Semanteon Capital Management LP Raises Holdings in HEICO Co. (NYSE:HEI)

Semanteon Capital Management LP boosted its position in HEICO Co. (NYSE:HEI - Free Report) by 32.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,120 shares of the aerospace company's stock after buying an additional 1,489 shares during the period. HEICO makes up approximately 0.8% of Semanteon Capital Management LP's portfolio, making the stock its 20th biggest position. Semanteon Capital Management LP's holdings in HEICO were worth $1,455,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HEI. Compass Financial Services Inc acquired a new position in shares of HEICO during the fourth quarter worth approximately $26,000. Berbice Capital Management LLC bought a new stake in HEICO during the 4th quarter valued at $95,000. Brooklyn Investment Group bought a new position in shares of HEICO in the third quarter valued at $128,000. SBI Securities Co. Ltd. acquired a new position in shares of HEICO during the fourth quarter valued at about $135,000. Finally, Householder Group Estate & Retirement Specialist LLC increased its position in shares of HEICO by 476.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company's stock worth $156,000 after acquiring an additional 543 shares in the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

HEICO Stock Performance

NYSE:HEI traded up $6.22 during trading on Monday, reaching $267.72. The company's stock had a trading volume of 402,619 shares, compared to its average volume of 430,662. The firm has a market cap of $37.20 billion, a price-to-earnings ratio of 73.15, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26. HEICO Co. has a 12 month low of $185.03 and a 12 month high of $283.60. 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 50 day moving average of $242.32 and a 200-day moving average of $251.42.

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HEICO (NYSE:HEI - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. Research analysts expect that HEICO Co. will post 4.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on HEI shares. Truist Financial raised their price target on shares of HEICO from $282.00 to $294.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. KeyCorp began coverage on HEICO in a report on Thursday, January 16th. They issued a "sector weight" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, HEICO presently has a consensus rating of "Moderate Buy" and a consensus target price of $271.40.

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.