AlphaQuest LLC Purchases New Shares in HEICO Co. (NYSE:HEI)

AlphaQuest LLC purchased a new stake in shares of HEICO Co. (NYSE:HEI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,953 shares of the aerospace company's stock, valued at approximately $702,000.

Other hedge funds also recently made changes to their positions in the company. Compass Financial Services Inc bought a new stake in shares of HEICO during the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. bought a new stake in shares of HEICO during the third quarter valued at approximately $81,000. Berbice Capital Management LLC bought a new stake in shares of HEICO during the fourth quarter valued at approximately $95,000. Brooklyn Investment Group bought a new stake in shares of HEICO during the third quarter valued at approximately $128,000. Finally, SBI Securities Co. Ltd. purchased a new position in HEICO during the fourth quarter valued at $135,000. 27.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HEI shares. Truist Financial lifted their price objective on HEICO from $282.00 to $294.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. KeyCorp began coverage on HEICO in a report on Thursday, January 16th. They issued a "sector weight" rating for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $271.40.

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HEICO Stock Performance

NYSE:HEI opened at $253.69 on Wednesday. The stock has a 50-day simple moving average of $237.07 and a two-hundred day simple moving average of $250.91. HEICO Co. has a 52-week low of $182.47 and a 52-week high of $283.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The firm has a market capitalization of $35.25 billion, a PE ratio of 69.32, a P/E/G ratio of 3.10 and a beta of 1.26.

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

HEICO Announces Dividend

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

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