3,225 Shares in HEICO Co. (NYSE:HEI) Purchased by New England Research & Management Inc.

New England Research & Management Inc. purchased a new position in shares of HEICO Co. (NYSE:HEI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,225 shares of the aerospace company's stock, valued at approximately $767,000.

A number of other large investors have also modified their holdings of the business. Morse Asset Management Inc lifted its position in shares of HEICO by 0.6% during the 3rd quarter. Morse Asset Management Inc now owns 6,207 shares of the aerospace company's stock valued at $1,623,000 after acquiring an additional 38 shares during the period. Centaurus Financial Inc. increased its stake in HEICO by 8.9% in the third quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company's stock valued at $191,000 after purchasing an additional 60 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its position in shares of HEICO by 1.6% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company's stock worth $1,011,000 after acquiring an additional 65 shares during the last quarter. MGB Wealth Management LLC increased its holdings in shares of HEICO by 3.6% during the 3rd quarter. MGB Wealth Management LLC now owns 2,900 shares of the aerospace company's stock worth $758,000 after buying an additional 100 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its stake in HEICO by 6.6% during the third quarter. Coldstream Capital Management Inc. now owns 1,719 shares of the aerospace company's stock worth $451,000 after acquiring an additional 106 shares during the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

HEICO Stock Up 1.9 %

Shares of HEI traded up $4.51 during mid-day trading on Thursday, reaching $238.66. The company's stock had a trading volume of 114,024 shares, compared to its average volume of 612,883. HEICO Co. has a 1 year low of $178.20 and a 1 year high of $283.60. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. The company has a market cap of $33.13 billion, a price-to-earnings ratio of 65.18, a price-to-earnings-growth ratio of 3.32 and a beta of 1.28. The business has a fifty day moving average of $247.22 and a 200 day moving average of $249.64.

HEICO (NYSE:HEI - Get Free Report) last posted its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, topping the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 earnings per share. As a group, analysts forecast that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

HEICO Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued 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 payout ratio is 6.01%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HEI shares. Morgan Stanley increased their price objective on shares of HEICO from $245.00 to $265.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft decreased their price objective 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. UBS Group assumed coverage on shares of HEICO in a report on Tuesday, October 15th. They set a "neutral" rating and a $277.00 price target for the company. KeyCorp started coverage on shares of HEICO in a report on Thursday, January 16th. They issued a "sector weight" rating for the company. Finally, Truist Financial boosted their target price on shares of HEICO from $264.00 to $282.00 and gave the stock a "buy" rating in a report on Friday, October 18th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, HEICO has an average rating of "Moderate Buy" and a consensus price target of $270.20.

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.