TCW Group Inc. Has $39.77 Million Position in HEICO Co. (NYSE:HEI)

TCW Group Inc. lessened its holdings in shares of HEICO Co. (NYSE:HEI - Free Report) by 11.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 167,270 shares of the aerospace company's stock after selling 21,855 shares during the period. TCW Group Inc. owned 0.12% of HEICO worth $39,767,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HEI. Morse Asset Management Inc lifted its position in HEICO by 0.6% during the 3rd quarter. Morse Asset Management Inc now owns 6,207 shares of the aerospace company's stock worth $1,623,000 after buying an additional 38 shares in the last quarter. Centaurus Financial Inc. increased its holdings in shares of 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 in the last quarter. Moody Lynn & Lieberson LLC raised its position in HEICO by 1.6% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company's stock worth $1,011,000 after purchasing an additional 65 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in HEICO by 2.4% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,805 shares of the aerospace company's stock worth $667,000 after buying an additional 67 shares in the last quarter. Finally, MGB Wealth Management LLC boosted its position in HEICO by 3.6% in the 3rd quarter. MGB Wealth Management LLC now owns 2,900 shares of the aerospace company's stock valued at $758,000 after buying an additional 100 shares during the last quarter. Institutional investors own 27.12% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HEI shares. Deutsche Bank Aktiengesellschaft dropped their target price on HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. KeyCorp initiated coverage on HEICO in a report on Thursday, January 16th. They set a "sector weight" rating for the company. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $270.20.

HEICO Stock Performance

Shares of HEI traded up $0.05 during mid-day trading on Wednesday, hitting $227.92. 555,260 shares of the company's stock were exchanged, compared to its average volume of 566,220. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. HEICO Co. has a 52 week low of $182.47 and a 52 week high of $283.60. The stock's 50-day simple moving average is $233.12 and its 200-day simple moving average is $249.60. The firm has a market cap of $31.64 billion, a price-to-earnings ratio of 62.27, a price-to-earnings-growth ratio of 3.10 and a beta of 1.29.

HEICO (NYSE:HEI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. On average, equities research analysts expect that HEICO Co. will post 4.2 EPS for the current year.

HEICO Dividend Announcement

The company also recently declared 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. This represents a dividend yield of 0.1%. The ex-dividend date was Friday, January 3rd. HEICO's dividend payout ratio (DPR) is presently 6.01%.

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.