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

Eos Management L.P. raised its holdings in shares of Heico Corporation (NYSE:HEI - Free Report) by 117.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,534 shares of the aerospace company's stock after purchasing an additional 8,376 shares during the quarter. Heico accounts for about 1.9% of Eos Management L.P.'s portfolio, 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 SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HEI. Sequoia Financial Advisors LLC raised its stake in shares of Heico by 5.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company's stock valued at $231,000 after acquiring an additional 46 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Heico by 10.5% in the fourth quarter. Advisors Asset Management Inc. now owns 20,258 shares of the aerospace company's stock valued at $4,816,000 after acquiring an additional 1,924 shares during the period. Semanteon Capital Management LP raised its stake in shares of Heico by 32.2% in the fourth quarter. Semanteon Capital Management LP now owns 6,120 shares of the aerospace company's stock valued at $1,455,000 after acquiring an additional 1,489 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Heico in the fourth quarter valued at $354,000. Finally, Stevens Capital Management LP purchased a new stake in shares of Heico in the fourth quarter valued at $323,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

Insider Buying and Selling at Heico

In other Heico news, Director Alan Schriesheim sold 35,000 shares of the firm's stock in a transaction that occurred 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 directly owned 122,197 shares in the company, valued at $36,458,696.92. This trade represents a 22.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank J. Schwitter sold 356 shares of Heico stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total transaction of $106,479.60. Following the sale, the director owned 1,500 shares of the company's stock, valued at $448,650. The trade was a 19.18% decrease in their ownership of the stock. 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 three months. Corporate insiders own 9.55% of the company's stock.

Heico Stock Up 1.0%

HEI stock traded up $3.07 during trading on Friday, hitting $314.66. 418,376 shares of the company's stock traded hands, compared to its average volume of 483,489. The firm has a market capitalization of $43.77 billion, a P/E ratio of 73.52, a PEG ratio of 3.95 and a beta of 1.08. The business has a fifty day simple moving average of $297.26 and a two-hundred day simple moving average of $262.75. The company has a quick ratio of 1.56, a current ratio of 3.43 and a debt-to-equity ratio of 0.56. Heico Corporation has a 1 year low of $216.68 and a 1 year high of $328.64.

Heico (NYSE:HEI - Get Free Report) last announced its earnings results on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.09. The company 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%. Heico's revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm earned $0.88 earnings per share. Sell-side analysts anticipate that Heico Corporation will post 4.2 EPS for the current year.

Heico Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid 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 (DPR) is 5.61%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HEI shares. Barclays set a $280.00 target price on shares of Heico and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Wells Fargo & Company raised 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. Wall Street Zen upgraded shares of Heico from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Morgan Stanley raised their target price on shares of Heico from $270.00 to $305.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. Finally, William Blair reaffirmed 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 data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $299.18.

About Heico

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.