Heico Corporation $HEI Shares Sold by Ironvine Capital Partners LLC

Ironvine Capital Partners LLC trimmed its holdings in shares of Heico Corporation (NYSE:HEI) by 87.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,868 shares of the aerospace company’s stock after selling 234,917 shares during the quarter. Heico makes up approximately 1.1% of Ironvine Capital Partners LLC’s investment portfolio, making the stock its 26th largest position. Ironvine Capital Partners LLC’s holdings in Heico were worth $12,063,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Maridea Wealth Management LLC acquired a new position in shares of Heico during the 2nd quarter worth about $1,128,000. Indivisible Partners acquired a new stake in shares of Heico in the fourth quarter worth approximately $5,883,000. Silvant Capital Management LLC purchased a new stake in shares of Heico during the second quarter worth approximately $9,385,000. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Heico during the fourth quarter worth approximately $8,395,000. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new position in Heico in the 2nd quarter valued at $1,262,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Heico

In related news, CAO Bradley K. Rowen sold 1,326 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were 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 at this hyperlink. Insiders own 4.86% of the company’s stock.

Heico Stock Performance

NYSE HEI opened at $324.63 on Wednesday. The stock has a fifty day simple moving average of $353.63 and a 200-day simple moving average of $321.61. The company has a current ratio of 2.72, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. The stock has a market cap of $45.34 billion, a PE ratio of 54.02, a P/E/G ratio of 3.23 and a beta of 1.04. Heico Corporation has a twelve month low of $256.11 and a twelve month high of $376.86.

Heico (NYSE:HEI) last issued its quarterly earnings data on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.16. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.36 billion. Heico had a net margin of 16.38% and a return on equity of 18.00%. Heico’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 EPS. Equities analysts anticipate that Heico Corporation will post 6.13 earnings per share for the current year.

Heico Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a $0.13 dividend. This represents a dividend yield of 7.0%. The ex-dividend date was Wednesday, July 1st. Heico’s dividend payout ratio is currently 4.33%.

Analyst Upgrades and Downgrades

HEI has been the subject of a number of research reports. Stifel Nicolaus set a $410.00 target price on shares of Heico in a report on Thursday, August 27th. Morgan Stanley set a $370.00 price objective on Heico in a research report on Wednesday, July 15th. UBS Group reissued a “neutral” rating and set a $396.00 price objective (up from $382.00) on shares of Heico in a research note on Thursday, August 27th. The Goldman Sachs Group restated a “buy” rating and issued a $491.00 target price on shares of Heico in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft set a $421.00 price target on Heico and gave the stock a “buy” rating in a report on Wednesday, August 19th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $396.07.

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.