Dakota Wealth Management Acquires 3,542 Shares of Heico Corporation $HEI

Dakota Wealth Management grew its holdings in shares of Heico Corporation (NYSE:HEI) by 233.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,060 shares of the aerospace company’s stock after acquiring an additional 3,542 shares during the period. Dakota Wealth Management’s holdings in Heico were worth $1,633,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HEI. CPC Advisors LLC acquired a new position in shares of Heico in the 3rd quarter worth approximately $2,318,000. Vinva Investment Management Ltd raised its stake in Heico by 849.8% during the second quarter. Vinva Investment Management Ltd now owns 14,323 shares of the aerospace company’s stock worth $4,698,000 after buying an additional 12,815 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Heico in the second quarter valued at $1,086,000. Lombard Odier Asset Management USA Corp boosted its position in Heico by 54.8% during the second quarter. Lombard Odier Asset Management USA Corp now owns 9,181 shares of the aerospace company’s stock valued at $3,011,000 after acquiring an additional 3,249 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Heico during the 3rd quarter worth about $1,745,000. Institutional investors own 27.12% of the company’s stock.

Heico Price Performance

Shares of HEI opened at $344.93 on Thursday. Heico Corporation has a 12-month low of $227.12 and a 12-month high of $361.69. The business’s fifty day moving average is $337.49 and its 200 day moving average is $322.81. 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 stock has a market cap of $48.07 billion, a P/E ratio of 70.25, a P/E/G ratio of 3.87 and a beta of 1.01.

Heico (NYSE:HEI) last announced its quarterly earnings results on Wednesday, February 25th. The aerospace company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. Heico had a net margin of 15.39% and a return on equity of 16.80%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the business posted $1.20 EPS. Heico’s quarterly revenue was up 14.4% on a year-over-year basis. Sell-side analysts anticipate that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Heico Dividend Announcement

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

Analyst Upgrades and Downgrades

HEI has been the topic of several research analyst reports. BNP Paribas Exane set a $330.00 target price on Heico in a research report on Tuesday, November 18th. Royal Bank Of Canada restated an “outperform” rating and set a $375.00 price target (up from $350.00) on shares of Heico in a report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $375.00 price objective (up from $355.00) on shares of Heico in a research note on Monday, December 22nd. Truist Financial increased their target price on shares of Heico from $366.00 to $391.00 and gave the stock a “buy” rating in a research note on Tuesday, December 23rd. Finally, Stifel Nicolaus set a $370.00 price target on shares of Heico and gave the stock a “buy” rating 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $364.43.

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.