Fortis Capital Advisors LLC increased its holdings in shares of HEICO Co. (NYSE:HEI - Free Report) by 97.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,215 shares of the aerospace company's stock after purchasing an additional 2,079 shares during the period. Fortis Capital Advisors 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 recently bought and sold shares of the stock. Compass Financial Services Inc acquired a new position in shares of HEICO during the 4th quarter worth approximately $26,000. Berbice Capital Management LLC bought a new stake in shares of HEICO during the 4th quarter valued at approximately $95,000. SBI Securities Co. Ltd. acquired a new position in shares of HEICO during the fourth quarter worth $135,000. Householder Group Estate & Retirement Specialist LLC boosted its holdings in shares of HEICO by 476.3% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company's stock valued at $156,000 after acquiring an additional 543 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its position in HEICO by 252.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company's stock worth $158,000 after acquiring an additional 475 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages have issued reports on HEI. Wells Fargo & Company started coverage on shares of HEICO in a research report on Tuesday. They issued an "equal weight" rating and a $244.00 price target for the company. Truist Financial lowered their target price on HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a research report on Thursday. KeyCorp started coverage on HEICO in a research report on Thursday, January 16th. They set a "sector weight" rating on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Finally, William Blair reiterated an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $267.36.
Read Our Latest Stock Report on HEI
HEICO Price Performance
Shares of NYSE:HEI traded down $1.97 during trading on Thursday, hitting $245.18. 233,693 shares of the company's stock were exchanged, compared to its average volume of 458,940. HEICO Co. has a 52-week low of $195.31 and a 52-week high of $283.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. The company has a market cap of $34.07 billion, a price-to-earnings ratio of 67.06, a PEG ratio of 3.10 and a beta of 1.07. The business's 50-day simple moving average is $249.73 and its 200 day simple moving average is $251.00.
HEICO (NYSE:HEI - Get Free Report) last released 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 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 the consensus estimate of $983.10 million. As a group, equities analysts predict that HEICO Co. will post 4.2 EPS for the current year.
HEICO Profile
(
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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