American Century Companies Inc. Buys 241,559 Shares of Heico Corporation $HEI

American Century Companies Inc. increased its position in Heico Corporation (NYSE:HEI) by 45.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 769,704 shares of the aerospace company’s stock after buying an additional 241,559 shares during the period. American Century Companies Inc. owned 0.55% of Heico worth $248,476,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Avalon Capital Management boosted its holdings in Heico by 0.9% in the second quarter. Avalon Capital Management now owns 3,895 shares of the aerospace company’s stock worth $1,278,000 after acquiring an additional 33 shares in the last quarter. Simon Quick Advisors LLC raised its position in shares of Heico by 5.8% during the third quarter. Simon Quick Advisors LLC now owns 652 shares of the aerospace company’s stock worth $211,000 after purchasing an additional 36 shares during the period. Pekin Hardy Strauss Inc. raised its position in shares of Heico by 4.4% during the third quarter. Pekin Hardy Strauss Inc. now owns 887 shares of the aerospace company’s stock worth $286,000 after purchasing an additional 37 shares during the period. Westside Investment Management Inc. lifted its holdings in shares of Heico by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 43 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC grew its position in Heico by 0.4% in the 3rd quarter. Alpine Woods Capital Investors LLC now owns 12,911 shares of the aerospace company’s stock valued at $4,168,000 after purchasing an additional 49 shares during the period. 27.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HEI has been the subject of a number of recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Heico in a research note on Monday, December 29th. BNP Paribas Exane upgraded shares of Heico from a “neutral” rating to an “outperform” rating in a report on Friday. Susquehanna started coverage on shares of Heico in a report on Friday, January 23rd. They issued a “neutral” rating and a $385.00 target price on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $375.00 price target (up from $350.00) on shares of Heico in a research report on Monday, December 22nd. Finally, Truist Financial lifted their price target on Heico from $366.00 to $391.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $364.43.

Heico Trading Up 1.9%

NYSE:HEI opened at $319.03 on Friday. Heico Corporation has a 52 week low of $229.07 and a 52 week high of $361.69. The firm has a 50-day moving average price of $337.43 and a two-hundred day moving average price of $322.84. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 2.83. The firm has a market cap of $44.46 billion, a price-to-earnings ratio of 63.05, a price-to-earnings-growth ratio of 3.53 and a beta of 1.01.

Heico (NYSE:HEI) last released its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.09. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Heico had a return on equity of 16.93% and a net margin of 15.38%.Heico’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 earnings per share. On average, equities analysts expect 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. Stockholders of record on Monday, January 5th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a dividend yield of 7.0%. Heico’s dividend payout ratio (DPR) is currently 4.74%.

Heico 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.