K.J. Harrison & Partners Inc Has $4.15 Million Stock Position in Heico Corporation (NYSE:HEI)

K.J. Harrison & Partners Inc lessened its position in Heico Corporation (NYSE:HEI - Free Report) by 20.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,540 shares of the aerospace company's stock after selling 4,000 shares during the period. K.J. Harrison & Partners Inc's holdings in Heico were worth $4,152,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in HEI. Artemis Investment Management LLP bought a new position in Heico in the 1st quarter valued at $7,612,000. EntryPoint Capital LLC bought a new position in shares of Heico in the fourth quarter valued at about $220,000. Praxis Investment Management Inc. lifted its position in 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 in the last quarter. Fisher Asset Management LLC lifted its position in 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 buying an additional 66,583 shares in the last quarter. Finally, E Fund Management Co. Ltd. acquired a new position in shares of Heico during the fourth quarter worth approximately $428,000. Institutional investors own 27.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HEI shares. UBS Group raised their price target on shares of Heico from $264.00 to $306.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Barclays set a $280.00 target price on Heico and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Morgan Stanley upped their price target on Heico from $270.00 to $305.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Truist Financial dropped their price objective on Heico from $294.00 to $277.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Stifel Nicolaus set a $352.00 target price on shares of Heico and gave the company a "buy" rating in a research note on Tuesday, June 24th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Heico presently has a consensus rating of "Moderate Buy" and an average target price of $286.00.

Insider Transactions at Heico

In other news, Director Alan Schriesheim sold 35,000 shares of Heico stock in a transaction dated 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 transaction, the director owned 122,197 shares in the company, valued at $36,458,696.92. The trade was a 22.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Julie Neitzel sold 700 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total value of $172,361.00. Following the sale, the director directly owned 418 shares of the company's stock, valued at approximately $102,924.14. The trade was a 62.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,056 shares of company stock valued at $22,699,941 over the last 90 days. 9.55% of the stock is owned by company insiders.

Heico Trading Down 0.9%

Shares of NYSE:HEI traded down $2.88 during mid-day trading on Wednesday, reaching $318.63. The stock had a trading volume of 442,402 shares, compared to its average volume of 480,636. The firm has a 50 day simple moving average of $286.25 and a two-hundred day simple moving average of $258.59. Heico Corporation has a twelve month low of $216.68 and a twelve month high of $328.64. The firm has a market cap of $44.32 billion, a PE ratio of 74.45, a price-to-earnings-growth ratio of 4.16 and a beta of 1.08. 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 announced 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. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.06 billion. Heico had a net margin of 14.54% and a return on equity of 15.88%. The business's quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm posted $0.88 earnings per share. On average, research analysts predict 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 will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a $0.12 dividend. This is an increase from Heico's previous semi-annual dividend of $0.11. This represents a dividend yield of 0.1%. The ex-dividend date is Tuesday, July 1st. Heico's dividend payout ratio is 5.14%.

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.