MBL Wealth LLC Acquires New Stake in Heico Corporation $HEI

MBL Wealth LLC bought a new position in Heico Corporation (NYSE:HEI) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,772 shares of the aerospace company’s stock, valued at approximately $572,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alpine Woods Capital Investors LLC raised its stake in shares of Heico by 0.4% in the 3rd quarter. Alpine Woods Capital Investors LLC now owns 12,911 shares of the aerospace company’s stock worth $4,168,000 after buying an additional 49 shares in the last quarter. Value Partners Investments Inc. grew its holdings in Heico by 4.2% during the third quarter. Value Partners Investments Inc. now owns 2,658 shares of the aerospace company’s stock worth $858,000 after acquiring an additional 106 shares during the period. Optas LLC raised its position in Heico by 17.5% in the third quarter. Optas LLC now owns 900 shares of the aerospace company’s stock worth $291,000 after acquiring an additional 134 shares in the last quarter. Munro Partners lifted its holdings in Heico by 8.5% in the 3rd quarter. Munro Partners now owns 197,633 shares of the aerospace company’s stock valued at $63,800,000 after acquiring an additional 15,560 shares during the last quarter. Finally, Embree Financial Group boosted its position in shares of Heico by 1.9% during the 3rd quarter. Embree Financial Group now owns 4,103 shares of the aerospace company’s stock valued at $1,324,000 after purchasing an additional 77 shares in the last quarter. 27.12% of the stock is owned by institutional investors.

Heico Trading Up 0.1%

NYSE HEI opened at $338.07 on Friday. The firm’s 50 day moving average price is $315.69 and its two-hundred day moving average price is $316.46. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.51 and a current ratio of 2.83. Heico Corporation has a twelve month low of $216.68 and a twelve month high of $340.11. The stock has a market cap of $47.11 billion, a price-to-earnings ratio of 68.85, a PEG ratio of 3.79 and a beta of 1.04.

Heico (NYSE:HEI) last issued its earnings results on Thursday, December 18th. The aerospace company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.22 by $0.11. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Heico had a return on equity of 16.80% and a net margin of 15.39%.Heico’s revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 earnings per share. 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 will be paid on Tuesday, January 20th. Shareholders of record on Monday, January 5th will be paid a dividend of $0.12 per share. This represents a yield of 8.0%. The ex-dividend date of this dividend is Monday, January 5th. Heico’s payout ratio is 4.89%.

Insiders Place Their Bets

In related news, Director Thomas M. Culligan purchased 676 shares of Heico stock in a transaction dated Friday, October 10th. The stock was acquired at an average cost of $243.93 per share, with a total value of $164,896.68. Following the completion of the transaction, the director directly owned 11,030 shares of the company’s stock, valued at $2,690,547.90. This trade represents a 6.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carol F. Fine acquired 672 shares of the stock in a transaction that occurred on Friday, October 10th. The shares were bought at an average cost of $243.93 per share, for a total transaction of $163,920.96. Following the completion of the transaction, the director directly owned 672 shares of the company’s stock, valued at $163,920.96. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 4,448 shares of company stock valued at $1,086,933 over the last ninety days. Insiders own 9.55% of the company’s stock.

Analysts Set New Price Targets

HEI has been the topic of a number of research reports. Barclays boosted their target price on shares of Heico from $280.00 to $300.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $375.00 price target (up previously from $355.00) on shares of Heico in a report on Monday. Bank of America raised their price objective on Heico from $355.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. BNP Paribas Exane began coverage on Heico in a research report on Tuesday, November 18th. They set a “neutral” rating and a $330.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Heico in a report on Monday. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $357.07.

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.