Capstone Asset Management Co. Raises Stake in Heico Corporation (HEI)
Capstone Asset Management Co. boosted its position in Heico Corporation (NYSE:HEI) by 28.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,820 shares of the aerospace company’s stock after buying an additional 842 shares during the period. Capstone Asset Management Co.’s holdings in Heico Corporation were worth $274,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in HEI. Cambridge Investment Research Advisors Inc. purchased a new stake in Heico Corporation during the first quarter worth $202,000. Brown Advisory Securities LLC purchased a new stake in Heico Corporation during the first quarter worth $202,000. EFG Asset Management Americas Corp. purchased a new stake in Heico Corporation during the first quarter worth $216,000. Concorde Asset Management LLC purchased a new stake in Heico Corporation during the first quarter worth $228,000. Finally, KCG Holdings Inc. purchased a new stake in Heico Corporation during the first quarter worth $232,000. Institutional investors and hedge funds own 23.05% of the company’s stock.
Shares of Heico Corporation (NYSE:HEI) traded up 0.13% during midday trading on Wednesday, reaching $86.53. The company’s stock had a trading volume of 78,903 shares. The stock’s 50 day moving average is $79.08 and its 200 day moving average is $71.95. The stock has a market capitalization of $7.30 billion, a PE ratio of 43.03 and a beta of 0.76. Heico Corporation has a 12 month low of $52.56 and a 12 month high of $87.36.
Heico Corporation (NYSE:HEI) last posted its quarterly earnings results on Tuesday, May 23rd. The aerospace company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The firm had revenue of $368.70 million for the quarter, compared to analyst estimates of $368.78 million. Heico Corporation had a net margin of 12.08% and a return on equity of 15.89%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 earnings per share. On average, analysts forecast that Heico Corporation will post $2.09 EPS for the current fiscal year.
The firm also recently declared a semiannual dividend, which was paid on Wednesday, July 19th. Shareholders of record on Wednesday, July 5th were given a $0.08 dividend. This is a positive change from Heico Corporation’s previous semiannual dividend of $0.07. The ex-dividend date of this dividend was Friday, June 30th. This represents a yield of 0.22%. Heico Corporation’s payout ratio is 7.93%.
A number of equities research analysts have commented on HEI shares. Jefferies Group LLC reiterated a “hold” rating and set a $75.00 target price on shares of Heico Corporation in a report on Monday, June 26th. Zacks Investment Research cut Heico Corporation from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Finally, Canaccord Genuity reiterated a “buy” rating and set a $91.00 target price (up previously from $80.00) on shares of Heico Corporation in a report on Thursday, August 10th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Heico Corporation presently has an average rating of “Buy” and an average price target of $85.00.
Heico Corporation Company Profile
HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.
Want to see what other hedge funds are holding HEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heico Corporation (NYSE:HEI).
Receive News & Ratings for Heico Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heico Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.