GSA Capital Partners LLP Makes New $1.07 Million Investment in Heico Corporation $HEI

GSA Capital Partners LLP purchased a new stake in Heico Corporation (NYSE:HEI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,004 shares of the aerospace company’s stock, valued at approximately $1,070,000.

Other large investors have also recently modified their holdings of the company. Maridea Wealth Management LLC purchased a new position in shares of Heico during the second quarter worth about $1,128,000. Barrett & Company Inc. increased its holdings in shares of Heico by 75.0% in the 2nd quarter. Barrett & Company Inc. now owns 2,812 shares of the aerospace company’s stock worth $1,002,000 after buying an additional 1,205 shares during the last quarter. CPC Advisors LLC raised its position in shares of Heico by 1.9% during the 2nd quarter. CPC Advisors LLC now owns 9,366 shares of the aerospace company’s stock valued at $3,336,000 after buying an additional 179 shares in the last quarter. Avidian Wealth Enterprises LLC bought a new stake in shares of Heico during the 2nd quarter worth $282,000. Finally, BankChampaign National Association lifted its position in Heico by 6.3% in the 2nd quarter. BankChampaign National Association now owns 2,834 shares of the aerospace company’s stock worth $1,009,000 after buying an additional 169 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

Insider Buying and Selling at Heico

In other news, CAO Bradley K. Rowen sold 1,326 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total value of $320,401.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.86% of the company’s stock.

Heico Price Performance

HEI stock opened at $370.69 on Tuesday. The firm’s 50-day moving average price is $350.63 and its two-hundred day moving average price is $320.08. Heico Corporation has a 12-month low of $256.11 and a 12-month high of $376.86. The stock has a market capitalization of $51.77 billion, a price-to-earnings ratio of 66.19, a PEG ratio of 3.88 and a beta of 1.04. The company has a current ratio of 2.92, a quick ratio of 1.36 and a debt-to-equity ratio of 0.53.

Heico (NYSE:HEI) last posted its earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share for the quarter, topping 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 net margin of 16.08% and a return on equity of 17.52%. Heico’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 earnings per share. As a group, equities analysts predict that Heico Corporation will post 5.95 earnings per share for the current year.

Heico Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HEI. Zacks Research raised Heico from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 9th. Wall Street Zen raised Heico from a “hold” rating to a “buy” rating in a research note on Saturday. Susquehanna increased their target price on Heico from $321.00 to $365.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Jefferies Financial Group restated a “buy” rating and set a $425.00 price target on shares of Heico in a research report on Thursday. Finally, Morgan Stanley set a $370.00 price target on Heico in a research note on Wednesday, July 15th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Heico currently has an average rating of “Moderate Buy” and a consensus target price of $376.69.

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.