Fox Run Management L.L.C. purchased a new stake in HEICO Co. (NYSE:HEI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,489 shares of the aerospace company's stock, valued at approximately $354,000.
Other large investors have also modified their holdings of the company. Semanteon Capital Management LP lifted its stake in HEICO by 32.2% in the 4th quarter. Semanteon Capital Management LP now owns 6,120 shares of the aerospace company's stock valued at $1,455,000 after buying an additional 1,489 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of HEICO by 10.5% in the fourth quarter. Advisors Asset Management Inc. now owns 20,258 shares of the aerospace company's stock valued at $4,816,000 after acquiring an additional 1,924 shares in the last quarter. Postrock Partners LLC purchased a new stake in shares of HEICO in the fourth quarter valued at $2,368,000. Sequoia Financial Advisors LLC boosted its stake in shares of HEICO by 5.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company's stock valued at $231,000 after acquiring an additional 46 shares during the last quarter. Finally, PFG Advisors increased its position 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 purchasing an additional 70 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.
HEICO Trading Down 1.0 %
NYSE HEI traded down $2.60 during mid-day trading on Friday, hitting $266.03. The company's stock had a trading volume of 484,749 shares, compared to its average volume of 443,416. 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 Co. has a 52-week low of $185.03 and a 52-week high of $283.60. The stock's fifty day simple moving average is $245.22 and its two-hundred day simple moving average is $251.85. The firm has a market capitalization of $36.96 billion, a P/E ratio of 72.68, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26.
HEICO (NYSE:HEI - Get Free Report) last posted its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.27. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. Research analysts expect that HEICO Co. will post 4.2 EPS for the current year.
Wall Street Analysts Forecast Growth
HEI has been the topic of a number of analyst reports. Truist Financial raised their target price on shares of HEICO from $282.00 to $294.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft reduced their price target on HEICO from $271.00 to $266.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. William Blair reaffirmed an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Finally, KeyCorp began coverage on HEICO in a research report on Thursday, January 16th. They set a "sector weight" rating on the stock. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $271.40.
Get Our Latest Stock Analysis on HEICO
About HEICO
(
Free Report)
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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