Nomura Holdings Inc. Invests $897,000 in HEICO Co. (NYSE:HEI)

Nomura Holdings Inc. purchased a new position in HEICO Co. (NYSE:HEI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,016 shares of the aerospace company’s stock, valued at approximately $897,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Zeno Equity Partners LLP bought a new position in HEICO in the 4th quarter worth about $25,000. Psagot Value Holdings Ltd. Israel bought a new position in HEICO in the fourth quarter worth approximately $70,000. Beaumont Financial Advisors LLC purchased a new position in HEICO during the 4th quarter worth $200,000. Sequoia Financial Advisors LLC bought a new stake in HEICO during the 4th quarter valued at $202,000. Finally, Anchor Investment Management LLC purchased a new stake in shares of HEICO in the 4th quarter worth $203,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Stock Down 1.0 %

Shares of HEI stock opened at $226.54 on Friday. The stock’s fifty day moving average price is $213.72 and its 200 day moving average price is $194.76. 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 1-year low of $155.42 and a 1-year high of $232.02. The company has a market cap of $31.38 billion, a price-to-earnings ratio of 71.24, a price-to-earnings-growth ratio of 3.41 and a beta of 1.21.

HEICO (NYSE:HEI) last issued its quarterly earnings results on Tuesday, May 28th. The aerospace company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.08. The business had revenue of $955.40 million during the quarter, compared to the consensus estimate of $951.24 million. HEICO had a return on equity of 14.26% and a net margin of 12.62%. The company’s quarterly revenue was up 38.9% on a year-over-year basis. During the same quarter last year, the company earned $0.76 earnings per share. On average, research analysts expect that HEICO Co. will post 3.54 earnings per share for the current fiscal year.

HEICO Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be issued a $0.11 dividend. The ex-dividend date is Monday, July 1st. This is a boost from HEICO’s previous dividend of $0.07. HEICO’s dividend payout ratio (DPR) is currently 6.29%.

Analyst Upgrades and Downgrades

HEI has been the subject of several recent research reports. Morgan Stanley upgraded HEICO from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $178.00 to $225.00 in a report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of HEICO from $209.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Royal Bank of Canada lifted their price objective on shares of HEICO from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. Robert W. Baird upped their target price on HEICO from $223.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Finally, Truist Financial reiterated a “buy” rating and issued a $240.00 price target (up from $229.00) on shares of HEICO in a report on Thursday, May 30th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, HEICO currently has a consensus rating of “Moderate Buy” and an average price target of $232.67.

Insider Transactions at HEICO

In related news, Director Frank J. Schwitter sold 400 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the transaction, the director now directly owns 1,255 shares of the company’s stock, valued at approximately $243,093.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.10% of the company’s stock.

HEICO Company Profile

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.