Atlantic Union Bankshares Corp Purchases New Holdings in Heico Corporation $HEI

Atlantic Union Bankshares Corp acquired a new position in Heico Corporation (NYSE:HEI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 19,930 shares of the aerospace company’s stock, valued at approximately $6,434,000.

Other hedge funds have also recently bought and sold shares of the company. Inspire Investing LLC bought a new position in shares of Heico in the 2nd quarter valued at about $910,000. CPC Advisors LLC bought a new position in Heico in the third quarter valued at approximately $2,318,000. Dynamic Technology Lab Private Ltd acquired a new stake in Heico during the 2nd quarter worth $1,086,000. Vinva Investment Management Ltd raised its position in shares of Heico by 849.8% during the 2nd quarter. Vinva Investment Management Ltd now owns 14,323 shares of the aerospace company’s stock valued at $4,698,000 after acquiring an additional 12,815 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp lifted its stake in shares of Heico by 54.8% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 9,181 shares of the aerospace company’s stock valued at $3,011,000 after purchasing an additional 3,249 shares during the period. 27.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HEI has been the subject of a number of analyst reports. BNP Paribas Exane set a $330.00 price objective on Heico in a research note on Tuesday, November 18th. Truist Financial upped their price target on Heico from $366.00 to $391.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $375.00 price target (up from $350.00) on shares of Heico in a research report on Monday, December 22nd. UBS Group restated a “neutral” rating and set a $371.00 price objective (up previously from $359.00) on shares of Heico in a report on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $375.00 target price (up from $355.00) on shares of Heico in a report on Monday, December 22nd. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $364.43.

Heico Stock Performance

Shares of HEI stock opened at $331.87 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 2.83. Heico Corporation has a 52 week low of $216.68 and a 52 week high of $361.69. The company’s 50 day moving average price is $329.80 and its two-hundred day moving average price is $321.26. The company has a market capitalization of $46.25 billion, a P/E ratio of 67.59, a price-to-earnings-growth ratio of 3.65 and a beta of 1.03.

Heico (NYSE:HEI) last issued its quarterly earnings data on Thursday, December 18th. The aerospace company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.11. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. Heico had a net margin of 15.39% and a return on equity of 16.80%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 earnings per share. On average, analysts expect that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Heico Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, January 5th were given a dividend of $0.12 per share. This represents a dividend yield of 7.0%. The ex-dividend date of this dividend was Monday, January 5th. Heico’s dividend payout ratio is currently 4.89%.

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.