equity ratio of 0.56.

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. Heico had a return on equity of 15.88% and a net margin of 14.54%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. The business's revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 EPS. Sell-side 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 was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were given a dividend of $0.12 per share. This represents a yield of 0.1%. This is a boost from Heico's previous semi-annual dividend of $0.11. The ex-dividend date was Tuesday, July 1st. Heico's 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.