Diamant Asset Management Inc. Increases Stock Holdings in Heico Corporation $HEI

Diamant Asset Management Inc. boosted its holdings in shares of Heico Corporation (NYSE:HEI) by 25,698.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 763,647 shares of the aerospace company’s stock after buying an additional 760,687 shares during the period. Heico makes up 0.7% of Diamant Asset Management Inc.’s holdings, making the stock its 26th largest position. Diamant Asset Management Inc.’s holdings in Heico were worth $209,392,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. purchased a new stake in shares of Heico during the fourth quarter worth about $26,000. CBIZ Investment Advisory Services LLC raised its position in shares of Heico by 1,000.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 80 shares during the last quarter. Birchwood Financial Partners Inc. purchased a new position in shares of Heico in the 4th quarter valued at approximately $32,000. V Square Quantitative Management LLC acquired a new stake in Heico in the 4th quarter worth approximately $37,000. Finally, FNY Investment Advisers LLC grew its position in Heico by 862.5% during the 4th quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 138 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

Heico Trading Up 0.7%

Shares of Heico stock opened at $344.83 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.92 and a quick ratio of 1.36. The firm has a fifty day moving average price of $307.94 and a 200 day moving average price of $314.38. Heico Corporation has a 1 year low of $256.11 and a 1 year high of $361.69. The stock has a market cap of $48.16 billion, a PE ratio of 61.58, a price-to-earnings-growth ratio of 3.68 and a beta of 1.03.

Heico (NYSE:HEI) last posted its quarterly earnings results on Wednesday, May 27th. The aerospace company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.33 by $0.33. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.25 billion. Heico had a net margin of 16.08% and a return on equity of 17.52%. The firm’s revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.12 earnings per share. Equities research analysts predict that Heico Corporation will post 5.78 earnings per share for the current year.

Heico Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a $0.13 dividend. This represents a dividend yield of 8.0%. The ex-dividend date of this dividend is Wednesday, July 1st. Heico’s payout ratio is 4.29%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HEI shares. Royal Bank Of Canada upped their price target on shares of Heico from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Susquehanna boosted their price objective on shares of Heico from $321.00 to $365.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Wells Fargo & Company set a $350.00 target price on Heico and gave the company an “equal weight” rating in a research report on Monday, June 1st. Weiss Ratings lowered Heico from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. Finally, Citigroup reaffirmed a “buy” rating and set a $403.00 price target (up from $323.00) on shares of Heico in a research report on Monday, June 1st. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.62.

Insider Transactions at Heico

In other Heico news, Director Julie Neitzel sold 676 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total value of $150,748.00. The sale 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 company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total value of $320,401.38. The disclosure for this sale is available in the SEC filing. 4.86% of the stock is owned by corporate insiders.

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.