Dixon Mitchell Investment Counsel Inc. Acquires 2,331 Shares of Heico Corporation $HEI

Dixon Mitchell Investment Counsel Inc. boosted its stake in Heico Corporation (NYSE:HEI) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 203,504 shares of the aerospace company’s stock after acquiring an additional 2,331 shares during the period. Heico accounts for about 2.3% of Dixon Mitchell Investment Counsel Inc.’s holdings, making the stock its 18th biggest position. Dixon Mitchell Investment Counsel Inc. owned about 0.15% of Heico worth $65,695,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. CPC Advisors LLC purchased a new stake in Heico during the third quarter valued at about $2,318,000. Vinva Investment Management Ltd grew its position in shares of Heico by 849.8% in the second quarter. Vinva Investment Management Ltd now owns 14,323 shares of the aerospace company’s stock valued at $4,698,000 after purchasing an additional 12,815 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Heico during the 2nd quarter worth about $1,086,000. Lombard Odier Asset Management USA Corp boosted its position in shares of Heico by 54.8% in the second quarter. Lombard Odier Asset Management USA Corp now owns 9,181 shares of the aerospace company’s stock valued at $3,011,000 after acquiring an additional 3,249 shares during the period. Finally, Sumitomo Life Insurance Co. grew its position in shares of Heico by 97.3% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 9,920 shares of the aerospace company’s stock valued at $3,202,000 after purchasing an additional 4,892 shares in the last quarter. 27.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HEI has been the topic of a number of research analyst reports. Truist Financial increased their price target on shares of Heico from $366.00 to $391.00 and gave the stock a “buy” rating in a report on Tuesday, December 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $375.00 price target (up from $350.00) on shares of Heico in a research note on Monday, December 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $375.00 target price (up from $355.00) on shares of Heico in a research note on Monday, December 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Heico in a research report on Monday, December 29th. Finally, BNP Paribas Exane raised Heico from a “neutral” rating to an “outperform” rating in a research note on Friday, February 27th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $364.43.

Heico Stock Performance

Shares of NYSE:HEI opened at $310.14 on Tuesday. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average price of $335.11 and a 200-day moving average price of $323.26. The company has a market cap of $43.22 billion, a price-to-earnings ratio of 61.29, a price-to-earnings-growth ratio of 3.72 and a beta of 1.01. Heico Corporation has a 12 month low of $229.07 and a 12 month high of $361.69.

Heico (NYSE:HEI) last posted its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.09. Heico had a return on equity of 16.57% and a net margin of 15.38%.The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the firm earned $1.20 earnings per share. Heico’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, equities analysts anticipate that Heico Corporation will post 4.2 EPS for the current year.

Heico Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, January 5th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a dividend yield of 7.0%. Heico’s payout ratio is 4.74%.

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.