Erste Asset Management GmbH Buys 34,000 Shares of Heico Corporation $HEI

Erste Asset Management GmbH grew its position in Heico Corporation (NYSE:HEI) by 136.0% during the third quarter, HoldingsChannel reports. The firm owned 59,000 shares of the aerospace company’s stock after buying an additional 34,000 shares during the quarter. Erste Asset Management GmbH’s holdings in Heico were worth $18,752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Westside Investment Management Inc. raised its holdings in Heico by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 43 shares during the period. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Heico in the third quarter valued at about $29,000. Hazlett Burt & Watson Inc. bought a new position in shares of Heico in the third quarter worth about $31,000. Andra AP fonden acquired a new position in shares of Heico during the 2nd quarter worth about $66,000. Finally, Pittenger & Anderson Inc. boosted its stake in Heico by 159.2% during the 3rd quarter. Pittenger & Anderson Inc. now owns 324 shares of the aerospace company’s stock valued at $105,000 after purchasing an additional 199 shares during the period. 27.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on HEI shares. Royal Bank Of Canada reiterated 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. Citigroup restated a “buy” rating and issued a $415.00 price target (up from $367.00) on shares of Heico in a research report on Tuesday, January 13th. Truist Financial upped their price objective on shares of Heico from $366.00 to $391.00 and gave the company a “buy” rating in a research report on Tuesday, December 23rd. Wall Street Zen upgraded Heico from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Heico in a report on Monday, December 29th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $364.43.

Heico Trading Up 1.9%

HEI stock opened at $319.03 on Friday. Heico Corporation has a 1-year low of $229.07 and a 1-year 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 moving average is $337.43 and its 200-day moving average is $322.79. The firm has a market cap of $44.46 billion, a P/E ratio of 63.05, a P/E/G ratio of 3.45 and a beta of 1.01.

Heico (NYSE:HEI) last posted its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.26 by $0.09. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Heico had a return on equity of 16.93% and a net margin of 15.38%.Heico’s revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $1.20 EPS. Equities analysts anticipate that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Heico Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, January 5th were paid a $0.12 dividend. This represents a dividend yield of 7.0%. The ex-dividend date was Monday, January 5th. Heico’s payout ratio is currently 4.74%.

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.