Strategic investors have taken a closer look of late at shares of HEICO Corporation (:HEI-A). Carleon Capital Partners LLC's holdings in Heico Corporation were worth $478,000 as of its most recent SEC filing.
Accern also assigned press coverage about the aerospace company an impact score of 46.5809790254577 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days. Raymond James Financial Services Advisors Inc. raised its stake in Heico Corporation by 2.5% in the first quarter. Riverbridge Partners LLC now owns 1,621,457 shares of the aerospace company's stock valued at $116,486,000 after buying an additional 290,014 shares in the last quarter. As of quarter end Tiaa Cref Investment Management LLC had acquired a total of 8,235 shares growing its position 10.5%. Concorde Asset Management LLC purchased a new stake in shares of Heico Corporation during the first quarter valued at $228,000. Fisher Asset Management LLC now owns 1,170,462 shares of the aerospace company's stock valued at $84,086,000 after buying an additional 200,591 shares in the last quarter. First Trust Advisors LP raised its position in Heico Corporation by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 674,898 shares of the aerospace company's stock valued at $48,483,000 after buying an additional 24,299 shares in the last quarter. As of the end of the quarter Baillie Gifford & Co had bought 16,712 shares growing its stake by 22.4%. First Trust Advisors LP now owns 293,789 shares of the aerospace company's stock valued at $25,618,000 after buying an additional 4,938 shares in the last quarter.
Investors are always on the look for the next great stock to own.
Heico Corporation (NYSE HEI) traded up 0.37% during trading on Friday, reaching $85.94. 159,715 shares of the company's stock traded hands. The company's 50-day moving average price is $78.23 and its 200 day moving average price is $71.44. Heico Corporation has a 12 month low of $52.56 and a 12 month high of $87.11. The company has market cap of $1.80 billion.
Heico Corporation (NYSE:HEI) last posted its earnings results on Tuesday, May 23rd. The aerospace company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.50 by $0.03. The company had revenue of $368.70 million during the quarter, compared to the consensus estimate of $368.78 million. Heico Corporation had a net margin of 12.08% and a return on equity of 15.89%. The value of the investment in Heico Corporation went from $305,000 to $970,000 increasing 218.0% quarter over quarter. They expect $0.52 EPS, up 4.00 % or $0.02 from last year's $0.5 per share. Equities analysts anticipate that Heico Corporation will post $2.09 earnings per share for the current fiscal year.
The company also recently announced a dividend which was paid on Wednesday July 19th, 2017. The dividend payment was $0.040 per share for the quarter or $0.16 on an annualized basis. The ex-dividend date was Friday, June 30th. This is a positive change from Heico Corporation's previous semiannual dividend of $0.07. This dividend amount was represent a yeild of $0.19. Heico Corporation's payout ratio is presently 7.93%.
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Several analysts have commented on the company. On August 18 Canaccord Genuity kept the company rating at "Buy" but moved up the price target to $82.00 from $65.00. Finally, Jefferies Group LLC reissued a "hold" rating and issued a $75.00 target price on shares of Heico Corporation in a research note on Monday, June 26th. On December 15 the company was upgraded to "Outperform" from "Neutral" and a price target of $86.00 was set in a report from Credit Suisse.
Among 9 analysts covering Heico Corporation (NYSE:HEI), 5 have Buy rating, 0 Sell and 4 Hold. The stock's average target of $79.75 is -8.01% below today's ($86.69) share price.
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.