Goodman Advisory Group LLC Takes Position in Heico Corporation $HEI

Goodman Advisory Group LLC acquired a new stake in shares of Heico Corporation (NYSE:HEI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,932 shares of the aerospace company’s stock, valued at approximately $530,000.

Several other large investors have also added to or reduced their stakes in the company. GM Advisory Group LLC lifted its position in shares of Heico by 1.2% in the fourth quarter. GM Advisory Group LLC now owns 2,985 shares of the aerospace company’s stock valued at $966,000 after acquiring an additional 36 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. raised its holdings in Heico by 4.0% during the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,047 shares of the aerospace company’s stock valued at $339,000 after buying an additional 40 shares during the period. Mutual Advisors LLC boosted its stake in shares of Heico by 3.8% during the 4th quarter. Mutual Advisors LLC now owns 1,181 shares of the aerospace company’s stock worth $382,000 after purchasing an additional 43 shares during the period. MBL Wealth LLC grew its stake in shares of Heico by 2.5% during the fourth quarter. MBL Wealth LLC now owns 1,817 shares of the aerospace company’s stock valued at $588,000 after buying an additional 45 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. increased its stake in Heico by 1.8% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 2,684 shares of the aerospace company’s stock worth $869,000 after purchasing an additional 48 shares during the period. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Insider Activity at Heico

In other news, Director Julie Neitzel sold 676 shares of Heico stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total transaction of $150,748.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Bradley K. Rowen sold 1,326 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total transaction of $320,401.38. Additional details regarding this sale are available in the official SEC disclosure. 4.86% of the stock is currently owned by insiders.

Heico Trading Up 0.7%

Shares of NYSE:HEI opened at $344.83 on Friday. The business’s 50-day moving average is $307.94 and its 200 day moving average is $314.38. 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 1 year low of $256.11 and a 1 year high of $361.69. The firm has a market capitalization of $48.16 billion, a P/E ratio of 61.58, a P/E/G ratio of 3.68 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 for the quarter, topping 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 business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company earned $1.12 earnings per share. The company’s quarterly revenue was up 25.3% on a year-over-year basis. On average, research analysts predict that Heico Corporation will post 5.78 earnings per share for the current fiscal year.

Heico Dividend Announcement

The business also recently announced 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 is Wednesday, July 1st. This represents a yield of 8.0%. Heico’s dividend payout ratio (DPR) is 4.29%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HEI shares. Royal Bank Of Canada lifted their price objective on shares of Heico from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Citigroup reaffirmed a “buy” rating and set a $403.00 price target (up from $323.00) on shares of Heico in a research note on Monday, June 1st. UBS Group reissued a “neutral” rating and issued a $390.00 price objective (up from $371.00) on shares of Heico in a research note on Monday, June 1st. Rothschild & Co Redburn set a $360.00 price objective on Heico and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Truist Financial raised Heico to a “strong-buy” rating in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Heico has a consensus rating of “Moderate Buy” and a consensus target price of $371.62.

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.