1,905 Shares in Heico Corporation $HEI Bought by Bridgefront Capital LLC

Bridgefront Capital LLC bought a new position in shares of Heico Corporation (NYSE:HEI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,905 shares of the aerospace company’s stock, valued at approximately $615,000.

Other hedge funds also recently bought and sold shares of the company. Westside Investment Management Inc. increased its stake in shares of Heico by 100.0% in the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 43 shares during the period. Greykasell Wealth Strategies Inc. bought a new stake in Heico during the 3rd quarter valued at approximately $29,000. Hazlett Burt & Watson Inc. acquired a new stake in Heico in the 3rd quarter valued at approximately $31,000. Pittenger & Anderson Inc. grew its holdings in Heico by 159.2% in the 3rd quarter. Pittenger & Anderson Inc. now owns 324 shares of the aerospace company’s stock valued at $105,000 after buying an additional 199 shares during the last quarter. Finally, Virtus Advisers LLC bought a new position in Heico in the 2nd quarter worth approximately $128,000. 27.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group reiterated a “neutral” rating and set a $371.00 price target (up from $359.00) on shares of Heico in a report on Monday, December 22nd. Wall Street Zen lowered shares of Heico from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $375.00 target price (up from $355.00) on shares of Heico in a research note on Monday, December 22nd. Citigroup reissued a “buy” rating and issued a $415.00 price target (up from $367.00) on shares of Heico in a report on Tuesday, January 13th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Heico in a research report on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Heico has an average rating of “Moderate Buy” and a consensus price target of $364.43.

Heico Stock Performance

NYSE HEI opened at $288.06 on Monday. The stock has a market cap of $40.14 billion, a P/E ratio of 56.93, a PEG ratio of 3.53 and a beta of 1.01. The company’s 50-day simple moving average is $332.83 and its 200 day simple moving average is $322.73. Heico Corporation has a twelve month low of $229.07 and a twelve month high of $361.69. The company has a quick ratio of 1.41, a current ratio of 3.06 and a debt-to-equity ratio of 0.55.

Heico (NYSE:HEI) last posted its quarterly earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.09. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Heico had a net margin of 15.38% and a return on equity of 16.57%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 earnings per share. As a group, research analysts forecast 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 was paid on Tuesday, January 20th. Stockholders of record on Monday, January 5th were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, January 5th. This represents a dividend yield of 7.0%. Heico’s dividend payout ratio is presently 4.74%.

About Heico

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.