Wendell David Associates Inc. Buys 3,595 Shares of Heico Corporation $HEI

Wendell David Associates Inc. boosted its stake in shares of Heico Corporation (NYSE:HEI) by 54.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,189 shares of the aerospace company’s stock after acquiring an additional 3,595 shares during the period. Wendell David Associates Inc.’s holdings in Heico were worth $2,794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. IFC & Insurance Marketing Inc. purchased a new stake in Heico in the 4th quarter worth $26,000. CBIZ Investment Advisory Services LLC grew its position in shares of Heico by 1,000.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 80 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new position in shares of Heico during the fourth quarter valued at about $32,000. V Square Quantitative Management LLC bought a new stake in shares of Heico in the fourth quarter worth about $37,000. Finally, FNY Investment Advisers LLC lifted its position in shares of Heico by 862.5% in the fourth quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock worth $49,000 after buying an additional 138 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors.

Insider Activity at Heico

In other news, Director Julie Neitzel sold 676 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total value of $150,748.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Bradley K. Rowen sold 1,326 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total value of $320,401.38. The SEC filing for this sale provides additional information. 4.86% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HEI. Wall Street Zen raised Heico from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. UBS Group reaffirmed a “neutral” rating and set a $390.00 price objective (up from $371.00) on shares of Heico in a report on Monday, June 1st. Wells Fargo & Company set a $350.00 target price on Heico and gave the company an “equal weight” rating in a research report on Monday, June 1st. Rothschild & Co Redburn set a $360.00 target price on shares of Heico and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Heico from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 9th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Heico currently has a consensus rating of “Moderate Buy” and an average price target of $371.62.

Heico Trading Up 1.6%

HEI stock opened at $355.87 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 2.92 and a debt-to-equity ratio of 0.53. Heico Corporation has a twelve month low of $256.11 and a twelve month high of $361.69. The stock has a market capitalization of $49.70 billion, a price-to-earnings ratio of 63.55, a price-to-earnings-growth ratio of 3.73 and a beta of 1.03. The firm’s fifty day simple moving average is $310.52 and its two-hundred day simple moving average is $315.02.

Heico (NYSE:HEI) last released its 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. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.25 billion. Heico had a net margin of 16.08% and a return on equity of 17.52%. The business’s revenue was up 25.3% on a year-over-year basis. During the same quarter last year, the business earned $1.12 EPS. As a group, analysts anticipate that Heico Corporation will post 5.78 earnings per share for the current year.

Heico Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a yield of 7.0%. Heico’s dividend payout ratio (DPR) is presently 4.29%.

About Heico

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.