Clare Market Investments LLC Buys New Position in HEICO Co. (NYSE:HEI)

Clare Market Investments LLC purchased a new stake in shares of HEICO Co. (NYSE:HEI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,000 shares of the aerospace company's stock, valued at approximately $238,000.

Other institutional investors have also added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new stake in HEICO during the 4th quarter valued at $26,000. Rakuten Securities Inc. purchased a new stake in HEICO during the 3rd quarter valued at $81,000. Berbice Capital Management LLC purchased a new stake in HEICO during the 4th quarter valued at $95,000. Brooklyn Investment Group purchased a new stake in HEICO during the 3rd quarter valued at $128,000. Finally, SBI Securities Co. Ltd. bought a new position in HEICO in the 4th quarter worth $135,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. KeyCorp assumed coverage on shares of HEICO in a report on Thursday, January 16th. They issued a "sector weight" rating for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a report on Thursday, December 19th. Finally, Truist Financial upped their price objective on shares of HEICO from $282.00 to $294.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $271.40.

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HEICO Stock Up 2.1 %

HEICO stock traded up $5.37 during trading hours on Friday, hitting $256.33. The stock had a trading volume of 418,628 shares, compared to its average volume of 427,932. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $35.62 billion, a P/E ratio of 70.04, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26. HEICO Co. has a 12-month low of $185.03 and a 12-month high of $283.60. The stock's 50-day moving average price is $237.37 and its 200-day moving average price is $250.92.

HEICO (NYSE:HEI - Get Free Report) last issued its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.27. The business had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. Equities research analysts anticipate that HEICO Co. will post 4.2 EPS for the current fiscal year.

HEICO Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.11 dividend. The ex-dividend date was Friday, January 3rd. This represents a yield of 0.1%. HEICO's dividend payout ratio (DPR) is presently 5.45%.

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.