CPC Advisors LLC Has $2.52 Million Stake in Heico Corporation $HEI

CPC Advisors LLC lifted its holdings in shares of Heico Corporation (NYSE:HEI) by 208.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 9,187 shares of the aerospace company’s stock after purchasing an additional 6,208 shares during the quarter. CPC Advisors LLC’s holdings in Heico were worth $2,519,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. American Century Companies Inc. lifted its holdings in Heico by 45.7% during the 3rd quarter. American Century Companies Inc. now owns 769,704 shares of the aerospace company’s stock valued at $248,476,000 after purchasing an additional 241,559 shares during the last quarter. Munro Partners increased its holdings in shares of Heico by 44.2% in the fourth quarter. Munro Partners now owns 284,898 shares of the aerospace company’s stock valued at $92,190,000 after purchasing an additional 87,265 shares during the last quarter. CI Investments Inc. raised its position in shares of Heico by 40.0% in the fourth quarter. CI Investments Inc. now owns 164,036 shares of the aerospace company’s stock valued at $53,080,000 after purchasing an additional 46,846 shares during the period. Balyasny Asset Management L.P. raised its position in shares of Heico by 263.2% in the third quarter. Balyasny Asset Management L.P. now owns 60,469 shares of the aerospace company’s stock valued at $19,521,000 after purchasing an additional 43,821 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Heico by 12.1% during the 4th quarter. Fisher Asset Management LLC now owns 326,386 shares of the aerospace company’s stock worth $105,615,000 after buying an additional 35,288 shares during the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HEI shares. Rothschild & Co Redburn set a $360.00 target price on shares of Heico and gave the stock a “buy” rating in a report on Wednesday, May 13th. Wells Fargo & Company set a $350.00 price target on shares of Heico and gave the company an “equal weight” rating in a report on Monday, June 1st. Jefferies Financial Group restated a “buy” rating and set a $410.00 price objective (up from $375.00) on shares of Heico in a research report on Thursday, May 28th. BNP Paribas Exane upgraded Heico from a “neutral” rating to an “outperform” rating in a report on Friday, February 27th. Finally, Zacks Research raised Heico from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 9th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $371.62.

Heico Stock Up 0.1%

NYSE HEI opened at $337.39 on Monday. The business has a fifty day moving average price of $303.53 and a two-hundred day moving average price of $313.48. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.92 and a quick ratio of 1.36. Heico Corporation has a fifty-two week low of $256.11 and a fifty-two week high of $361.69. The stock has a market capitalization of $47.12 billion, a PE ratio of 60.25, a PEG ratio of 3.59 and a beta of 1.03.

Heico (NYSE:HEI) last issued its quarterly earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.33. Heico had a return on equity of 17.52% and a net margin of 16.08%.The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the company posted $1.12 EPS. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. Equities analysts expect that Heico Corporation will post 5.78 earnings per share for the current fiscal year.

Heico Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a yield of 8.0%. Heico’s dividend payout ratio (DPR) is 4.29%.

Insider Activity

In other Heico news, CAO Bradley K. Rowen sold 1,326 shares of the business’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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julie Neitzel sold 676 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total transaction of $150,748.00. The SEC filing for this sale provides additional information. Company insiders own 4.86% of the company’s stock.

Heico 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.