News stories about Heico Corporation (NYSE:HEI) have trended positive recently, according to Accern Sentiment. Copeland Capital Management LLC owned approximately 1.13% of Heico Corporation worth $27,510,000 at the end of the most recent reporting period. Heico Corporation makes up 2.2% of Riverbridge Partners LLC's portfolio, making the stock its 9th largest position.
Driehaus Capital Management Llc increased Mgp Ingredients Inc (MGPI) stake by 10.14% reported in 2016Q4 SEC filing.
Several hedge funds have recently made changes to their positions in the company. Bell Bank raised its stake in Heico Corporation by 4.4% in the first quarter. Parkside Financial Bank & Trust now owns 1,482 shares of the aerospace company's stock valued at $106,000 after buying an additional 283 shares during the last quarter. EFG Asset Management Americas Corp. purchased a new stake in Heico Corporation during the first quarter valued at $216,000. Artisan Partners Limited Partnership now owns 182,834 shares of the aerospace company's stock valued at $15,943,000 after buying an additional 50,025 shares during the last quarter. Navellier & Associates Inc raised its position in shares of Heico Corporation by 6.0% in the first quarter. The Altrinsic Global Advisors Llc holds 466,300 shares with $12.22 million value, down from 526,300 last quarter. Ardevora Asset Management LLP raised its stake in shares of Heico Corporation by 32.9% in the second quarter. Bahl & Gaynor Inc. now owns 30,433 shares of the aerospace company's stock worth $2,654,000 after buying an additional 535 shares during the last quarter. Finally, Tygh Capital Management Inc. bought a new position in Heico Corporation during the first quarter valued at approximately $5,592,000. About shares traded. Heico Corp (NYSE:HEI) has risen 45.08% since August 11, 2016 and is uptrending. The company's stock had a trading volume of 159,715 shares. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 42.95 and a beta of 0.76. The 50 day moving average was up by +10.02% and the 200 day average went up by +20.14%.
Heico Corporation (NYSE:HEI) last issued its quarterly earnings data on Tuesday, May 23rd. In the latest earnings report the EPS was $2.01 and is expected to be $2.09 for the current year with 84,318,000 shares now outstanding. Heico Corporation had a return on equity of 15.89% and a net margin of 12.08%. The company had revenue of $368.70 million during the quarter, compared to the consensus estimate of $368.78 million. Next quarter's EPS is forecasted to be $0.55 with next year's EPS anticipated to be $2.29. Heico Corporation has a 1-year low of $52.56 and a 1-year high of $87.11. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.
The company declared a dividend for shareholders that was paid on Wednesday the 19th of July 2017. The dividend payment was $0.040 per share for the quarter or $0.16 on an annualized basis. The ex-dividend date was Friday the 30th of June 2017. This represents a yield of 0.22%. After having $0.53 EPS previously, Heico Corp's analysts see -1.89% EPS growth. Riverbridge Partners LLC raised its stake in shares of Heico Corporation by 21.8% in the second quarter.
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A number of research firms recently weighed in on HEI. Canaccord Genuity lifted their target price on Heico Corporation from $77.00 to $80.00 and gave the company a "buy" rating in a research note on Wednesday, May 3rd. On December 15 the stock rating was upgraded to "Outperform" from "Neutral" and a price target of $86.00 was set by analysts at Credit Suisse. Finally, Jefferies Group LLC reissued a "hold" rating and issued a $75.00 target price on shares of Heico Corporation in a research note on Monday, June 26th.
Among 2 analysts covering MGP Ingredients (NASDAQ:MGPI), 2 have Buy rating, 0 Sell and 0 Hold. The company now has an average rating of "Buy" and an average target price of $85.00.
HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors.