Embree Financial Group Decreases Position in HEICO Co. (NYSE:HEI)

Embree Financial Group cut its position in HEICO Co. (NYSE:HEIFree Report) by 36.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 4,312 shares of the aerospace company’s stock after selling 2,500 shares during the quarter. Embree Financial Group’s holdings in HEICO were worth $824,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HEI. Capital World Investors grew its stake in shares of HEICO by 10.5% in the fourth quarter. Capital World Investors now owns 3,276,326 shares of the aerospace company’s stock worth $586,036,000 after acquiring an additional 311,304 shares during the period. Zeno Equity Partners LLP grew its stake in shares of HEICO by 154.3% in the first quarter. Zeno Equity Partners LLP now owns 161,570 shares of the aerospace company’s stock worth $30,860,000 after acquiring an additional 98,033 shares during the period. Azimuth Capital Investment Management LLC grew its stake in shares of HEICO by 118.3% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 93,108 shares of the aerospace company’s stock worth $16,654,000 after acquiring an additional 50,448 shares during the period. Federated Hermes Inc. grew its stake in shares of HEICO by 8.3% in the fourth quarter. Federated Hermes Inc. now owns 567,103 shares of the aerospace company’s stock worth $101,438,000 after acquiring an additional 43,509 shares during the period. Finally, Dynamo Internacional Gestao DE Recursos LTDA. grew its stake in shares of HEICO by 27.3% in the third quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 80,726 shares of the aerospace company’s stock worth $13,072,000 after acquiring an additional 17,323 shares during the period. 27.12% of the stock is owned by hedge funds and other institutional investors.

HEICO Price Performance

Shares of HEI traded up $0.82 during mid-day trading on Wednesday, reaching $225.71. The stock had a trading volume of 438,514 shares, compared to its average volume of 380,073. The firm has a market cap of $31.26 billion, a price-to-earnings ratio of 70.98, a PEG ratio of 3.34 and a beta of 1.20. HEICO Co. has a 12 month low of $155.42 and a 12 month high of $232.02. The business has a fifty day moving average of $220.63 and a 200 day moving average of $199.37. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.57 and a current ratio of 3.52.

HEICO (NYSE:HEIGet Free Report) last posted its quarterly earnings results on Tuesday, May 28th. The aerospace company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. HEICO had a net margin of 12.62% and a return on equity of 14.26%. The business had revenue of $955.40 million during the quarter, compared to analyst estimates of $951.24 million. During the same period in the prior year, the business posted $0.76 earnings per share. The company’s revenue was up 38.9% on a year-over-year basis. Equities analysts predict that HEICO Co. will post 3.57 EPS for the current year.

HEICO Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a $0.11 dividend. This represents a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, July 1st. This is an increase from HEICO’s previous Semi-Annual dividend of $0.07. HEICO’s payout ratio is 6.92%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Robert W. Baird lifted their price target on shares of HEICO from $223.00 to $243.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. Bank of America lifted their price target on shares of HEICO from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Royal Bank of Canada boosted their target price on shares of HEICO from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Benchmark boosted their target price on shares of HEICO from $185.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, June 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of HEICO from $209.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $236.00.

Check Out Our Latest Stock Analysis on HEI

Insider Buying and Selling at HEICO

In other HEICO news, insider Eric A. Mendelson sold 8,864 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $180.54, for a total transaction of $1,600,306.56. Following the completion of the transaction, the insider now owns 222,401 shares in the company, valued at $40,152,276.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Eric A. Mendelson sold 8,864 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $180.54, for a total value of $1,600,306.56. Following the transaction, the insider now owns 222,401 shares of the company’s stock, valued at approximately $40,152,276.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Eric A. Mendelson sold 2,832 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $180.06, for a total transaction of $509,929.92. Following the completion of the transaction, the insider now directly owns 246,060 shares in the company, valued at approximately $44,305,563.60. The disclosure for this sale can be found here. 8.10% of the stock is owned by company insiders.

HEICO Profile

(Free Report)

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.

Further Reading

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Institutional Ownership by Quarter for HEICO (NYSE:HEI)

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