Embree Financial Group Sells 2,500 Shares of HEICO Co. (NYSE:HEI)

Embree Financial Group trimmed its position in shares of HEICO Co. (NYSE:HEI) by 36.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,312 shares of the aerospace company’s stock after selling 2,500 shares during the period. Embree Financial Group’s holdings in HEICO were worth $824,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Capital World Investors lifted its stake in shares of HEICO by 10.5% in the 4th quarter. Capital World Investors now owns 3,276,326 shares of the aerospace company’s stock valued at $586,036,000 after purchasing an additional 311,304 shares during the period. Federated Hermes Inc. lifted its stake in shares of HEICO by 8.3% in the 4th quarter. Federated Hermes Inc. now owns 567,103 shares of the aerospace company’s stock valued at $101,438,000 after purchasing an additional 43,509 shares during the period. TCW Group Inc. lifted its stake in shares of HEICO by 10.6% in the 4th quarter. TCW Group Inc. now owns 176,102 shares of the aerospace company’s stock valued at $31,499,000 after purchasing an additional 16,878 shares during the period. Zeno Equity Partners LLP lifted its stake in shares of HEICO by 154.3% in the 1st quarter. Zeno Equity Partners LLP now owns 161,570 shares of the aerospace company’s stock valued at $30,860,000 after purchasing an additional 98,033 shares during the period. Finally, Azimuth Capital Investment Management LLC lifted its stake in shares of HEICO by 118.3% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 93,108 shares of the aerospace company’s stock valued at $16,654,000 after purchasing an additional 50,448 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.

HEICO Stock Up 0.4 %

HEI stock traded up $0.82 during trading hours on Wednesday, reaching $225.71. 438,514 shares of the stock were exchanged, compared to its average volume of 380,073. The firm’s 50-day moving average is $220.63 and its 200-day moving average is $199.37. The company has a market cap of $31.26 billion, a price-to-earnings ratio of 70.98, a PEG ratio of 3.34 and a beta of 1.20. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.52 and a quick ratio of 1.57. HEICO Co. has a 12 month low of $155.42 and a 12 month high of $232.02.

HEICO (NYSE:HEI) last released its earnings results on Tuesday, May 28th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The firm had revenue of $955.40 million during the quarter, compared to analysts’ expectations of $951.24 million. HEICO had a return on equity of 14.26% and a net margin of 12.62%. The company’s revenue was up 38.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. On average, equities research analysts expect that HEICO Co. will post 3.57 earnings per share for the current year.

HEICO Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a $0.11 dividend. This is a boost from HEICO’s previous Semi-Annual dividend of $0.07. The ex-dividend date is Monday, July 1st. This represents a dividend yield of 0.1%. HEICO’s dividend payout ratio (DPR) is presently 6.92%.

Analysts Set New Price Targets

HEI has been the topic of a number of analyst reports. Benchmark increased their price target on HEICO from $185.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Stifel Nicolaus raised their price objective on HEICO from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Robert W. Baird raised their price objective on HEICO from $223.00 to $243.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. Morgan Stanley raised HEICO from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $178.00 to $225.00 in a research note on Tuesday, June 4th. Finally, Truist Financial reaffirmed a “buy” rating and set a $240.00 price objective (up previously from $229.00) on shares of HEICO in a research note on Thursday, May 30th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $236.00.

Insider Activity

In other news, insider Eric A. Mendelson sold 8,864 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $180.54, for a total value of $1,600,306.56. Following the completion of the transaction, the insider now owns 222,401 shares in the company, valued at approximately $40,152,276.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Eric A. Mendelson sold 8,864 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $180.54, for a total value of $1,600,306.56. Following the completion of the sale, the insider now directly owns 222,401 shares in the company, valued at approximately $40,152,276.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric A. Mendelson sold 2,832 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $180.06, for a total transaction of $509,929.92. Following the completion of the sale, the insider now owns 246,060 shares of the company’s stock, valued at $44,305,563.60. The disclosure for this sale can be found here. 8.10% of the stock is owned by corporate insiders.

About HEICO

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.