Axiom Investors LLC DE Raises Position in Heico Corporation $HEI

Axiom Investors LLC DE grew its position in Heico Corporation (NYSE:HEI) by 21.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,130 shares of the aerospace company’s stock after acquiring an additional 3,789 shares during the period. Axiom Investors LLC DE’s holdings in Heico were worth $6,837,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Groupama Asset Managment boosted its holdings in Heico by 24.0% during the third quarter. Groupama Asset Managment now owns 18,139 shares of the aerospace company’s stock worth $5,856,000 after buying an additional 3,512 shares in the last quarter. Indivisible Partners acquired a new position in Heico during the fourth quarter worth about $5,883,000. Dynamic Technology Lab Private Ltd grew its position in Heico by 145.7% during the third quarter. Dynamic Technology Lab Private Ltd now owns 8,134 shares of the aerospace company’s stock worth $2,626,000 after buying an additional 4,824 shares during the period. Sumitomo Life Insurance Co. grew its position in Heico by 97.3% during the third quarter. Sumitomo Life Insurance Co. now owns 9,920 shares of the aerospace company’s stock worth $3,202,000 after buying an additional 4,892 shares during the period. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in Heico during the fourth quarter worth about $8,395,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Heico Stock Performance

Shares of HEI opened at $326.58 on Wednesday. The company has a current ratio of 2.92, a quick ratio of 1.36 and a debt-to-equity ratio of 0.53. The stock has a market cap of $45.61 billion, a P/E ratio of 58.32, a PEG ratio of 3.47 and a beta of 1.03. The company has a 50-day moving average of $294.06 and a two-hundred day moving average of $312.14. Heico Corporation has a 12-month low of $256.11 and a 12-month high of $361.69.

Heico (NYSE:HEI) last announced its earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.33. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Heico had a net margin of 16.08% and a return on equity of 17.52%. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 earnings per share. As a group, research analysts predict that Heico Corporation will post 5.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HEI has been the topic of several recent analyst reports. Susquehanna upped their target price on shares of Heico from $321.00 to $365.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Truist Financial upgraded shares of Heico to a “strong-buy” rating in a research report on Friday, May 1st. Wall Street Zen upgraded shares of Heico from a “hold” rating to a “buy” rating in a research report on Saturday. Wells Fargo & Company set a $350.00 target price on shares of Heico and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Finally, Weiss Ratings lowered shares of Heico from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $371.63.

Insider Buying and Selling at Heico

In other news, Director Julie Neitzel sold 676 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total value of $150,748.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.86% of the stock is currently owned by corporate insiders.

Heico 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.