Heico Corporation (NYSE:HEI) Shares Sold by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC decreased its holdings in Heico Corporation (NYSE:HEI - Free Report) by 4.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,892 shares of the aerospace company's stock after selling 1,080 shares during the period. Sawgrass Asset Management LLC's holdings in Heico were worth $6,651,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of HEI. Duncker Streett & Co. Inc. raised its position in shares of Heico by 1.3% in the 1st quarter. Duncker Streett & Co. Inc. now owns 42,889 shares of the aerospace company's stock worth $11,460,000 after acquiring an additional 562 shares in the last quarter. Vantage Investment Partners LLC raised its holdings in Heico by 1.1% in the first quarter. Vantage Investment Partners LLC now owns 162,145 shares of the aerospace company's stock worth $43,324,000 after purchasing an additional 1,772 shares in the last quarter. MinichMacGregor Wealth Management LLC lifted its position in shares of Heico by 10.7% during the first quarter. MinichMacGregor Wealth Management LLC now owns 38,475 shares of the aerospace company's stock valued at $10,280,000 after buying an additional 3,711 shares during the last quarter. Praxis Investment Management Inc. boosted its holdings in shares of Heico by 24.9% in the 1st quarter. Praxis Investment Management Inc. now owns 8,830 shares of the aerospace company's stock valued at $2,359,000 after buying an additional 1,760 shares in the last quarter. Finally, Wendell David Associates Inc. grew its position in shares of Heico by 137.3% in the 1st quarter. Wendell David Associates Inc. now owns 5,244 shares of the aerospace company's stock worth $1,401,000 after buying an additional 3,034 shares during the last quarter. Institutional investors own 27.12% of the company's stock.

Heico Stock Performance

Heico stock traded up $5.52 during trading hours on Thursday, hitting $322.25. 481,619 shares of the stock traded hands, compared to its average volume of 480,457. The firm's 50 day moving average price is $281.18 and its 200-day moving average price is $257.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.43 and a quick ratio of 1.56. The stock has a market capitalization of $44.83 billion, a price-to-earnings ratio of 75.29, a P/E/G ratio of 4.02 and a beta of 1.07. Heico Corporation has a 1 year low of $216.68 and a 1 year high of $323.50.

Heico (NYSE:HEI - Get Free Report) last issued its earnings results on Tuesday, May 27th. The aerospace company reported $1.12 EPS for the quarter, beating 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 firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. Heico's revenue for the quarter was up 14.9% on a year-over-year basis. As a group, equities 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. Stockholders of record on Tuesday, July 1st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a dividend yield of 0.1%. This is a positive change from Heico's previous semi-annual dividend of $0.11. Heico's dividend payout ratio is presently 5.14%.

Insider Transactions at Heico

In other news, Director Alan Schriesheim sold 50,000 shares of the business's stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total value of $11,978,500.00. Following the completion of the transaction, the director now owns 157,197 shares of the company's stock, valued at $37,659,685.29. The trade was a 24.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Julie Neitzel sold 700 shares of the firm's stock in a transaction dated 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 now directly owns 418 shares in the company, valued at approximately $102,924.14. This trade represents a 62.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,056 shares of company stock worth $22,699,941 over the last 90 days. 9.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on HEI. William Blair reissued an "outperform" rating on shares of Heico in a research report on Tuesday, March 25th. Wall Street Zen raised Heico from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. UBS Group raised their price objective on Heico from $264.00 to $306.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Morgan Stanley boosted their target price on Heico from $270.00 to $305.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 4th. Finally, Barclays set a $280.00 price target on Heico and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $286.00.

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.