Fisher Asset Management LLC boosted its position in shares of Heico Corporation (NYSE:HEI) by 20.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,170,462 shares of the aerospace company’s stock after buying an additional 200,591 shares during the period. Fisher Asset Management LLC owned approximately 3.47% of Heico Corporation worth $84,086,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bell Bank boosted its stake in shares of Heico Corporation by 4.4% in the first quarter. Bell Bank now owns 3,943 shares of the aerospace company’s stock worth $344,000 after buying an additional 165 shares during the period. Steinberg Global Asset Management boosted its stake in shares of Heico Corporation by 1.4% in the first quarter. Steinberg Global Asset Management now owns 15,624 shares of the aerospace company’s stock valued at $1,362,000 after buying an additional 209 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Heico Corporation by 2.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,749 shares of the aerospace company’s stock valued at $850,000 after buying an additional 234 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in shares of Heico Corporation by 1.8% in the first quarter. Bahl & Gaynor Inc. now owns 30,433 shares of the aerospace company’s stock valued at $2,654,000 after buying an additional 535 shares during the last quarter. Finally, Virginia Retirement Systems ET AL boosted its stake in shares of Heico Corporation by 10.3% in the first quarter. Virginia Retirement Systems ET AL now owns 8,600 shares of the aerospace company’s stock valued at $750,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 22.34% of the company’s stock.
Shares of Heico Corporation (NYSE HEI) traded up 0.32% during trading on Tuesday, reaching $85.49. The company’s stock had a trading volume of 171,287 shares. The stock has a 50-day moving average of $76.30 and a 200-day moving average of $70.59. Heico Corporation has a 52-week low of $52.56 and a 52-week high of $86.13. The stock has a market cap of $7.21 billion, a P/E ratio of 42.51 and a beta of 0.76.
Heico Corporation (NYSE:HEI) last announced its earnings results on Tuesday, May 23rd. The aerospace company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.03. The firm had revenue of $368.70 million for the quarter, compared to analysts’ expectations of $368.78 million. Heico Corporation had a net margin of 12.08% and a return on equity of 15.89%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 EPS. Analysts predict that Heico Corporation will post $2.09 earnings per share for the current fiscal year.
The firm also recently announced a semiannual dividend, which was paid on Wednesday, July 19th. Stockholders of record on Wednesday, July 5th were given a dividend of $0.08 per share. This represents a dividend yield of 0.22%. This is a boost from Heico Corporation’s previous semiannual dividend of $0.07. The ex-dividend date was Friday, June 30th. Heico Corporation’s dividend payout ratio is currently 7.93%.
Several equities analysts recently issued reports on HEI shares. Deutsche Bank AG reiterated a “buy” rating and issued a $100.00 price target on shares of Heico Corporation in a report on Wednesday, April 12th. Zacks Investment Research cut Heico Corporation from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Canaccord Genuity increased their target price on Heico Corporation from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Stephens initiated coverage on Heico Corporation in a research report on Thursday, April 13th. They set an “equal weight” rating and a $87.00 price target on the stock. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $75.00 price target on shares of Heico Corporation in a research report on Monday, June 26th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $83.63.
About Heico Corporation
HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.
Receive News & Ratings for Heico Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heico Corporation and related companies with our FREE daily email newsletter.