HEICO Co. (NYSE:HEI) Stake Boosted by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc boosted its holdings in HEICO Co. (NYSE:HEI) by 11.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 19,540 shares of the aerospace company’s stock after acquiring an additional 2,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in HEICO were worth $4,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in HEI. EULAV Asset Management boosted its holdings in shares of HEICO by 12.8% in the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock valued at $107,861,000 after buying an additional 51,500 shares during the period. Two Sigma Advisers LP boosted its stake in HEICO by 3.7% in the third quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock valued at $94,885,000 after acquiring an additional 13,100 shares during the period. Vantage Investment Partners LLC boosted its stake in HEICO by 31.0% in the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company’s stock valued at $38,127,000 after acquiring an additional 37,943 shares during the period. Cutter & CO Brokerage Inc. raised its position in shares of HEICO by 7.5% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 64,460 shares of the aerospace company’s stock worth $15,325,000 after purchasing an additional 4,504 shares during the period. Finally, MinichMacGregor Wealth Management LLC raised its position in shares of HEICO by 5.3% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 34,764 shares of the aerospace company’s stock worth $8,265,000 after purchasing an additional 1,746 shares during the period. Institutional investors own 27.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have 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 on the stock in a research report on Thursday, December 19th. KeyCorp started coverage on shares of HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating for the company. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, HEICO presently has a consensus rating of “Moderate Buy” and a consensus price target of $270.20.

HEICO Price Performance

Shares of NYSE HEI opened at $227.92 on Thursday. The stock has a market cap of $31.64 billion, a P/E ratio of 62.27, a P/E/G ratio of 3.10 and a beta of 1.29. The firm’s 50-day simple moving average is $232.93 and its 200 day simple moving average is $249.45. HEICO Co. has a fifty-two week low of $182.47 and a fifty-two week 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.

HEICO (NYSE:HEI) last released its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.27. The company had revenue of $1.03 billion for 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%. Equities analysts expect that HEICO Co. will post 4.2 EPS for the current year.

HEICO Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a yield of 0.1%. HEICO’s dividend payout ratio (DPR) is 6.01%.

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.