10,971 Shares in Heico Corporation $HEI Acquired by PDT Partners LLC

PDT Partners LLC purchased a new stake in Heico Corporation (NYSE:HEI) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 10,971 shares of the aerospace company’s stock, valued at approximately $3,908,000.

Other institutional investors have also recently made changes to their positions in the company. Maridea Wealth Management LLC bought a new position in shares of Heico in the second quarter worth approximately $1,128,000. Indivisible Partners bought a new stake in Heico during the fourth quarter valued at approximately $5,883,000. Silvant Capital Management LLC bought a new stake in Heico during the second quarter valued at approximately $9,385,000. PFA Pension Forsikringsaktieselskab purchased a new position in Heico in the 4th quarter worth approximately $8,395,000. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new position in Heico in the 2nd quarter worth approximately $1,262,000. Institutional investors own 27.12% of the company’s stock.

Analyst Ratings Changes

HEI has been the topic of several research reports. Royal Bank Of Canada raised their price objective on shares of Heico from $375.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Susquehanna increased their target price on Heico from $321.00 to $365.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Wells Fargo & Company set a $350.00 price target on Heico and gave the company an “equal weight” rating in a research report on Monday, June 1st. Morgan Stanley set a $370.00 price target on Heico in a research note on Wednesday, July 15th. Finally, Zacks Research upgraded Heico from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 9th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Heico has an average rating of “Moderate Buy” and a consensus target price of $378.29.

Insider Transactions at Heico

In other news, CAO Bradley K. Rowen sold 1,326 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total transaction of $320,401.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.86% of the stock is currently owned by insiders.

Key Headlines Impacting Heico

Here are the key news stories impacting Heico this week:

• Positive Sentiment: HEICO’s third-quarter revenue rose 23% year over year to $1.41 billion, exceeding the $1.35 billion consensus estimate. Earnings per share reached $1.67, beating expectations of $1.51 and increasing from $1.26 a year earlier. HEICO Corporation Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Profitability was especially strong: net income increased 33% to a record $235.4 million, while operating income climbed 34%. Consolidated organic sales growth reached 14%, indicating that gains extended beyond acquisitions. HEICO Reports Record Fiscal Third-Quarter Results
• Positive Sentiment: HEICO subsidiary VPT expanded distribution through DigiKey for its military, avionics and space power-conversion products. The move could improve product accessibility and support future sales, although the near-term financial effect is likely limited. VPT Products Now Available on DigiKey
• Neutral Sentiment: The quarterly beat was driven by continued aerospace and defense demand, along with acquisitions. Investors will likely focus on whether HEICO can sustain its growth rate and margins in coming quarters. HEICO Third-Quarter Revenue Climbs
• Negative Sentiment: Despite the earnings beat, HEI trades at a high valuation, with a price-to-earnings ratio near 62 and a price-to-earnings-growth ratio of 3.56. That premium may be encouraging profit-taking and raising the bar for future earnings surprises.

Heico Trading Down 1.2%

HEI stock opened at $346.82 on Thursday. The company has a market capitalization of $48.44 billion, a PE ratio of 57.71, a price-to-earnings-growth ratio of 3.54 and a beta of 1.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.36 and a current ratio of 2.92. Heico Corporation has a one year low of $256.11 and a one year high of $376.86. The company’s 50 day moving average price is $353.86 and its two-hundred day moving average price is $321.38.

Heico (NYSE:HEI) last announced its quarterly earnings data on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.16. Heico had a net margin of 16.38% and a return on equity of 18.41%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the company earned $1.26 EPS. The firm’s revenue was up 23.1% on a year-over-year basis. As a group, analysts predict that Heico Corporation will post 6.02 earnings per share for the current fiscal year.

Heico Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a yield of 7.0%. Heico’s payout ratio is currently 4.64%.

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.