Hennion & Walsh Asset Management Inc. Grows Holdings in HEICO Co. (NYSE:HEI)

Hennion & Walsh Asset Management Inc. raised its position in HEICO Co. (NYSE:HEI - Free Report) by 43.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,444 shares of the aerospace company's stock after buying an additional 1,355 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in HEICO were worth $1,057,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EULAV Asset Management grew its holdings in shares of HEICO by 5.0% in the third quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company's stock valued at $105,165,000 after acquiring an additional 19,200 shares in the last quarter. Two Sigma Advisers LP grew its stake in HEICO by 3.7% in the 3rd quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company's stock valued at $94,885,000 after purchasing an additional 13,100 shares during the period. Driehaus Capital Management LLC increased its position in shares of HEICO by 66.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company's stock valued at $43,357,000 after purchasing an additional 77,067 shares during the last quarter. Vantage Investment Partners LLC raised its stake in shares of HEICO by 1.4% during the 3rd quarter. Vantage Investment Partners LLC now owns 122,430 shares of the aerospace company's stock worth $32,013,000 after purchasing an additional 1,717 shares during the period. Finally, AXA S.A. boosted its holdings in shares of HEICO by 11.0% in the 2nd quarter. AXA S.A. now owns 101,980 shares of the aerospace company's stock worth $22,804,000 after buying an additional 10,143 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. UBS Group initiated coverage on shares of HEICO in a research report on Tuesday, October 15th. They issued a "neutral" rating and a $277.00 price objective on the stock. KeyCorp assumed coverage on shares of HEICO in a report on Thursday. They issued a "sector weight" rating on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a report on Thursday, December 19th. Morgan Stanley boosted their target price on HEICO from $245.00 to $265.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Finally, Truist Financial increased their price target on HEICO from $264.00 to $282.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $270.20.

HEICO Price Performance

NYSE HEI traded up $1.29 during trading hours on Monday, hitting $236.87. The company had a trading volume of 612,460 shares, compared to its average volume of 612,321. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The firm has a market capitalization of $32.88 billion, a price-to-earnings ratio of 64.72, a PEG ratio of 3.08 and a beta of 1.28. HEICO Co. has a 52 week low of $171.14 and a 52 week high of $283.60. The firm has a 50 day simple moving average of $252.65 and a 200 day simple moving average of $249.21.

HEICO (NYSE:HEI - Get Free Report) last released its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.02. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. HEICO had a net margin of 13.33% and a return on equity of 14.63%. HEICO's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $0.74 earnings per share. Equities research analysts expect that HEICO Co. will post 4.21 earnings per share for the current year.

HEICO Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, January 17th. Stockholders 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 dividend yield of 0.1%. HEICO's dividend payout ratio (DPR) is currently 6.01%.

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.