MinichMacGregor Wealth Management LLC Increases Stock Holdings in HEICO Co. (NYSE:HEI)

MinichMacGregor Wealth Management LLC grew its position in shares of HEICO Co. (NYSE:HEI - Free Report) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,764 shares of the aerospace company's stock after purchasing an additional 1,746 shares during the period. HEICO makes up about 1.7% of MinichMacGregor Wealth Management LLC's holdings, making the stock its 26th largest holding. MinichMacGregor Wealth Management LLC's holdings in HEICO were worth $8,265,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Driehaus Capital Management LLC raised 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 worth $43,357,000 after acquiring an additional 77,067 shares in the last quarter. EULAV Asset Management increased its stake in 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 purchasing an additional 19,200 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in HEICO in the third quarter valued at $4,502,000. Quantbot Technologies LP grew its holdings in shares of HEICO by 424.1% during the third quarter. Quantbot Technologies LP now owns 18,801 shares of the aerospace company's stock worth $4,916,000 after purchasing an additional 15,214 shares during the last quarter. Finally, Integrated Investment Consultants LLC increased its position in shares of HEICO by 734.2% during the third quarter. Integrated Investment Consultants LLC now owns 16,942 shares of the aerospace company's stock worth $4,430,000 after purchasing an additional 14,911 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

HEICO Stock Performance

HEI traded down $3.19 during trading on Thursday, reaching $238.33. The company's stock had a trading volume of 358,876 shares, compared to its average volume of 685,619. 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 company's fifty day moving average price is $251.00 and its 200-day moving average price is $249.31. HEICO Co. has a 52-week low of $178.20 and a 52-week high of $283.60. The company has a market capitalization of $33.09 billion, a price-to-earnings ratio of 65.08, a price-to-earnings-growth ratio of 3.29 and a beta of 1.28.

HEICO (NYSE:HEI - Get Free Report) last posted its quarterly earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (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 the consensus estimate of $1.03 billion. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $0.74 EPS. On average, equities analysts forecast that HEICO Co. will post 4.21 earnings per share for the current fiscal year.

HEICO Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a $0.11 dividend. The ex-dividend date was Friday, January 3rd. This represents a dividend yield of 0.1%. HEICO's dividend payout ratio is presently 6.01%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HEI shares. UBS Group assumed coverage on HEICO in a research note on Tuesday, October 15th. They set a "neutral" rating and a $277.00 price target on the stock. Truist Financial raised their target price on shares of HEICO from $264.00 to $282.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. KeyCorp started coverage on shares of HEICO in a research report on Thursday, January 16th. They issued a "sector weight" rating for the company. Morgan Stanley lifted their price objective on shares of HEICO from $245.00 to $265.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of 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 given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $270.20.

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.