1,828 Shares in Heico Corporation (NYSE:HEI) Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in Heico Corporation (NYSE:HEI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,828 shares of the aerospace company's stock, valued at approximately $488,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Orion Portfolio Solutions LLC grew its position in Heico by 8.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 1,020 shares of the aerospace company's stock valued at $242,000 after purchasing an additional 76 shares during the last quarter. World Investment Advisors lifted its stake in shares of Heico by 31.1% in the fourth quarter. World Investment Advisors now owns 1,581 shares of the aerospace company's stock worth $376,000 after buying an additional 375 shares in the last quarter. Azimuth Capital Investment Management LLC grew its holdings in shares of Heico by 0.7% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 100,810 shares of the aerospace company's stock valued at $23,967,000 after buying an additional 718 shares during the last quarter. Capital Fund Management S.A. bought a new stake in shares of Heico during the fourth quarter valued at approximately $3,168,000. Finally, Fortis Capital Advisors LLC raised its stake in shares of Heico by 97.3% in the fourth quarter. Fortis Capital Advisors LLC now owns 4,215 shares of the aerospace company's stock worth $1,081,000 after purchasing an additional 2,079 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors.

Heico Price Performance

HEI stock traded down $3.24 during trading on Friday, reaching $313.49. The company's stock had a trading volume of 337,555 shares, compared to its average volume of 520,860. The company has a quick ratio of 1.56, a current ratio of 3.43 and a debt-to-equity ratio of 0.56. The company's fifty day moving average is $315.77 and its 200-day moving average is $274.13. The company has a market capitalization of $43.61 billion, a P/E ratio of 73.25, a price-to-earnings-growth ratio of 3.94 and a beta of 1.11. Heico Corporation has a 1 year low of $216.68 and a 1 year high of $338.92.

Heico (NYSE:HEI - Get Free Report) last released its earnings results on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter last year, the business posted $0.88 earnings per share. The firm's revenue was up 14.9% on a year-over-year basis. On average, research analysts expect that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Heico Increases Dividend

The firm also recently disclosed 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 10.0%. This is an increase from Heico's previous semi-annual dividend of $0.11. The ex-dividend date was Tuesday, July 1st. Heico's dividend payout ratio (DPR) is 5.61%.

Analysts Set New Price Targets

HEI has been the subject of several research reports. Bank of America boosted their price objective on shares of Heico from $320.00 to $355.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Morgan Stanley upped their price objective on Heico from $305.00 to $330.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Wells Fargo & Company increased their target price on Heico from $244.00 to $278.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Truist Financial boosted their price target on Heico from $323.00 to $352.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, UBS Group increased their price objective on shares of Heico from $264.00 to $306.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $301.45.

Insiders Place Their Bets

In other news, Chairman Laurans A. Mendelson sold 56,300 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $319.45, for a total value of $17,985,035.00. Following the sale, the chairman directly owned 1,253,127 shares in the company, valued at $400,311,420.15. The trade was a 4.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frank J. Schwitter sold 356 shares of Heico stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total value of $106,479.60. Following the completion of the transaction, the director owned 1,500 shares of the company's stock, valued at approximately $448,650. This represents a 19.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 91,656 shares of company stock valued at $28,534,115 in the last three months. Corporate insiders own 9.55% of the company's stock.

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.