American Century Companies Inc. Buys 241,559 Shares of Heico Corporation $HEI

American Century Companies Inc. raised its stake in Heico Corporation (NYSE:HEI) by 45.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 769,704 shares of the aerospace company’s stock after acquiring an additional 241,559 shares during the quarter. American Century Companies Inc.’s holdings in Heico were worth $248,476,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Dixon Mitchell Investment Counsel Inc. raised its holdings in shares of Heico by 3.8% in the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 201,173 shares of the aerospace company’s stock worth $65,985,000 after purchasing an additional 7,364 shares during the period. Munro Partners increased its position in Heico by 8.5% in the third quarter. Munro Partners now owns 197,633 shares of the aerospace company’s stock worth $63,800,000 after buying an additional 15,560 shares during the last quarter. Marsico Capital Management LLC raised its stake in shares of Heico by 13.8% in the second quarter. Marsico Capital Management LLC now owns 99,287 shares of the aerospace company’s stock valued at $32,566,000 after buying an additional 12,021 shares during the period. Erste Asset Management GmbH raised its stake in shares of Heico by 136.0% in the third quarter. Erste Asset Management GmbH now owns 59,000 shares of the aerospace company’s stock valued at $18,752,000 after buying an additional 34,000 shares during the period. Finally, PDT Partners LLC lifted its position in shares of Heico by 52.6% during the 2nd quarter. PDT Partners LLC now owns 39,019 shares of the aerospace company’s stock valued at $12,798,000 after buying an additional 13,443 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Heico Price Performance

Shares of NYSE HEI opened at $319.03 on Friday. The stock’s 50-day simple moving average is $337.43 and its two-hundred day simple moving average is $322.84. Heico Corporation has a twelve month low of $229.07 and a twelve month high of $361.69. The firm has a market capitalization of $44.46 billion, a P/E ratio of 63.05, a P/E/G ratio of 3.53 and a beta of 1.01. The company has a quick ratio of 1.28, a current ratio of 2.83 and a debt-to-equity ratio of 0.49.

Heico (NYSE:HEI) last issued its quarterly earnings data 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 company had revenue of $1.18 billion during the quarter, compared to analyst estimates 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 in the previous year, the firm earned $1.20 earnings per share. As a group, equities analysts anticipate that Heico Corporation will post 4.2 EPS for the current fiscal year.

Heico Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Susquehanna started coverage on Heico in a report on Friday, January 23rd. They issued a “neutral” rating and a $385.00 price objective for the company. Stifel Nicolaus set a $370.00 price objective on shares of Heico and gave the company a “buy” rating in a report on Monday, December 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Heico in a research note on Monday, December 29th. BNP Paribas Exane raised shares of Heico from a “neutral” rating to an “outperform” rating in a research report on Friday. Finally, 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 research note on Monday, December 22nd. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $364.43.

About Heico

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.