26,347 Shares in Heico Corporation $HEI Purchased by Silvant Capital Management LLC

Silvant Capital Management LLC purchased a new stake in Heico Corporation (NYSE:HEI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 26,347 shares of the aerospace company’s stock, valued at approximately $9,385,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Diamant Asset Management Inc. boosted its holdings in shares of Heico by 25,698.9% during the 1st quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company’s stock valued at $209,392,000 after buying an additional 760,687 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Heico in the 2nd quarter worth about $54,386,000. Munro Partners increased its stake in shares of Heico by 44.2% in the 4th quarter. Munro Partners now owns 284,898 shares of the aerospace company’s stock worth $92,190,000 after acquiring an additional 87,265 shares in the last quarter. CI Investments Inc. lifted its position in Heico by 40.0% during the 4th quarter. CI Investments Inc. now owns 164,036 shares of the aerospace company’s stock valued at $53,080,000 after acquiring an additional 46,846 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in Heico by 263.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 60,469 shares of the aerospace company’s stock valued at $19,521,000 after acquiring an additional 43,821 shares during the period. 27.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Heico

In other news, CAO Bradley K. Rowen sold 1,326 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total value of $320,401.38. The sale was disclosed in a filing with the SEC, which is available at this link. 4.86% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on HEI. UBS Group reiterated a “neutral” rating and set a $390.00 price target (up from $371.00) on shares of Heico in a report on Monday, June 1st. Truist Financial upgraded shares of Heico to a “strong-buy” rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft set a $421.00 price objective on Heico and gave the company a “buy” rating in a research report on Wednesday. Susquehanna increased their target price on Heico from $321.00 to $365.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Finally, Rothschild & Co Redburn set a $360.00 target price on Heico and gave the stock a “buy” rating in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $379.56.

Heico Stock Down 3.3%

NYSE HEI opened at $351.32 on Friday. Heico Corporation has a 12 month low of $256.11 and a 12 month high of $376.86. The company has a current ratio of 2.92, a quick ratio of 1.36 and a debt-to-equity ratio of 0.53. The stock has a market cap of $49.07 billion, a PE ratio of 62.74, a P/E/G ratio of 3.77 and a beta of 1.04. The stock’s 50 day moving average is $352.56 and its 200 day moving average is $320.71.

Heico (NYSE:HEI) last released its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.33 by $0.33. Heico had a net margin of 16.08% and a return on equity of 17.52%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. The business’s revenue was up 25.3% on a year-over-year basis. Research analysts predict that Heico Corporation will post 5.95 EPS for the current fiscal year.

Heico Announces Dividend

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

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.