Semanteon Capital Management LP Cuts Stock Position in Heico Corporation $HEI

Semanteon Capital Management LP trimmed its holdings in shares of Heico Corporation (NYSE:HEI) by 62.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,755 shares of the aerospace company’s stock after selling 2,944 shares during the period. Semanteon Capital Management LP’s holdings in Heico were worth $567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its stake in shares of Heico by 68.9% during the second quarter. American Century Companies Inc. now owns 528,145 shares of the aerospace company’s stock worth $173,232,000 after purchasing an additional 215,530 shares in the last quarter. Munro Partners purchased a new stake in shares of Heico during the 2nd quarter valued at about $59,720,000. AMJ Financial Wealth Management acquired a new position in Heico during the 2nd quarter worth approximately $11,552,000. CW Advisors LLC boosted its holdings in Heico by 648.3% in the 2nd quarter. CW Advisors LLC now owns 29,646 shares of the aerospace company’s stock worth $9,724,000 after acquiring an additional 25,684 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in Heico in the third quarter valued at approximately $6,434,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Heico Price Performance

Shares of NYSE HEI opened at $351.34 on Friday. The company has a current ratio of 2.83, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $48.96 billion, a price-to-earnings ratio of 71.56, a price-to-earnings-growth ratio of 3.88 and a beta of 1.01. Heico Corporation has a twelve month low of $224.63 and a twelve month high of $361.69. The business has a 50 day simple moving average of $335.25 and a 200-day simple moving average of $322.14.

Heico (NYSE:HEI) last announced its quarterly earnings data on Thursday, December 18th. The aerospace company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.11. Heico had a return on equity of 16.80% and a net margin of 15.39%.The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business posted $0.99 earnings per share. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, equities research analysts expect that Heico Corporation will post 4.2 earnings per share for the current year.

Heico Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 20th. Shareholders of record on Monday, January 5th were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, January 5th. This represents a yield of 7.0%. Heico’s dividend payout ratio (DPR) is currently 4.89%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Stifel Nicolaus set a $370.00 target price on shares of Heico and gave the stock a “buy” rating in a research report on Monday, December 22nd. Wall Street Zen cut shares of Heico from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Susquehanna initiated coverage on Heico in a report on Friday, January 23rd. They issued a “neutral” rating and a $385.00 price target for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $375.00 price objective (up from $355.00) on shares of Heico in a report on Monday, December 22nd. Finally, BNP Paribas Exane set a $330.00 price target on shares of Heico in a research note on Tuesday, November 18th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $364.43.

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.