Oak Thistle LLC Makes New $813,000 Investment in Heico Corporation $HEI

Oak Thistle LLC bought a new stake in Heico Corporation (NYSE:HEI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,512 shares of the aerospace company’s stock, valued at approximately $813,000.

Other hedge funds also recently modified their holdings of the company. CPC Advisors LLC acquired a new position in shares of Heico in the 3rd quarter valued at approximately $2,318,000. Groupama Asset Managment raised its holdings in Heico by 24.0% during the 3rd quarter. Groupama Asset Managment now owns 18,139 shares of the aerospace company’s stock worth $5,856,000 after buying an additional 3,512 shares during the period. Dynamic Technology Lab Private Ltd lifted its stake in Heico by 145.7% in the third quarter. Dynamic Technology Lab Private Ltd now owns 8,134 shares of the aerospace company’s stock valued at $2,626,000 after buying an additional 4,824 shares in the last quarter. Sumitomo Life Insurance Co. boosted its holdings in shares of Heico by 97.3% in the third quarter. Sumitomo Life Insurance Co. now owns 9,920 shares of the aerospace company’s stock valued at $3,202,000 after buying an additional 4,892 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of Heico by 149.9% in the third quarter. J.W. Cole Advisors Inc. now owns 3,051 shares of the aerospace company’s stock valued at $985,000 after buying an additional 1,830 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $375.00 price objective (up from $355.00) on shares of Heico in a report on Monday, December 22nd. Wells Fargo & Company began coverage on Heico in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $290.00 price target on the stock. Susquehanna initiated coverage on Heico in a report on Friday, January 23rd. They issued a “neutral” rating and a $385.00 price target on the stock. UBS Group reaffirmed a “neutral” rating and set a $371.00 price objective (up from $359.00) on shares of Heico in a research report on Monday, December 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Heico in a research report on Monday, December 29th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Heico currently has a consensus rating of “Moderate Buy” and an average target price of $358.71.

Heico Stock Down 1.6%

Shares of HEI stock opened at $288.61 on Friday. The firm’s fifty day moving average price is $306.68 and its two-hundred day moving average price is $317.27. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55. Heico Corporation has a 1 year low of $234.48 and a 1 year high of $361.69. The firm has a market capitalization of $40.27 billion, a P/E ratio of 57.04, a PEG ratio of 3.59 and a beta of 1.07.

Heico (NYSE:HEI) last announced its quarterly earnings data on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.09. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Heico had a return on equity of 16.57% and a net margin of 15.38%.Heico’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 EPS. On average, equities analysts predict that Heico Corporation will post 4.2 EPS for the current fiscal year.

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.