HEICO Co. (NYSE:HEI) Shares Sold by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC lowered its position in shares of HEICO Co. (NYSE:HEI - Free Report) by 57.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 904 shares of the aerospace company's stock after selling 1,211 shares during the period. HighPoint Advisor Group LLC's holdings in HEICO were worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Compass Financial Services Inc acquired a new position in shares of HEICO in the 4th quarter worth approximately $26,000. Berbice Capital Management LLC purchased a new position in shares of HEICO during the fourth quarter worth $95,000. SBI Securities Co. Ltd. acquired a new stake in shares of HEICO in the fourth quarter valued at $135,000. Householder Group Estate & Retirement Specialist LLC raised its holdings in shares of HEICO by 476.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company's stock valued at $156,000 after buying an additional 543 shares during the period. Finally, Legacy Wealth Management LLC MS purchased a new stake in shares of HEICO in the 3rd quarter valued at $214,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Truist Financial increased their price target 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 decreased their price target 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. William Blair reiterated an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th. Finally, KeyCorp started coverage on HEICO in a research note on Thursday, January 16th. They set a "sector weight" rating for the company. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, HEICO has an average rating of "Moderate Buy" and a consensus price target of $271.40.

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HEICO Stock Performance

NYSE HEI traded up $9.24 during trading hours on Tuesday, hitting $245.68. The company had a trading volume of 124,635 shares, compared to its average volume of 566,213. The business has a 50 day moving average of $247.55 and a 200-day moving average of $251.72. 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 Co. has a 1-year low of $185.03 and a 1-year high of $283.60. The company has a market cap of $34.14 billion, a PE ratio of 67.15, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07.

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 (EPS) for the quarter, topping 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 the consensus estimate of $983.10 million. As a group, equities research analysts expect that HEICO Co. will post 4.2 EPS for the current year.

HEICO Company 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.