Heico Corp (HEI) Shares Bought by Brown Advisory Inc.

Brown Advisory Inc. grew its position in shares of Heico Corp (NYSE:HEI) by 25.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 757,420 shares of the aerospace company’s stock after purchasing an additional 152,499 shares during the quarter. Brown Advisory Inc. owned 0.71% of Heico worth $65,752,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC increased its position in shares of Heico by 19.4% during the 1st quarter. Fisher Asset Management LLC now owns 1,352,609 shares of the aerospace company’s stock valued at $117,420,000 after purchasing an additional 219,340 shares during the period. Franklin Resources Inc. increased its position in shares of Heico by 225.9% during the 1st quarter. Franklin Resources Inc. now owns 495,405 shares of the aerospace company’s stock valued at $43,006,000 after purchasing an additional 343,401 shares during the period. Chilton Investment Co. LLC increased its position in shares of Heico by 32.7% during the 1st quarter. Chilton Investment Co. LLC now owns 465,804 shares of the aerospace company’s stock valued at $40,436,000 after purchasing an additional 114,693 shares during the period. Artisan Partners Limited Partnership increased its position in shares of Heico by 42.6% during the 1st quarter. Artisan Partners Limited Partnership now owns 389,480 shares of the aerospace company’s stock valued at $33,811,000 after purchasing an additional 116,407 shares during the period. Finally, EULAV Asset Management increased its position in shares of Heico by 25.0% during the 1st quarter. EULAV Asset Management now owns 339,162 shares of the aerospace company’s stock valued at $29,443,000 after purchasing an additional 67,831 shares during the period. Institutional investors own 27.67% of the company’s stock.

Several brokerages have recently issued reports on HEI. ValuEngine cut Heico from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research cut Heico from a “buy” rating to a “hold” rating in a research report on Thursday, May 24th. Canaccord Genuity lifted their price target on Heico from $70.40 to $80.00 and gave the company a “buy” rating in a research report on Thursday, March 1st. SunTrust Banks reiterated a “buy” rating on shares of Heico in a research report on Thursday, March 1st. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $77.60 price target (up from $69.76) on shares of Heico in a research report on Thursday, March 1st. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $71.08.

HEI opened at $73.06 on Friday. The firm has a market cap of $9.68 billion, a PE ratio of 43.23, a P/E/G ratio of 3.28 and a beta of 0.68. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 1.36. Heico Corp has a fifty-two week low of $45.18 and a fifty-two week high of $77.86.

Heico (NYSE:HEI) last released its quarterly earnings data on Tuesday, May 29th. The aerospace company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The business had revenue of $430.60 million during the quarter, compared to analyst estimates of $426.47 million. Heico had a return on equity of 15.22% and a net margin of 13.60%. The company’s revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company posted $0.42 EPS. equities research analysts forecast that Heico Corp will post 2.29 earnings per share for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, July 19th. Stockholders of record on Wednesday, July 11th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, July 10th. Heico’s dividend payout ratio is presently 8.28%.

In other news, Director Alan Schriesheim sold 1,663 shares of the firm’s stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $71.07, for a total transaction of $118,189.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Laurans A. Mendelson sold 102,701 shares of the firm’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $76.13, for a total value of $7,818,627.13. Following the sale, the chief executive officer now directly owns 740,910 shares of the company’s stock, valued at $56,405,478.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,964 shares of company stock valued at $10,945,268. Corporate insiders own 9.88% of the company’s stock.

Heico Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components for aerospace and industrial original equipment manufacturers, and the United States government.

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Institutional Ownership by Quarter for Heico (NYSE:HEI)

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