American Century Companies Inc. Sells 359,595 Shares of HEICO Co. (NYSE:HEI)

American Century Companies Inc. lessened its holdings in HEICO Co. (NYSE:HEI - Free Report) by 56.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 280,781 shares of the aerospace company's stock after selling 359,595 shares during the period. American Century Companies Inc. owned about 0.20% of HEICO worth $66,753,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Compass Financial Services Inc acquired a new position in HEICO during the 4th quarter worth approximately $26,000. Berbice Capital Management LLC bought a new position in shares of HEICO in the 4th quarter valued at $95,000. Brooklyn Investment Group bought a new stake in HEICO during the 3rd quarter worth $128,000. SBI Securities Co. Ltd. acquired a new position in HEICO in the 4th quarter worth about $135,000. Finally, Householder Group Estate & Retirement Specialist LLC raised its position in HEICO by 476.3% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company's stock valued at $156,000 after purchasing an additional 543 shares during the last quarter. Institutional investors own 27.12% of the company's stock.

HEICO Trading Down 1.0 %

Shares of NYSE:HEI traded down $2.60 during midday trading on Friday, reaching $266.03. The company's stock had a trading volume of 484,749 shares, compared to its average volume of 443,416. HEICO Co. has a fifty-two week low of $185.03 and a fifty-two 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 50 day moving average price of $245.22 and a two-hundred day moving average price of $251.87. The firm has a market capitalization of $36.96 billion, a price-to-earnings ratio of 72.68, a PEG ratio of 3.10 and a beta of 1.26.

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HEICO (NYSE:HEI - Get Free Report) last issued 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. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. As a group, analysts forecast that HEICO Co. will post 4.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HEI has been the topic of several research reports. William Blair restated an "outperform" rating on shares of HEICO in a report on Tuesday. Truist Financial upped their price target on shares of HEICO from $282.00 to $294.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. KeyCorp initiated coverage on shares of HEICO in a research note on Thursday, January 16th. They set a "sector weight" rating for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of HEICO from $271.00 to $266.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, HEICO has an average rating of "Moderate Buy" and a consensus target price of $271.40.

HEICO Company Profile

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.