2,261 Shares in Heico Corporation (NYSE:HEI) Bought by Value Partners Investments Inc.

Value Partners Investments Inc. acquired a new stake in Heico Corporation (NYSE:HEI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,261 shares of the aerospace company's stock, valued at approximately $604,000.

Several other large investors also recently made changes to their positions in HEI. NBC Securities Inc. bought a new stake in Heico in the 1st quarter valued at $27,000. Banque Transatlantique SA bought a new position in Heico during the 4th quarter worth $44,000. Atwood & Palmer Inc. bought a new position in Heico during the 1st quarter worth $80,000. SBI Securities Co. Ltd. bought a new position in Heico during the 4th quarter worth $135,000. Finally, Aster Capital Management DIFC Ltd increased its position in Heico by 252.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company's stock worth $158,000 after buying an additional 475 shares during the period. Institutional investors and hedge funds own 27.12% of the company's stock.

Insider Activity

In related news, Director Julie Neitzel sold 700 shares of the company's 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 completion of the sale, the director now owns 418 shares in the company, valued at approximately $102,924.14. This represents a 62.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alan Schriesheim sold 50,000 shares of the company's stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total value of $11,978,500.00. Following the sale, the director now owns 157,197 shares of the company's stock, valued at $37,659,685.29. This trade represents a 24.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,056 shares of company stock worth $22,699,941 over the last quarter. 9.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HEI has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Heico from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Truist Financial decreased their target price on Heico from $294.00 to $277.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company lifted their target price on Heico from $244.00 to $278.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Stifel Nicolaus set a $352.00 price target on Heico and gave the company a "buy" rating in a research note on Tuesday, June 24th. Finally, UBS Group lifted their price target on Heico from $264.00 to $306.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $286.00.

Heico Trading Up 1.6%

HEI traded up $5.02 during trading on Friday, hitting $326.30. The company's stock had a trading volume of 634,389 shares, compared to its average volume of 479,983. Heico Corporation has a twelve month low of $216.68 and a twelve month high of $326.80. 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 stock's fifty day moving average price is $282.82 and its 200-day moving average price is $257.64. The firm has a market capitalization of $45.39 billion, a P/E ratio of 76.24, a PEG ratio of 4.13 and a beta of 1.07.

Heico (NYSE:HEI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. The company's revenue was up 14.9% compared to the same quarter last year. Analysts anticipate that Heico Corporation will post 4.2 EPS for the current year.

Heico Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $0.12 per share. This is an increase from Heico's previous semi-annual dividend of $0.11. The ex-dividend date is Tuesday, July 1st. This represents a dividend yield of 0.1%. Heico's payout ratio is currently 5.14%.

Heico 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.