Boothbay Fund Management LLC Buys 2,424 Shares of Heico Corporation $HEI

Boothbay Fund Management LLC boosted its stake in Heico Corporation (NYSE:HEI) by 38.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,738 shares of the aerospace company’s stock after purchasing an additional 2,424 shares during the period. Boothbay Fund Management LLC’s holdings in Heico were worth $2,821,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Aquatic Capital Management LLC grew its holdings in shares of Heico by 9.4% in the third quarter. Aquatic Capital Management LLC now owns 42,815 shares of the aerospace company’s stock worth $13,822,000 after purchasing an additional 3,691 shares during the last quarter. Qtron Investments LLC raised its holdings in Heico by 7.8% during the 3rd quarter. Qtron Investments LLC now owns 4,380 shares of the aerospace company’s stock valued at $1,414,000 after buying an additional 316 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Heico by 263.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 60,469 shares of the aerospace company’s stock valued at $19,521,000 after buying an additional 43,821 shares during the last quarter. Brooklyn Investment Group boosted its position in Heico by 92.9% during the 3rd quarter. Brooklyn Investment Group now owns 1,256 shares of the aerospace company’s stock valued at $405,000 after buying an additional 605 shares during the period. Finally, Two Sigma Investments LP boosted its position in Heico by 0.6% during the 3rd quarter. Two Sigma Investments LP now owns 558,661 shares of the aerospace company’s stock valued at $180,347,000 after buying an additional 3,166 shares during the period. Institutional investors own 27.12% of the company’s stock.

Heico Stock Up 1.2%

HEI stock opened at $291.79 on Tuesday. Heico Corporation has a fifty-two week low of $229.07 and a fifty-two week high of $361.69. The company has a market capitalization of $40.66 billion, a price-to-earnings ratio of 57.67, a price-to-earnings-growth ratio of 3.53 and a beta of 1.01. The business’s 50 day moving average price is $331.84 and its two-hundred day moving average price is $322.55. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.41 and a current ratio of 3.06.

Heico (NYSE:HEI) last released its 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. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Heico had a return on equity of 16.57% and a net margin of 15.38%.The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. As a group, analysts forecast that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Heico Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, January 5th were issued a dividend of $0.12 per share. This represents a dividend yield of 7.0%. The ex-dividend date was Monday, January 5th. Heico’s payout ratio is 4.74%.

Analyst Ratings Changes

A number of equities analysts have issued reports on HEI shares. Truist Financial boosted their price objective on shares of Heico from $366.00 to $391.00 and gave the company a “buy” rating in a research report on Tuesday, December 23rd. Susquehanna started coverage on shares of Heico in a report on Friday, January 23rd. They set a “neutral” rating and a $385.00 target price for the company. Stifel Nicolaus set a $370.00 target price on Heico and gave the stock a “buy” rating in a research note on Monday, December 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Heico in a report on Monday, December 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $375.00 price objective (up from $350.00) on shares of Heico in a report on Monday, December 22nd. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Heico currently has an average rating of “Moderate Buy” and a consensus target price of $364.43.

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.