Heico Corporation (HEI) Shares Bought by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans boosted its position in Heico Corporation (NYSE:HEI) by 6.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,556 shares of the aerospace company’s stock after purchasing an additional 7,298 shares during the period. Thrivent Financial For Lutherans owned approximately 0.36% of Heico Corporation worth $8,732,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HEI. Virginia Retirement Systems ET AL lifted its position in shares of Heico Corporation by 10.3% during the 1st quarter. Virginia Retirement Systems ET AL now owns 8,600 shares of the aerospace company’s stock valued at $750,000 after acquiring an additional 800 shares during the last quarter. Artemis Investment Management LLP acquired a new stake in shares of Heico Corporation during the 2nd quarter valued at $7,379,000. Westpac Banking Corp lifted its position in shares of Heico Corporation by 8.5% during the 2nd quarter. Westpac Banking Corp now owns 80,174 shares of the aerospace company’s stock valued at $5,760,000 after acquiring an additional 6,274 shares during the last quarter. AGF Investments Inc. lifted its position in shares of Heico Corporation by 25.0% during the 2nd quarter. AGF Investments Inc. now owns 62,500 shares of the aerospace company’s stock valued at $4,492,000 after acquiring an additional 12,500 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of Heico Corporation by 9.8% during the 2nd quarter. Eagle Asset Management Inc. now owns 128,789 shares of the aerospace company’s stock valued at $9,252,000 after acquiring an additional 11,458 shares during the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.
Shares of Heico Corporation (HEI) opened at 90.47 on Friday. Heico Corporation has a 52 week low of $52.56 and a 52 week high of $90.90. The firm’s 50-day moving average is $84.62 and its 200 day moving average is $75.51. The firm has a market capitalization of $7.64 billion, a P/E ratio of 44.30 and a beta of 0.76.
Heico Corporation (NYSE:HEI) last announced its quarterly earnings results on Wednesday, August 23rd. The aerospace company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $391.50 million for the quarter, compared to analysts’ expectations of $390.55 million. Heico Corporation had a net margin of 12.04% and a return on equity of 15.56%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. Equities research analysts forecast that Heico Corporation will post $2.10 EPS for the current fiscal year.
A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Heico Corporation from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Thursday. Seaport Global Securities assumed coverage on Heico Corporation in a research report on Tuesday, September 12th. They set a “neutral” rating and a $90.00 price objective for the company. Credit Suisse Group reiterated an “outperform” rating and set a $98.00 price objective (up previously from $85.00) on shares of Heico Corporation in a research report on Tuesday, August 29th. Bank of America Corporation upgraded Heico Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $75.00 to $95.00 in a research report on Tuesday, August 29th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $89.00 price objective (up previously from $75.00) on shares of Heico Corporation in a research report on Thursday, August 24th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $91.33.
In other news, VP Thomas S. Irwin sold 20,000 shares of Heico Corporation stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $76.28, for a total transaction of $1,525,600.00. Following the transaction, the vice president now directly owns 31,110 shares of the company’s stock, valued at $2,373,070.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 9.76% of the company’s stock.
About Heico Corporation
HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.
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