Alerus Financial NA Reduces Stock Position in HEICO Co. (NYSE:HEI)

Alerus Financial NA reduced its position in HEICO Co. (NYSE:HEI - Free Report) by 30.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,549 shares of the aerospace company's stock after selling 11,318 shares during the quarter. Alerus Financial NA's holdings in HEICO were worth $6,074,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Centaurus Financial Inc. increased its stake in shares of HEICO by 8.9% in the 3rd quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company's stock valued at $191,000 after acquiring an additional 60 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of HEICO in the 3rd quarter valued at about $128,000. Cynosure Group LLC acquired a new position in HEICO during the 3rd quarter worth approximately $358,000. Portland Investment Counsel Inc. bought a new position in HEICO in the third quarter worth approximately $211,000. Finally, Atom Investors LP acquired a new position in HEICO during the third quarter worth $1,129,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HEI has been the topic of a number of recent analyst reports. KeyCorp began coverage on HEICO in a research note on Thursday, January 16th. They set a "sector weight" rating on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of HEICO from $271.00 to $266.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. Truist Financial lifted their price target on shares of HEICO from $282.00 to $294.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Finally, William Blair restated an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $271.40.

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HEICO Price Performance

NYSE:HEI traded up $2.33 during mid-day trading on Tuesday, reaching $269.52. The stock had a trading volume of 89,955 shares, compared to its average volume of 442,131. The stock has a market capitalization of $37.45 billion, a P/E ratio of 73.63, a P/E/G ratio of 3.10 and a beta of 1.26. HEICO Co. has a one year low of $185.03 and a one year high of $283.60. The firm has a 50 day moving average price of $245.83 and a two-hundred day moving average price of $251.93. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11.

HEICO (NYSE:HEI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (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, analysts expect that HEICO Co. will post 4.2 earnings per share for the current year.

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.