1,211 Shares in Heico Corporation (NYSE:HEI) Acquired by PAX Financial Group LLC

PAX Financial Group LLC acquired a new stake in shares of Heico Corporation (NYSE:HEI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,211 shares of the aerospace company's stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HEI. Bain Capital Public Equity Management II LLC purchased a new stake in shares of Heico during the 4th quarter valued at about $110,503,000. Freestone Grove Partners LP purchased a new stake in shares of Heico during the 4th quarter worth $71,030,000. Squarepoint Ops LLC increased its stake in Heico by 2,203.0% during the 4th quarter. Squarepoint Ops LLC now owns 87,030 shares of the aerospace company's stock valued at $20,691,000 after purchasing an additional 83,251 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Heico during the fourth quarter valued at $16,578,000. Finally, Balyasny Asset Management L.P. raised its position in shares of Heico by 81.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 143,579 shares of the aerospace company's stock worth $34,134,000 after purchasing an additional 64,424 shares during the last quarter. 27.12% of the stock is owned by institutional investors.

Heico Stock Performance

Heico stock traded up $1.43 during mid-day trading on Friday, reaching $322.47. 329,663 shares of the company were exchanged, compared to its average volume of 482,020. Heico Corporation has a twelve month low of $216.68 and a twelve month high of $328.64. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.56 and a current ratio of 3.43. The firm's 50-day simple moving average is $302.74 and its two-hundred day simple moving average is $265.38. The firm has a market cap of $44.86 billion, a PE ratio of 75.34, a price-to-earnings-growth ratio of 4.00 and a beta of 1.08.

Heico (NYSE:HEI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 27th. The aerospace company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.09. Heico had a net margin of 14.54% and a return on equity of 15.88%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $0.88 earnings per share. The company's quarterly revenue was up 14.9% compared to the same quarter last year. Equities analysts predict that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Heico Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a yield of 0.1%. This is a boost from Heico's previous semi-annual dividend of $0.11. Heico's dividend payout ratio is presently 5.61%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HEI shares. UBS Group upped their price objective on shares of Heico from $264.00 to $306.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Bank of America raised their price target on shares of Heico from $320.00 to $355.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Wall Street Zen lowered Heico from a "buy" rating to a "hold" rating in a research report on Friday. Truist Financial upped their price target on Heico from $323.00 to $352.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, William Blair reaffirmed an "outperform" rating on shares of Heico in a report on Tuesday, March 25th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $301.45.

Insider Buying and Selling at Heico

In other Heico news, Director Julie Neitzel sold 700 shares of Heico stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total transaction of $172,361.00. Following the sale, the director owned 418 shares of the company's stock, valued at $102,924.14. The trade was a 62.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank J. Schwitter sold 356 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total transaction of $106,479.60. Following the sale, the director owned 1,500 shares of the company's stock, valued at $448,650. The trade was a 19.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,356 shares of company stock valued at $40,684,976. 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.