Nykredit A S Invests $14.16 Million in Heico Corporation $HEI

Nykredit A S purchased a new position in shares of Heico Corporation (NYSE:HEI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,763 shares of the aerospace company’s stock, valued at approximately $14,163,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Diamant Asset Management Inc. increased its position in Heico by 25,698.9% during the 1st quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company’s stock worth $209,392,000 after purchasing an additional 760,687 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Heico by 0.6% in the 3rd quarter. Two Sigma Investments LP now owns 558,661 shares of the aerospace company’s stock valued at $180,347,000 after buying an additional 3,166 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Heico by 12.1% in the fourth quarter. Fisher Asset Management LLC now owns 326,386 shares of the aerospace company’s stock valued at $105,615,000 after buying an additional 35,288 shares in the last quarter. Munro Partners grew its holdings in Heico by 44.2% during the fourth quarter. Munro Partners now owns 284,898 shares of the aerospace company’s stock worth $92,190,000 after acquiring an additional 87,265 shares during the period. Finally, Weitz Investment Management Inc. acquired a new position in Heico during the second quarter worth $52,737,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wells Fargo & Company set a $350.00 target price on Heico and gave the company an “equal weight” rating in a report on Monday, June 1st. The Goldman Sachs Group reiterated a “buy” rating and issued a $491.00 price target on shares of Heico in a report on Monday. Stifel Nicolaus set a $410.00 price objective on shares of Heico in a research note on Thursday, August 27th. Zacks Research raised shares of Heico from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 9th. Finally, Wall Street Zen upgraded shares of Heico from a “hold” rating to a “buy” rating in a research report on Monday, August 31st. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Heico currently has an average rating of “Moderate Buy” and a consensus target price of $395.38.

Heico Stock Down 0.0%

Heico stock opened at $325.63 on Friday. Heico Corporation has a fifty-two week low of $256.11 and a fifty-two week high of $376.86. The firm has a market capitalization of $45.51 billion, a price-to-earnings ratio of 54.18, a price-to-earnings-growth ratio of 2.76 and a beta of 1.04. The stock’s fifty day moving average is $352.65 and its two-hundred day moving average is $321.54. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72.

Heico (NYSE:HEI) last released its quarterly earnings results on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.16. Heico had a return on equity of 18.00% and a net margin of 16.38%.The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $1.26 EPS. The business’s revenue was up 23.1% on a year-over-year basis. Analysts predict that Heico Corporation will post 6.21 EPS for the current fiscal year.

Heico Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, July 1st. This represents a yield of 7.0%. Heico’s payout ratio is presently 4.33%.

Insider Activity

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

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.