2,665 Shares in Heico Corporation $HEI Acquired by BankChampaign National Association

BankChampaign National Association bought a new stake in Heico Corporation (NYSE:HEI) during the first quarter, Holdings Channel.com reports. The firm bought 2,665 shares of the aerospace company’s stock, valued at approximately $731,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Diamant Asset Management Inc. lifted its stake in shares of Heico by 25,698.9% in the 1st quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company’s stock valued at $209,392,000 after acquiring an additional 760,687 shares during the last quarter. Two Sigma Investments LP grew its position in Heico by 0.6% during the 3rd quarter. Two Sigma Investments LP now owns 558,661 shares of the aerospace company’s stock worth $180,347,000 after acquiring an additional 3,166 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Heico by 12.1% in the 4th quarter. Fisher Asset Management LLC now owns 326,386 shares of the aerospace company’s stock worth $105,615,000 after purchasing an additional 35,288 shares in the last quarter. Munro Partners raised its position in Heico by 44.2% in the fourth quarter. Munro Partners now owns 284,898 shares of the aerospace company’s stock valued at $92,190,000 after purchasing an additional 87,265 shares during the last quarter. Finally, CI Investments Inc. raised its position in Heico by 40.0% in the fourth quarter. CI Investments Inc. now owns 164,036 shares of the aerospace company’s stock valued at $53,080,000 after purchasing an additional 46,846 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Bradley K. Rowen sold 1,326 shares of Heico stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total value of $320,401.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.86% of the company’s stock.

Heico Stock Performance

Shares of HEI stock opened at $355.06 on Friday. The stock has a market capitalization of $49.59 billion, a PE ratio of 63.40, a PEG ratio of 3.68 and a beta of 1.03. The business’s 50 day simple moving average is $340.49 and its 200 day simple moving average is $318.37. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.92 and a quick ratio of 1.36. Heico Corporation has a one year low of $256.11 and a one year high of $369.48.

Heico (NYSE:HEI) last released its quarterly earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.33. Heico had a net margin of 16.08% and a return on equity of 17.52%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business earned $1.12 EPS. The company’s revenue was up 25.3% compared to the same quarter last year. As a group, research analysts forecast that Heico Corporation will post 5.95 earnings per share for the current year.

Heico Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a yield of 7.0%. Heico’s dividend payout ratio is 4.64%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HEI. Truist Financial upgraded Heico to a “strong-buy” rating in a report on Friday, May 1st. Zacks Research upgraded shares of Heico from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 9th. UBS Group reissued a “neutral” rating and set a $390.00 target price (up from $371.00) on shares of Heico in a report on Monday, June 1st. Royal Bank Of Canada upped their price target on shares of Heico from $375.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Finally, Susquehanna raised their price target on shares of Heico from $321.00 to $365.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Heico has an average rating of “Moderate Buy” and an average target price of $374.56.

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.