Versor Investments LP Takes Position in HEICO Co. (NYSE:HEI)

Versor Investments LP purchased a new stake in HEICO Co. (NYSE:HEIGet Rating) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 1,358 shares of the aerospace company’s stock, valued at approximately $209,000.

Other hedge funds have also made changes to their positions in the company. JJJ Advisors Inc. grew its stake in shares of HEICO by 76.1% in the 4th quarter. JJJ Advisors Inc. now owns 199 shares of the aerospace company’s stock valued at $29,000 after buying an additional 86 shares during the period. GHP Investment Advisors Inc. purchased a new position in shares of HEICO during the 1st quarter worth approximately $121,000. Belpointe Asset Management LLC purchased a new position in shares of HEICO during the 1st quarter worth approximately $147,000. Calamos Wealth Management LLC purchased a new position in shares of HEICO during the 1st quarter worth approximately $209,000. Finally, King Luther Capital Management Corp purchased a new position in shares of HEICO during the 4th quarter worth approximately $204,000. Hedge funds and other institutional investors own 26.67% of the company’s stock.

HEICO Price Performance

Shares of HEI opened at $157.71 on Monday. HEICO Co. has a twelve month low of $122.94 and a twelve month high of $159.29. The firm’s fifty day simple moving average is $137.87 and its 200-day simple moving average is $142.19. The firm has a market capitalization of $21.44 billion, a price-to-earnings ratio of 64.90, a PEG ratio of 4.34 and a beta of 1.12. The company has a current ratio of 3.39, a quick ratio of 1.69 and a debt-to-equity ratio of 0.11.

HEICO (NYSE:HEIGet Rating) last announced its quarterly earnings data on Monday, May 23rd. The aerospace company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. HEICO had a net margin of 16.66% and a return on equity of 14.44%. The business had revenue of $538.81 million for the quarter, compared to analyst estimates of $532.19 million. During the same period last year, the business earned $0.51 EPS. Equities analysts forecast that HEICO Co. will post 2.61 EPS for the current fiscal year.

HEICO Announces Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, June 30th. This represents a yield of 0.1%. HEICO’s dividend payout ratio is currently 7.41%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HEI. UBS Group lowered their price objective on shares of HEICO to $138.00 in a research report on Wednesday, May 25th. StockNews.com cut shares of HEICO from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, Truist Financial decreased their price target on shares of HEICO from $182.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $155.33.

HEICO Profile

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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.

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Institutional Ownership by Quarter for HEICO (NYSE:HEI)

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