Fulcrum Asset Management LLP Buys Shares of 8,738 Heico Corporation $HEI

Fulcrum Asset Management LLP purchased a new position in Heico Corporation (NYSE:HEI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,738 shares of the aerospace company’s stock, valued at approximately $3,062,000.

Several other institutional investors have also modified their holdings of HEI. IFC & Insurance Marketing Inc. acquired a new position in shares of Heico in the 4th quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC increased its stake in Heico by 1,000.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 80 shares in the last quarter. Birchwood Financial Partners Inc. acquired a new stake in Heico during the 4th quarter worth approximately $32,000. Miller Capital Partners Inc. acquired a new stake in Heico during the 4th quarter worth approximately $70,000. Finally, BNP Paribas bought a new position in Heico in the fourth quarter valued at approximately $79,000. Institutional investors own 27.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on HEI shares. Truist Financial upgraded shares of Heico to a “strong-buy” rating in a report on Friday, May 1st. Stifel Nicolaus set a $410.00 price objective on shares of Heico in a research report on Thursday. Susquehanna increased their target price on Heico from $321.00 to $365.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft set a $421.00 price target on Heico and gave the company a “buy” rating in a report on Wednesday, August 19th. Finally, Royal Bank Of Canada increased their target price on shares of Heico from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Heico presently has a consensus rating of “Moderate Buy” and a consensus target price of $382.43.

Heico Price Performance

Shares of NYSE HEI opened at $335.83 on Friday. The business’s 50 day moving average price is $353.82 and its two-hundred day moving average price is $321.55. The company has a market cap of $46.90 billion, a PE ratio of 55.88, a price-to-earnings-growth ratio of 3.38 and a beta of 1.04. The company has a quick ratio of 1.36, a current ratio of 2.92 and a debt-to-equity ratio of 0.53. Heico Corporation has a twelve month low of $256.11 and a twelve month high of $376.86.

Heico (NYSE:HEI) last released its quarterly earnings data on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.16. Heico had a return on equity of 18.41% and a net margin of 16.38%.The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the firm posted $1.26 earnings per share. The business’s revenue was up 23.1% on a year-over-year basis. On average, analysts predict that Heico Corporation will post 6.05 EPS for the current year.

Heico Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a yield of 7.0%. Heico’s dividend payout ratio (DPR) is currently 4.33%.

Insider Buying and Selling

In other Heico news, CAO Bradley K. Rowen sold 1,326 shares of Heico stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total transaction of $320,401.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.86% of the stock is currently owned by company insiders.

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.