Heico Corporation $HEI Position Lifted by Fox Run Management L.L.C.

Fox Run Management L.L.C. raised its position in Heico Corporation (NYSE:HEI) by 28.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,795 shares of the aerospace company’s stock after buying an additional 1,716 shares during the quarter. Heico makes up approximately 0.4% of Fox Run Management L.L.C.’s portfolio, making the stock its 8th biggest position. Fox Run Management L.L.C.’s holdings in Heico were worth $2,516,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HEI. CPC Advisors LLC acquired a new stake in Heico during the 3rd quarter worth $2,318,000. Vinva Investment Management Ltd increased its stake in Heico by 849.8% in the second quarter. Vinva Investment Management Ltd now owns 14,323 shares of the aerospace company’s stock valued at $4,698,000 after purchasing an additional 12,815 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Heico in the second quarter valued at about $1,086,000. Lombard Odier Asset Management USA Corp boosted its stake in shares of 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 worth $3,011,000 after buying an additional 3,249 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Heico during the third quarter worth about $1,745,000. 27.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on HEI shares. Citigroup reaffirmed a “buy” rating and set a $415.00 price objective (up from $367.00) on shares of Heico in a research note on Tuesday, January 13th. 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 research note on Monday, December 22nd. BNP Paribas Exane set a $330.00 price objective on shares of Heico in a research report on Tuesday, November 18th. Wall Street Zen downgraded shares of Heico from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Heico in a research note on Monday, December 29th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $364.43.

Heico Price Performance

Heico stock opened at $350.27 on Wednesday. The company has a market cap of $48.81 billion, a P/E ratio of 71.34, a price-to-earnings-growth ratio of 3.82 and a beta of 1.01. Heico Corporation has a one year low of $226.92 and a one year high of $361.69. The business has a fifty day moving average of $336.73 and a two-hundred day moving average of $322.65. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 2.83.

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

Heico Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, January 5th were paid 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 payout ratio is 4.89%.

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.