Quadcap Wealth Management LLC Makes New $215,000 Investment in Heico Corporation $HEI

Key Points

• Quadcap Wealth Management LLC acquired 806 shares of Heico Corporation, valued at approximately $215,000, marking a notable institutional purchase in the aerospace sector during the first quarter.
• Several other hedge funds, including Artemis Investment Management LLP and Baker Avenue Asset Management LP, also made significant investments in Heico during the same period, increasing institutional ownership to 27.12% of the stock.
• Heico reported a strong quarterly earnings performance, with an EPS of $1.26, exceeding analysts' expectations, and announced a dividend increase to $0.12 per share, demonstrating positive financial momentum.

Quadcap Wealth Management LLC acquired a new stake in Heico Corporation (NYSE:HEI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 806 shares of the aerospace company's stock, valued at approximately $215,000.

Other large investors have also modified their holdings of the company. Ridgewood Investments LLC lifted its position in shares of Heico by 92.0% during the first quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company's stock worth $26,000 after purchasing an additional 46 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Heico during the first quarter worth about $27,000. Costello Asset Management INC bought a new position in shares of Heico during the first quarter worth about $27,000. Banque Transatlantique SA bought a new position in shares of Heico during the fourth quarter worth about $44,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Heico by 17,800.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company's stock worth $48,000 after purchasing an additional 178 shares during the last quarter. Institutional investors own 27.12% of the company's stock.

Insider Activity at Heico

In related news, Chairman Laurans A. Mendelson sold 56,300 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $319.45, for a total transaction of $17,985,035.00. Following the transaction, the chairman owned 1,253,127 shares in the company, valued at $400,311,420.15. This trade represents a 4.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Schriesheim sold 35,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $298.36, for a total transaction of $10,442,600.00. Following the transaction, the director owned 122,197 shares in the company, valued at $36,458,696.92. This represents a 22.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 91,656 shares of company stock worth $28,534,115 over the last quarter. 9.55% of the stock is currently owned by company insiders.

Heico Stock Performance

Shares of NYSE:HEI traded down $5.88 during trading hours on Monday, hitting $312.19. The stock had a trading volume of 427,040 shares, compared to its average volume of 508,097. The stock's fifty day simple moving average is $318.36 and its 200 day simple moving average is $283.31. Heico Corporation has a 1-year low of $216.68 and a 1-year high of $338.92. The firm has a market capitalization of $43.43 billion, a price-to-earnings ratio of 68.31, a PEG ratio of 3.85 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.51 and a current ratio of 3.35.

Heico (NYSE:HEI - Get Free Report) last announced its quarterly earnings results on Monday, August 25th. The aerospace company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.12 by $0.14. Heico had a net margin of 14.96% and a return on equity of 16.29%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business earned $0.97 earnings per share. Heico's revenue was up 15.7% compared to the same quarter last year. Sell-side analysts anticipate that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Heico Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were paid a dividend of $0.12 per share. This is a boost from Heico's previous semi-annual dividend of $0.11. This represents a dividend yield of 10.0%. The ex-dividend date was Tuesday, July 1st. Heico's dividend payout ratio (DPR) is 5.25%.

Analyst Ratings Changes

Several equities analysts have recently commented on HEI shares. Wall Street Zen raised shares of Heico from a "hold" rating to a "buy" rating in a research report on Saturday. Royal Bank Of Canada set a $350.00 target price on shares of Heico in a report on Wednesday, August 27th. Robert W. Baird raised their target price on shares of Heico from $360.00 to $400.00 and gave the stock an "outperform" rating in a report on Wednesday, August 27th. Zacks Research raised shares of Heico to a "hold" rating in a report on Monday, August 11th. Finally, Stifel Nicolaus set a $360.00 target price on shares of Heico in a report on Tuesday, August 26th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $340.18.

Heico Company 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.