Heico Corporation (NYSE:HEI) Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc cut its holdings in shares of Heico Corporation (NYSE:HEI - Free Report) by 20.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,540 shares of the aerospace company's stock after selling 4,000 shares during the quarter. K.J. Harrison & Partners Inc's holdings in Heico were worth $4,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HEI. Fisher Asset Management LLC boosted its holdings in Heico by 19.1% in the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock valued at $98,791,000 after purchasing an additional 66,583 shares during the last quarter. Williamson Legacy Group LLC boosted its holdings in Heico by 11.2% in the 4th quarter. Williamson Legacy Group LLC now owns 3,104 shares of the aerospace company's stock valued at $738,000 after purchasing an additional 313 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Heico in the 4th quarter valued at about $135,000. Snider Financial Group boosted its holdings in Heico by 0.6% in the 4th quarter. Snider Financial Group now owns 11,438 shares of the aerospace company's stock valued at $2,719,000 after purchasing an additional 71 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. boosted its holdings in Heico by 59.8% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 3,056 shares of the aerospace company's stock valued at $727,000 after purchasing an additional 1,144 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Heico Trading Up 1.6%

HEI opened at $326.30 on Friday. The firm has a market capitalization of $45.39 billion, a P/E ratio of 76.24, a P/E/G ratio of 4.13 and a beta of 1.07. The firm's 50 day moving average is $282.82 and its 200-day moving average is $257.63. Heico Corporation has a 52-week low of $216.68 and a 52-week high of $326.80. 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 (NYSE:HEI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.09. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. Analysts expect that Heico Corporation will post 4.2 EPS for the current fiscal year.

Heico Increases Dividend

The firm also recently disclosed 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 represents a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, July 1st. This is an increase from Heico's previous semi-annual dividend of $0.11. Heico's payout ratio is currently 5.14%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HEI. Barclays set a $280.00 price target on shares of Heico and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Truist Financial reduced their price target on shares of Heico from $294.00 to $277.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Stifel Nicolaus set a $352.00 price target on shares of Heico and gave the company a "buy" rating in a research note on Tuesday, June 24th. William Blair reissued an "outperform" rating on shares of Heico in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company boosted their price target on shares of Heico from $244.00 to $278.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Heico currently has an average rating of "Moderate Buy" and an average target price of $286.00.

Insiders Place Their Bets

In other news, Director Julie Neitzel sold 700 shares of the business's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total transaction of $172,361.00. Following the completion of the transaction, the director now owns 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Frank J. Schwitter sold 356 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total transaction of $106,479.60. Following the completion of the sale, the director now directly owns 1,500 shares of the company's stock, valued at $448,650. The trade was a 19.18% decrease in their position. The disclosure for this sale can be found here. Insiders 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.

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.

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