Fieldview Capital Management LLC Cuts Position in Heico Corporation $HEI

Fieldview Capital Management LLC decreased its position in Heico Corporation (NYSE:HEI) by 61.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,185 shares of the aerospace company’s stock after selling 1,862 shares during the quarter. Fieldview Capital Management LLC’s holdings in Heico were worth $383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. LGT Fund Management Co Ltd. purchased a new position in shares of Heico in the third quarter valued at $416,000. PFG Advisors raised its stake in Heico by 5.4% during the third quarter. PFG Advisors now owns 15,865 shares of the aerospace company’s stock valued at $5,122,000 after purchasing an additional 814 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Heico during the third quarter valued at $371,000. Dynamic Technology Lab Private Ltd grew its stake in shares of Heico by 145.7% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 8,134 shares of the aerospace company’s stock worth $2,626,000 after buying an additional 4,824 shares in the last quarter. Finally, HUB Investment Partners LLC purchased a new position in shares of Heico in the 3rd quarter worth $321,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

Heico Stock Performance

HEI opened at $306.40 on Wednesday. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55. Heico Corporation has a 12-month low of $229.07 and a 12-month high of $361.69. The firm has a 50 day moving average of $334.68 and a two-hundred day moving average of $323.23. The firm has a market capitalization of $42.70 billion, a PE ratio of 60.55, a P/E/G ratio of 3.80 and a beta of 1.01.

Heico (NYSE:HEI) last released its quarterly earnings data on Wednesday, February 25th. The aerospace company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.26 by $0.09. Heico had a net margin of 15.38% and a return on equity of 16.57%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm earned $1.20 EPS. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, analysts anticipate that Heico Corporation will post 4.2 EPS for the current year.

Heico Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, January 20th. Shareholders of record on Monday, January 5th were given a dividend of $0.12 per share. This represents a yield of 7.0%. The ex-dividend date of this dividend was Monday, January 5th. Heico’s dividend payout ratio (DPR) is currently 4.74%.

Wall Street Analysts Forecast Growth

HEI has been the topic of several recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Heico in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $375.00 price objective (up from $355.00) on shares of Heico in a research report on Monday, December 22nd. UBS Group reiterated a “neutral” rating and issued a $371.00 price target (up from $359.00) on shares of Heico in a report on Monday, December 22nd. BNP Paribas Exane upgraded shares of Heico from a “neutral” rating to an “outperform” rating in a report on Friday, February 27th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $375.00 target price (up from $350.00) on shares of Heico in a research report on Monday, December 22nd. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Heico has an average rating of “Moderate Buy” and an average price target of $364.43.

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.