Cutter & CO Brokerage Inc. Purchases 4,504 Shares of HEICO Co. (NYSE:HEI)

Cutter & CO Brokerage Inc. boosted its position in shares of HEICO Co. (NYSE:HEI - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,460 shares of the aerospace company's stock after buying an additional 4,504 shares during the period. HEICO accounts for about 3.7% of Cutter & CO Brokerage Inc.'s portfolio, making the stock its 5th largest holding. Cutter & CO Brokerage Inc.'s holdings in HEICO were worth $15,325,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. EULAV Asset Management increased its stake in HEICO by 12.8% during the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company's stock worth $107,861,000 after buying an additional 51,500 shares in the last quarter. Two Sigma Advisers LP increased its stake in HEICO by 3.7% during the 3rd quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company's stock worth $94,885,000 after buying an additional 13,100 shares in the last quarter. Vantage Investment Partners LLC grew its position in shares of HEICO by 31.0% in the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company's stock valued at $38,127,000 after purchasing an additional 37,943 shares in the last quarter. MinichMacGregor Wealth Management LLC grew its position in shares of HEICO by 5.3% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 34,764 shares of the aerospace company's stock valued at $8,265,000 after purchasing an additional 1,746 shares in the last quarter. Finally, Clear Harbor Asset Management LLC grew its position in shares of HEICO by 0.9% in the fourth quarter. Clear Harbor Asset Management LLC now owns 23,073 shares of the aerospace company's stock valued at $5,485,000 after purchasing an additional 217 shares in the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

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HEICO Trading Up 2.2 %

HEI traded up $5.73 during trading hours on Friday, reaching $264.75. The company's stock had a trading volume of 1,049,002 shares, compared to its average volume of 599,474. HEICO Co. has a fifty-two week low of $182.47 and a fifty-two week high of $283.60. The stock has a market cap of $36.76 billion, a PE ratio of 72.34, a P/E/G ratio of 3.10 and a beta of 1.29. The business's 50-day moving average is $233.88 and its 200-day moving average is $249.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34.

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

HEICO Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HEI shares. Deutsche Bank Aktiengesellschaft dropped their price target on HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. KeyCorp started coverage on HEICO in a research report on Thursday, January 16th. They issued a "sector weight" rating for the company. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $270.20.

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.