Heico Corporation $HEI Shares Sold by Semanteon Capital Management LP

Semanteon Capital Management LP reduced its stake in shares of Heico Corporation (NYSE:HEI) by 62.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,755 shares of the aerospace company’s stock after selling 2,944 shares during the quarter. Semanteon Capital Management LP’s holdings in Heico were worth $567,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Avalon Capital Management boosted its holdings in shares of Heico by 0.9% during the second quarter. Avalon Capital Management now owns 3,895 shares of the aerospace company’s stock valued at $1,278,000 after acquiring an additional 33 shares during the period. Simon Quick Advisors LLC increased its holdings in shares of Heico by 5.8% in the 3rd quarter. Simon Quick Advisors LLC now owns 652 shares of the aerospace company’s stock worth $211,000 after acquiring an additional 36 shares during the period. Pekin Hardy Strauss Inc. lifted its position in Heico by 4.4% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 887 shares of the aerospace company’s stock valued at $286,000 after purchasing an additional 37 shares during the last quarter. Westside Investment Management Inc. boosted its stake in Heico by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 43 shares during the period. Finally, Alpine Woods Capital Investors LLC grew its position in Heico by 0.4% in the 3rd quarter. Alpine Woods Capital Investors LLC now owns 12,911 shares of the aerospace company’s stock worth $4,168,000 after purchasing an additional 49 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors.

Heico Stock Performance

Shares of NYSE HEI opened at $351.34 on Friday. Heico Corporation has a 1 year low of $224.63 and a 1 year high of $361.69. The firm has a market cap of $48.96 billion, a P/E ratio of 71.56, a PEG ratio of 3.88 and a beta of 1.01. The stock has a fifty day moving average price of $335.25 and a two-hundred day moving average price of $322.14. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 2.83.

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

Heico Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, January 20th. Shareholders of record on Monday, January 5th were issued a $0.12 dividend. This represents a yield of 7.0%. The ex-dividend date of this dividend was Monday, January 5th. Heico’s dividend payout ratio is presently 4.89%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HEI. Citigroup reaffirmed a “buy” rating and set a $415.00 price target (up previously from $367.00) on shares of Heico in a report on Tuesday, January 13th. Susquehanna started coverage on Heico in a research report on Friday, January 23rd. They issued a “neutral” rating and a $385.00 target price on the stock. Deutsche Bank Aktiengesellschaft reiterated 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. Royal Bank Of Canada reissued an “outperform” rating and set a $375.00 price target (up from $350.00) on shares of Heico in a report on Monday, December 22nd. Finally, BNP Paribas Exane set a $330.00 price objective on shares of Heico in a research note on Tuesday, November 18th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $364.43.

Heico Company 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.