Nykredit A S Makes New $14.16 Million Investment in Heico Corporation $HEI

Key Points

• Nykredit A/S acquired 39,763 Heico shares during the second quarter, investing approximately $14.16 million. Institutional investors and hedge funds collectively own 27.12% of the company.
• Heico reported stronger-than-expected quarterly results, with EPS of $1.67 versus the $1.51 consensus estimate and revenue of $1.41 billion, up 23.1% year over year.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $395.38, above the reported share price of $325.63.

Nykredit A S acquired a new stake in Heico Corporation (NYSE:HEI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 39,763 shares of the aerospace company's stock, valued at approximately $14,163,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GM Advisory Group LLC raised its stake in Heico by 1.2% in the fourth quarter. GM Advisory Group LLC now owns 2,985 shares of the aerospace company's stock valued at $966,000 after buying an additional 36 shares in the last quarter. DSM Capital Partners LLC boosted its position in shares of Heico by 5.4% during the 1st quarter. DSM Capital Partners LLC now owns 807 shares of the aerospace company's stock worth $221,000 after acquiring an additional 41 shares in the last quarter. Cookson Peirce & Co. Inc. increased its holdings in shares of Heico by 1.8% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 2,684 shares of the aerospace company's stock valued at $869,000 after acquiring an additional 48 shares during the last quarter. Fortress Financial Solutions LLC raised its position in shares of Heico by 2.8% during the 1st quarter. Fortress Financial Solutions LLC now owns 1,796 shares of the aerospace company's stock worth $493,000 after acquiring an additional 49 shares in the last quarter. Finally, Coastal Bridge Advisors LLC lifted its stake in Heico by 4.1% during the fourth quarter. Coastal Bridge Advisors LLC now owns 1,246 shares of the aerospace company's stock worth $403,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company's stock.

Heico Stock Down 0.0%

Shares of NYSE:HEI opened at $325.63 on Friday. Heico Corporation has a 1-year low of $256.11 and a 1-year high of $376.86. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.72 and a quick ratio of 1.27. The stock has a market cap of $45.51 billion, a P/E ratio of 54.18, a P/E/G ratio of 2.76 and a beta of 1.04. The firm has a fifty day moving average price of $352.65 and a 200 day moving average price of $321.54.

Heico (NYSE:HEI - Get Free Report) last announced its earnings results on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.16. Heico had a net margin of 16.38% and a return on equity of 18.00%. The business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.36 billion. During the same period in the prior year, the company earned $1.26 earnings per share. The business's revenue was up 23.1% compared to the same quarter last year. Sell-side analysts predict that Heico Corporation will post 6.21 EPS for the current year.

Heico Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.13 per share. This represents a yield of 7.0%. The ex-dividend date of this dividend was Wednesday, July 1st. Heico's dividend payout ratio (DPR) is presently 4.33%.

Analyst Ratings Changes

Several analysts have recently weighed in on HEI shares. Weiss Ratings upgraded shares of Heico from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 16th. Jefferies Financial Group set a $430.00 price target on shares of Heico and gave the stock a "buy" rating in a research note on Wednesday, August 26th. Zacks Research upgraded shares of Heico from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 9th. Royal Bank Of Canada raised their price objective on Heico from $375.00 to $390.00 and gave the stock an "outperform" rating in a report on Friday, May 29th. Finally, Susquehanna lifted their target price on Heico from $321.00 to $365.00 and gave the stock a "neutral" rating in a research report on Friday, May 29th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Heico currently has a consensus rating of "Moderate Buy" and an average price target of $395.38.

Insiders Place Their Bets

In other Heico news, CAO Bradley Rowen sold 1,326 shares of Heico stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total value of $320,401.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.86% of the company's stock.

Heico Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company's offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.

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