5,780 Shares in Heico Corporation $HEI Acquired by Caxton Associates LLP

Caxton Associates LLP acquired a new stake in Heico Corporation (NYSE:HEI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,780 shares of the aerospace company’s stock, valued at approximately $1,585,000.

A number of other institutional investors have also recently bought and sold shares of HEI. IFC & Insurance Marketing Inc. bought a new stake in shares of Heico during the 4th quarter valued at $26,000. CBIZ Investment Advisory Services LLC boosted its position in shares of Heico by 1,000.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 80 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new stake in shares of Heico during the fourth quarter worth $32,000. V Square Quantitative Management LLC acquired a new stake in shares of Heico during the fourth quarter worth $37,000. Finally, FNY Investment Advisers LLC increased its holdings in Heico by 862.5% in the fourth quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 138 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HEI shares. Royal Bank Of Canada increased their target price on Heico from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Truist Financial upgraded Heico to a “strong-buy” rating in a research report on Friday, May 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $410.00 price target (up from $375.00) on shares of Heico in a research note on Thursday, May 28th. Rothschild & Co Redburn set a $360.00 price target on shares of Heico and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Heico from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $374.56.

Insider Activity

In related 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 transaction of $320,401.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.86% of the company’s stock.

Heico Stock Performance

Shares of Heico stock opened at $349.34 on Friday. The company has a market capitalization of $48.79 billion, a PE ratio of 62.38, a PEG ratio of 3.62 and a beta of 1.03. Heico Corporation has a 12 month low of $256.11 and a 12 month high of $369.48. 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’s fifty day simple moving average is $335.62 and its 200 day simple moving average is $318.32.

Heico (NYSE:HEI) last posted its earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.33. Heico had a return on equity of 17.52% and a net margin of 16.08%.The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm earned $1.12 earnings per share. The company’s revenue was up 25.3% on a year-over-year basis. On average, research analysts predict that Heico Corporation will post 5.95 EPS for the current year.

Heico Announces Dividend

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

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.