GF Fund Management CO. LTD. Has $1.25 Million Stock Position in Heico Corporation $HEI

GF Fund Management CO. LTD. cut its stake in shares of Heico Corporation (NYSE:HEI) by 65.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,884 shares of the aerospace company’s stock after selling 7,293 shares during the period. GF Fund Management CO. LTD.’s holdings in Heico were worth $1,254,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Westside Investment Management Inc. grew its stake in shares of Heico by 100.0% in the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock valued at $28,000 after buying an additional 43 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in Heico in the third quarter valued at $29,000. Hazlett Burt & Watson Inc. bought a new position in shares of Heico in the 3rd quarter valued at about $31,000. Andra AP fonden acquired a new position in shares of Heico during the 2nd quarter worth about $66,000. Finally, Pittenger & Anderson Inc. raised its holdings in shares of Heico by 159.2% in the 3rd quarter. Pittenger & Anderson Inc. now owns 324 shares of the aerospace company’s stock valued at $105,000 after purchasing an additional 199 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.

Heico Stock Performance

HEI opened at $332.77 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.83 and a quick ratio of 1.28. The business has a fifty day simple moving average of $332.16 and a 200 day simple moving average of $321.55. Heico Corporation has a 1 year low of $216.68 and a 1 year high of $361.69. The company has a market capitalization of $46.37 billion, a PE ratio of 67.77, a price-to-earnings-growth ratio of 3.67 and a beta of 1.01.

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

Heico Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently commented on HEI shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $375.00 price target (up previously from $355.00) on shares of Heico in a report on Monday, December 22nd. Stifel Nicolaus set a $370.00 target price on Heico and gave the stock a “buy” rating in a research note on Monday, December 22nd. Royal Bank Of Canada restated an “outperform” rating and issued a $375.00 price target (up previously from $350.00) on shares of Heico in a research note 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 report on Tuesday, January 13th. Finally, UBS Group reiterated a “neutral” rating and issued a $371.00 price objective (up from $359.00) 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus 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.