Heico Corporation $HEI Shares Sold by OneAscent Financial Services LLC

OneAscent Financial Services LLC lowered its holdings in Heico Corporation (NYSE:HEI) by 55.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,344 shares of the aerospace company’s stock after selling 1,675 shares during the period. OneAscent Financial Services LLC’s holdings in Heico were worth $434,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Andra AP fonden acquired a new stake in shares of Heico in the second quarter worth approximately $66,000. Valley National Advisers Inc. acquired a new position in Heico in the second quarter valued at $114,000. Bayforest Capital Ltd raised its holdings in shares of Heico by 51.9% in the 2nd quarter. Bayforest Capital Ltd now owns 351 shares of the aerospace company’s stock worth $115,000 after purchasing an additional 120 shares during the period. Virtus Advisers LLC purchased a new position in Heico in the second quarter valued at approximately $128,000. Finally, Harbour Investments Inc. lifted its holdings in shares of Heico by 17.9% during the 2nd quarter. Harbour Investments Inc. now owns 454 shares of the aerospace company’s stock valued at $149,000 after acquiring an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Heico Stock Up 0.7%

Shares of Heico stock opened at $338.35 on Wednesday. The stock has a market capitalization of $47.15 billion, a price-to-earnings ratio of 68.91, a PEG ratio of 3.71 and a beta of 1.03. Heico Corporation has a twelve month low of $216.68 and a twelve month high of $361.69. The company has a current ratio of 2.83, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49. The business’s 50 day simple moving average is $327.68 and its 200-day simple moving average is $320.94.

Heico (NYSE:HEI) last released its quarterly earnings data on Thursday, December 18th. The aerospace company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.11. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Heico had a net margin of 15.39% and a return on equity of 16.80%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS. Equities research analysts forecast that Heico Corporation will post 4.2 earnings per share for the current year.

Heico Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, January 5th were given a dividend of $0.12 per share. The ex-dividend date was Monday, January 5th. This represents a dividend yield of 7.0%. Heico’s payout ratio is currently 4.89%.

Analysts Set New Price Targets

HEI has been the subject of a number of analyst reports. Stifel Nicolaus set a $370.00 price objective on shares of Heico and gave the company a “buy” rating in a research report on Monday, December 22nd. Truist Financial raised their price objective on Heico from $366.00 to $391.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. UBS Group reaffirmed a “neutral” rating and issued a $371.00 target price (up from $359.00) on shares of Heico in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $375.00 price target (up previously from $355.00) on shares of Heico in a research report on Monday, December 22nd. Finally, Susquehanna began coverage on shares of Heico in a report on Friday. They issued a “neutral” rating and a $385.00 price target on the stock. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Heico currently has a consensus rating of “Moderate Buy” and a consensus target price of $364.43.

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.