Entropy Technologies LP Buys New Position in Heico Corporation $HEI

Entropy Technologies LP purchased a new position in shares of Heico Corporation (NYSE:HEI) in the 1st quarter, HoldingsChannel reports. The firm purchased 14,629 shares of the aerospace company’s stock, valued at approximately $4,011,000.

A number of other institutional investors also recently modified their holdings of the company. Indivisible Partners bought a new stake in Heico during the fourth quarter valued at $5,883,000. PFA Pension Forsikringsaktieselskab bought a new position in shares of Heico in the 4th quarter worth about $8,395,000. Verde Capital Management acquired a new position in shares of Heico in the 1st quarter valued at about $1,204,000. CPC Advisors LLC lifted its stake in shares of Heico by 208.4% in the 1st quarter. CPC Advisors LLC now owns 9,187 shares of the aerospace company’s stock valued at $2,519,000 after purchasing an additional 6,208 shares during the period. Finally, Moody Lynn & Lieberson LLC boosted its position in shares of Heico by 175.7% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 12,057 shares of the aerospace company’s stock valued at $3,902,000 after purchasing an additional 7,684 shares in the last quarter. 27.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HEI shares. UBS Group reaffirmed a “neutral” rating and set a $390.00 target price (up from $371.00) on shares of Heico in a research note on Monday, June 1st. Zacks Research raised Heico from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 9th. Wells Fargo & Company set a $350.00 price target on Heico and gave the stock an “equal weight” rating in a report on Monday, June 1st. Royal Bank Of Canada raised their price objective on shares of Heico from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, Truist Financial upgraded shares of Heico to a “strong-buy” rating in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Heico presently has an average rating of “Moderate Buy” and a consensus target price of $374.56.

Heico Price Performance

HEI stock opened at $349.34 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.36 and a current ratio of 2.92. The business has a 50-day simple moving average of $335.62 and a two-hundred day simple moving average of $318.32. The company has a market capitalization of $48.79 billion, a P/E ratio of 62.38, a price-to-earnings-growth ratio of 3.62 and a beta of 1.03. Heico Corporation has a 52-week low of $256.11 and a 52-week high of $369.48.

Heico (NYSE:HEI) last issued its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 EPS 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 firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the business posted $1.12 earnings per share. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. Research analysts expect that Heico Corporation will post 5.95 EPS for the current fiscal year.

Heico Dividend Announcement

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. The ex-dividend date was Wednesday, July 1st. This represents a yield of 7.0%. Heico’s dividend payout ratio is 4.64%.

Insider Buying and Selling

In related news, CAO Bradley K. Rowen sold 1,326 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total value of $320,401.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.86% of the company’s stock.

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.