3,167 Shares in Heico Corporation $HEI Purchased by Maridea Wealth Management LLC

Maridea Wealth Management LLC bought a new stake in shares of Heico Corporation (NYSE:HEI) in the second quarter, Holdings Channel reports. The firm bought 3,167 shares of the aerospace company’s stock, valued at approximately $1,128,000.

Several other institutional investors also recently bought and sold shares of the company. Diamant Asset Management Inc. increased its stake in Heico by 25,698.9% during the first quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company’s stock worth $209,392,000 after purchasing an additional 760,687 shares during the period. Two Sigma Investments LP lifted its position in shares of Heico by 0.6% during the third quarter. Two Sigma Investments LP now owns 558,661 shares of the aerospace company’s stock worth $180,347,000 after purchasing an additional 3,166 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Heico by 12.1% in the fourth quarter. Fisher Asset Management LLC now owns 326,386 shares of the aerospace company’s stock valued at $105,615,000 after purchasing an additional 35,288 shares during the period. Munro Partners boosted its stake in shares of 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 period. Finally, CI Investments Inc. grew its holdings in shares of 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 in the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HEI has been the topic of several recent research reports. Weiss Ratings raised shares of Heico from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Morgan Stanley set a $370.00 price target on shares of Heico in a research report on Wednesday, July 15th. Royal Bank Of Canada boosted their price target on shares of Heico from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Zacks Research raised Heico from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 9th. Finally, UBS Group reiterated a “neutral” rating and issued a $390.00 price objective (up from $371.00) on shares of Heico in a research note on Monday, June 1st. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $376.69.

Heico Stock Performance

Shares of HEI opened at $375.03 on Friday. The company has a market capitalization of $52.38 billion, a price-to-earnings ratio of 66.97, a price-to-earnings-growth ratio of 3.88 and a beta of 1.04. Heico Corporation has a 52-week low of $256.11 and a 52-week high of $376.86. The company has a quick ratio of 1.36, a current ratio of 2.92 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average price of $349.68 and a 200 day moving average price of $319.97.

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

Heico Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a $0.13 dividend. This represents a yield of 7.0%. The ex-dividend date was Wednesday, July 1st. Heico’s dividend payout ratio is currently 4.64%.

Insider Transactions at Heico

In other Heico news, CAO Bradley K. Rowen sold 1,326 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total transaction of $320,401.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.86% of the stock is owned by corporate insiders.

Heico Company 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.