Belpointe Asset Management LLC Has $1.08 Million Stock Holdings in HEICO Co. (NYSE:HEI)

Belpointe Asset Management LLC boosted its position in shares of HEICO Co. (NYSE:HEI - Free Report) by 97.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,215 shares of the aerospace company's stock after buying an additional 2,079 shares during the period. Belpointe Asset Management LLC's holdings in HEICO were worth $1,081,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HEI. Sequoia Financial Advisors LLC increased its stake in HEICO by 5.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company's stock worth $231,000 after buying an additional 46 shares during the period. Moran Wealth Management LLC grew its position in shares of HEICO by 1.9% during the fourth quarter. Moran Wealth Management LLC now owns 2,687 shares of the aerospace company's stock worth $639,000 after buying an additional 51 shares in the last quarter. Moody Lynn & Lieberson LLC increased its stake in shares of HEICO by 1.6% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company's stock worth $1,011,000 after buying an additional 65 shares during the period. Bradley Foster & Sargent Inc. CT lifted its stake in HEICO by 2.4% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,805 shares of the aerospace company's stock worth $667,000 after acquiring an additional 67 shares during the last quarter. Finally, PFG Advisors grew its holdings in HEICO by 0.8% during the 4th quarter. PFG Advisors now owns 8,960 shares of the aerospace company's stock worth $2,130,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company's stock.

HEICO Trading Down 2.7 %

HEI stock traded down $6.54 during mid-day trading on Monday, reaching $238.20. 57,706 shares of the stock traded hands, compared to its average volume of 459,423. HEICO Co. has a 52-week low of $197.98 and a 52-week high of $283.60. The stock's fifty day moving average is $250.19 and its 200-day moving average is $250.59. The company has a market cap of $33.10 billion, a P/E ratio of 65.08, a P/E/G ratio of 3.10 and a beta of 1.07. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.27. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. As a group, sell-side analysts expect that HEICO Co. will post 4.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

HEI has been the topic of a number of analyst reports. KeyCorp initiated coverage on HEICO in a research note on Thursday, January 16th. They issued a "sector weight" rating on the stock. William Blair restated an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Truist Financial reduced their price target on shares of HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Wells Fargo & Company began coverage on HEICO in a research note on Tuesday, April 15th. They issued an "equal weight" rating and a $244.00 price objective for the company. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, HEICO has a consensus rating of "Moderate Buy" and a consensus target price of $267.36.

HEICO 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.