SBI Okasan Asset Management Co.Ltd. Invests $1.26 Million in Heico Corporation $HEI

SBI Okasan Asset Management Co.Ltd. bought a new position in Heico Corporation (NYSE:HEI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,600 shares of the aerospace company’s stock, valued at approximately $1,262,000.

A number of other large investors have also recently added to or reduced their stakes in the business. GM Advisory Group LLC grew its position in Heico by 1.2% in the fourth quarter. GM Advisory Group LLC now owns 2,985 shares of the aerospace company’s stock worth $966,000 after buying an additional 36 shares during the last quarter. DSM Capital Partners LLC increased its holdings in shares of Heico by 5.4% in the first quarter. DSM Capital Partners LLC now owns 807 shares of the aerospace company’s stock valued at $221,000 after buying an additional 41 shares in the last quarter. Mutual Advisors LLC lifted its position in shares of Heico by 3.8% during the 4th quarter. Mutual Advisors LLC now owns 1,181 shares of the aerospace company’s stock valued at $382,000 after acquiring an additional 43 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its position in shares of Heico by 1.8% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 2,684 shares of the aerospace company’s stock valued at $869,000 after acquiring an additional 48 shares during the last quarter. Finally, Fortress Financial Solutions LLC boosted its stake in shares of Heico by 2.8% during the 1st quarter. Fortress Financial Solutions LLC now owns 1,796 shares of the aerospace company’s stock worth $493,000 after acquiring an additional 49 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors.

Heico Trading Down 0.3%

NYSE HEI opened at $371.83 on Friday. Heico Corporation has a twelve month low of $256.11 and a twelve month high of $376.86. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.36 and a current ratio of 2.92. The stock has a market cap of $51.93 billion, a price-to-earnings ratio of 66.40, a PEG ratio of 3.87 and a beta of 1.04. The firm’s 50 day moving average price is $348.81 and its two-hundred day moving average price is $319.58.

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, beating analysts’ consensus estimates of $1.33 by $0.33. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.25 billion. Heico had a return on equity of 17.52% and a net margin of 16.08%.The company’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.12 earnings per share. Equities analysts anticipate that Heico Corporation will post 5.95 EPS for the current year.

Heico Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were paid a $0.13 dividend. This represents a yield of 7.0%. The ex-dividend date of this dividend was Wednesday, July 1st. Heico’s dividend payout ratio is currently 4.64%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HEI shares. Morgan Stanley set a $370.00 target price on Heico in a report on Wednesday, July 15th. Zacks Research raised Heico from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 9th. Weiss Ratings upgraded Heico from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Truist Financial raised Heico to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Citigroup restated a “buy” rating and set a $429.00 price objective (up from $410.00) on shares of Heico in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $376.69.

Insider Transactions at Heico

In other Heico news, CAO Bradley K. Rowen sold 1,326 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total transaction of $320,401.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.86% of the company’s stock.

Heico Company 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.