Numerai GP LLC Takes $8.01 Million Position in Heico Corporation $HEI

Numerai GP LLC bought a new position in Heico Corporation (NYSE:HEI) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 24,799 shares of the aerospace company’s stock, valued at approximately $8,006,000. Heico accounts for about 1.1% of Numerai GP LLC’s holdings, making the stock its 5th biggest holding.

Other large investors also recently bought and sold shares of the company. Westside Investment Management Inc. grew its holdings in Heico by 100.0% in the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 43 shares during the period. Greykasell Wealth Strategies Inc. purchased a new position in shares of Heico during the third quarter valued at approximately $29,000. Hazlett Burt & Watson Inc. bought a new stake in shares of Heico in the 3rd quarter worth approximately $31,000. Pittenger & Anderson Inc. boosted its position in shares of Heico by 159.2% in the 3rd quarter. Pittenger & Anderson Inc. now owns 324 shares of the aerospace company’s stock worth $105,000 after purchasing an additional 199 shares in the last quarter. Finally, Virtus Advisers LLC purchased a new stake in shares of Heico in the 2nd quarter worth approximately $128,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

Heico Stock Performance

HEI stock opened at $291.79 on Tuesday. The stock’s 50 day simple moving average is $331.84 and its 200 day simple moving average is $322.55. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55. Heico Corporation has a 12-month low of $229.07 and a 12-month high of $361.69. The stock has a market capitalization of $40.66 billion, a PE ratio of 57.67, a price-to-earnings-growth ratio of 3.53 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 analysts’ consensus estimates of $1.26 by $0.09. Heico had a return on equity of 16.57% and a net margin of 15.38%.The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company earned $1.20 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, research analysts forecast that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Heico Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, January 20th. Investors of record on Monday, January 5th were issued a $0.12 dividend. This represents a yield of 7.0%. The ex-dividend date was Monday, January 5th. Heico’s dividend payout ratio (DPR) is presently 4.74%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HEI. Weiss Ratings reiterated a “buy (b-)” rating on shares of Heico in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $375.00 target price (up from $355.00) on shares of Heico in a research note on Monday, December 22nd. Royal Bank Of Canada restated 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. Susquehanna started coverage on Heico in a research report on Friday, January 23rd. They issued a “neutral” rating and a $385.00 price target for the company. Finally, Stifel Nicolaus set a $370.00 price target on shares of Heico and gave the stock a “buy” rating in a research note on Monday, December 22nd. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Heico presently has an average rating of “Moderate Buy” and a consensus price target 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.