Mutual Advisors LLC Cuts Position in HEICO Co. (NYSE:HEI)

Mutual Advisors LLC lessened its holdings in HEICO Co. (NYSE:HEIFree Report) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,129 shares of the aerospace company’s stock after selling 61 shares during the quarter. Mutual Advisors LLC’s holdings in HEICO were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in HEI. EULAV Asset Management increased its holdings in HEICO by 5.0% in the 3rd quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock worth $105,165,000 after acquiring an additional 19,200 shares during the last quarter. Two Sigma Advisers LP lifted its stake in HEICO by 3.7% during the third quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock worth $94,885,000 after purchasing an additional 13,100 shares during the last quarter. Vantage Investment Partners LLC raised its stake in shares of HEICO by 1.4% during the third quarter. Vantage Investment Partners LLC now owns 122,430 shares of the aerospace company’s stock worth $32,013,000 after acquiring an additional 1,717 shares in the last quarter. Carderock Capital Management Inc. boosted its position in HEICO by 2.7% during the third quarter. Carderock Capital Management Inc. now owns 37,261 shares of the aerospace company’s stock valued at $9,743,000 after buying an additional 969 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of HEICO by 0.9% during the third quarter. Stratos Wealth Partners LTD. now owns 32,179 shares of the aerospace company’s stock valued at $8,414,000 after purchasing an additional 286 shares during the period. 27.12% of the stock is owned by hedge funds and other institutional investors.

HEICO Price Performance

Shares of HEICO stock opened at $235.09 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. HEICO Co. has a 52 week low of $178.20 and a 52 week high of $283.60. The stock’s 50-day simple moving average is $248.08 and its 200-day simple moving average is $249.75. The company has a market capitalization of $32.64 billion, a price-to-earnings ratio of 64.23, a PEG ratio of 3.32 and a beta of 1.28.

HEICO (NYSE:HEIGet Free Report) last posted its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. HEICO had a net margin of 13.33% and a return on equity of 14.63%. HEICO’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.74 earnings per share. As a group, analysts expect that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

HEICO Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a dividend of $0.11 per share. The ex-dividend date was Friday, January 3rd. This represents a dividend yield of 0.1%. HEICO’s dividend payout ratio (DPR) is 6.01%.

Wall Street Analysts Forecast Growth

HEI has been the subject of several research analyst reports. Morgan Stanley increased their price objective on HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. UBS Group assumed coverage on shares of HEICO in a research report on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Truist Financial increased their target price on HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, KeyCorp started coverage on HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating for the company. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $270.20.

Check Out Our Latest Analysis on HEI

HEICO Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for HEICO (NYSE:HEI)

Receive News & Ratings for HEICO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HEICO and related companies with MarketBeat.com's FREE daily email newsletter.