Roundview Capital LLC Grows Stake in Heico Corporation (NYSE:HEI)

Roundview Capital LLC raised its position in Heico Corporation (NYSE:HEI - Free Report) by 3.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 23,956 shares of the aerospace company's stock after acquiring an additional 802 shares during the period. Roundview Capital LLC's holdings in Heico were worth $6,401,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bain Capital Public Equity Management II LLC acquired a new stake in Heico in the fourth quarter valued at approximately $110,503,000. EULAV Asset Management grew its stake in Heico by 1.8% in the first quarter. EULAV Asset Management now owns 461,693 shares of the aerospace company's stock valued at $123,360,000 after acquiring an additional 8,000 shares during the period. Two Sigma Advisers LP grew its stake in Heico by 2.3% in the fourth quarter. Two Sigma Advisers LP now owns 371,178 shares of the aerospace company's stock valued at $88,244,000 after acquiring an additional 8,300 shares during the period. Freestone Grove Partners LP acquired a new stake in Heico in the fourth quarter valued at approximately $71,030,000. Finally, Vantage Investment Partners LLC boosted its position in shares of Heico by 1.1% during the first quarter. Vantage Investment Partners LLC now owns 162,145 shares of the aerospace company's stock valued at $43,324,000 after buying an additional 1,772 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HEI shares. Truist Financial lifted their target price on Heico from $323.00 to $352.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Bank of America lifted their target price on Heico from $320.00 to $355.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Barclays set a $280.00 price objective on Heico and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Wall Street Zen lowered Heico from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Finally, Morgan Stanley upped their target price on Heico from $305.00 to $330.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $301.45.

Insider Activity at Heico

In other Heico news, Director Alan Schriesheim sold 35,000 shares of Heico stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $298.36, for a total value of $10,442,600.00. Following the completion of the sale, the director owned 122,197 shares of the company's stock, valued at approximately $36,458,696.92. This trade represents a 22.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Laurans A. Mendelson sold 56,300 shares of Heico stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $319.45, for a total value of $17,985,035.00. Following the completion of the sale, the chairman directly owned 1,253,127 shares of the company's stock, valued at approximately $400,311,420.15. The trade was a 4.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 91,656 shares of company stock valued at $28,534,115 in the last 90 days. Corporate insiders own 9.55% of the company's stock.

Heico Trading Up 0.9%

HEI stock traded up $3.01 during trading on Friday, hitting $323.41. 208,479 shares of the company traded hands, compared to its average volume of 378,694. The firm has a market capitalization of $44.99 billion, a PE ratio of 75.56, a P/E/G ratio of 3.99 and a beta of 1.08. Heico Corporation has a 1 year low of $216.68 and a 1 year high of $328.64. The company has a 50-day moving average of $307.57 and a 200-day moving average of $268.37. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.56 and a current ratio of 3.43.

Heico (NYSE:HEI - Get Free Report) last released its quarterly earnings data on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share 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 business 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 EPS. The business's revenue was up 14.9% on a year-over-year basis. Analysts predict 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 given a dividend of $0.12 per share. This represents a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, July 1st. This is a positive change from Heico's previous semi-annual dividend of $0.11. Heico's dividend payout ratio (DPR) is 5.61%.

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.