Campbell & CO Investment Adviser LLC Makes New Investment in Heico Corporation $HEI

Campbell & CO Investment Adviser LLC purchased a new stake in Heico Corporation (NYSE:HEI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,405 shares of the aerospace company’s stock, valued at approximately $1,745,000.

Other hedge funds have also modified their holdings of the company. Ridgewood Investments LLC grew its holdings in Heico by 36.5% during the second quarter. Ridgewood Investments LLC now owns 131 shares of the aerospace company’s stock valued at $43,000 after purchasing an additional 35 shares during the period. Andra AP fonden acquired a new position in shares of Heico in the 2nd quarter valued at $66,000. Valley National Advisers Inc. acquired a new stake in Heico during the 2nd quarter worth $114,000. Bayforest Capital Ltd raised its stake in Heico by 51.9% during the 2nd quarter. Bayforest Capital Ltd now owns 351 shares of the aerospace company’s stock worth $115,000 after buying an additional 120 shares during the period. Finally, Virtus Advisers LLC bought a new position in Heico during the second quarter worth about $128,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mark H. Hildebrandt purchased 400 shares of the firm’s stock in a transaction on Tuesday, October 21st. The stock was purchased at an average cost of $248.76 per share, for a total transaction of $99,504.00. Following the completion of the purchase, the director directly owned 1,181 shares in the company, valued at $293,785.56. This trade represents a 51.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 9.55% of the company’s stock.

Heico Price Performance

NYSE HEI opened at $352.57 on Friday. The firm’s 50 day moving average is $324.62 and its 200-day moving average is $319.84. The company has a quick ratio of 1.28, a current ratio of 2.83 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $49.13 billion, a PE ratio of 71.81, a price-to-earnings-growth ratio of 3.89 and a beta of 1.03. Heico Corporation has a 12-month low of $216.68 and a 12-month high of $361.69.

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

Heico Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, January 20th. Investors of record on Monday, January 5th will be issued a dividend of $0.12 per share. This represents a yield of 7.0%. The ex-dividend date is Monday, January 5th. Heico’s dividend payout ratio is presently 4.89%.

Analysts Set New Price Targets

A number of research firms have recently commented on HEI. UBS Group reaffirmed a “neutral” rating and set a $371.00 price target (up previously from $359.00) on shares of Heico in a research 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 set a $375.00 target price (up from $350.00) on shares of Heico in a report on Monday, December 22nd. Citigroup reiterated a “buy” rating and issued a $415.00 price target (up previously from $367.00) on shares of Heico in a report on Tuesday. Finally, Truist Financial raised their price objective on shares of Heico from $366.00 to $391.00 and gave the stock a “buy” rating in a report on Tuesday, December 23rd. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Heico currently has an average rating of “Moderate Buy” and an average target price of $360.50.

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.