J.W. Cole Advisors Inc. Boosts Stake in Heico Corporation $HEI

J.W. Cole Advisors Inc. lifted its holdings in shares of Heico Corporation (NYSE:HEI) by 149.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,051 shares of the aerospace company’s stock after buying an additional 1,830 shares during the period. J.W. Cole Advisors Inc.’s holdings in Heico were worth $985,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HEI. Westside Investment Management Inc. lifted its stake in Heico by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock valued at $28,000 after acquiring 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. purchased a new position in shares of Heico during the third quarter valued at approximately $31,000. Andra AP fonden bought a new position in Heico during the second quarter valued at approximately $66,000. Finally, Pittenger & Anderson Inc. boosted its holdings in Heico by 159.2% in the third quarter. Pittenger & Anderson Inc. now owns 324 shares of the aerospace company’s stock worth $105,000 after purchasing an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Heico Price Performance

Shares of HEI stock opened at $326.81 on Monday. The stock has a 50 day moving average price of $330.67 and a 200 day moving average price of $321.45. Heico Corporation has a 52-week low of $216.68 and a 52-week high of $361.69. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 2.83. The firm has a market capitalization of $45.54 billion, a P/E ratio of 66.56, a P/E/G ratio of 3.61 and a beta of 1.01.

Heico (NYSE:HEI) last released its earnings results on Thursday, December 18th. The aerospace company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.11. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. Heico had a return on equity of 16.80% and a net margin of 15.39%.The business’s revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 earnings per share. As a group, sell-side analysts predict that Heico Corporation will post 4.2 earnings per share for the current year.

Heico Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 20th. Shareholders of record on Monday, January 5th were paid a $0.12 dividend. This represents a yield of 7.0%. The ex-dividend date was Monday, January 5th. Heico’s dividend payout ratio is currently 4.89%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. UBS Group reiterated a “neutral” rating and set a $371.00 target price (up from $359.00) on shares of Heico in a research note on Monday, December 22nd. BNP Paribas Exane set a $330.00 price objective on Heico in a research report on Tuesday, November 18th. Royal Bank Of Canada reissued an “outperform” rating and issued a $375.00 target price (up from $350.00) on shares of Heico in a research report on Monday, December 22nd. Citigroup reaffirmed a “buy” rating and set a $415.00 price target (up previously from $367.00) on shares of Heico in a research report on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $375.00 price objective (up previously from $355.00) on shares of Heico in a research note on Monday, December 22nd. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Heico currently has a consensus rating of “Moderate Buy” and a consensus target price 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.