K.J. Harrison & Partners Inc Boosts Stock Position in HEICO Co. (NYSE:HEI)

K.J. Harrison & Partners Inc grew its stake in HEICO Co. (NYSE:HEI - Free Report) by 11.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,540 shares of the aerospace company's stock after purchasing an additional 2,000 shares during the quarter. K.J. Harrison & Partners Inc's holdings in HEICO were worth $4,635,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. bought a new position in HEICO in the third quarter worth about $4,502,000. Frank Rimerman Advisors LLC bought a new position in shares of HEICO in the 3rd quarter worth approximately $202,000. Arcadia Investment Management Corp MI purchased a new position in shares of HEICO in the 3rd quarter valued at approximately $157,000. Robeco Institutional Asset Management B.V. boosted its position in shares of HEICO by 79.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 10,662 shares of the aerospace company's stock valued at $2,788,000 after purchasing an additional 4,712 shares in the last quarter. Finally, Signify Wealth purchased a new stake in HEICO in the third quarter worth $204,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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HEICO Stock Performance

Shares of HEICO stock traded up $5.73 during trading on Friday, hitting $264.75. 1,049,002 shares of the company's stock traded hands, compared to its average volume of 599,474. HEICO Co. has a 1 year low of $182.47 and a 1 year high of $283.60. The business has a 50-day simple moving average of $233.88 and a 200-day simple moving average of $249.83. The stock has a market capitalization of $36.76 billion, a P/E ratio of 72.34, a PEG ratio of 3.10 and a beta of 1.29. 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 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. The firm had revenue of $1.03 billion for the quarter, compared to analysts' expectations 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 EPS for the current year.

HEICO Dividend Announcement

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

About HEICO

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.