1,105 Shares in HEICO Co. (NYSE:HEI) Purchased by Fortress Financial Solutions LLC

Fortress Financial Solutions LLC bought a new position in HEICO Co. (NYSE:HEI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,105 shares of the aerospace company’s stock, valued at approximately $263,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. West Oak Capital LLC lifted its holdings in shares of HEICO by 2,400.0% in the 4th quarter. West Oak Capital LLC now owns 2,750 shares of the aerospace company’s stock worth $654,000 after purchasing an additional 2,640 shares during the last quarter. Two Sigma Advisers LP lifted 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 buying an additional 13,100 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of HEICO by 43.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,444 shares of the aerospace company’s stock valued at $1,057,000 after acquiring an additional 1,355 shares during the period. Atom Investors LP bought a new position in shares of HEICO during the third quarter worth about $1,129,000. Finally, SpiderRock Advisors LLC increased its holdings in shares of HEICO by 498.1% in the 3rd quarter. SpiderRock Advisors LLC now owns 15,490 shares of the aerospace company’s stock worth $4,050,000 after acquiring an additional 12,900 shares during the period. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HEI has been the subject of several recent analyst reports. Morgan Stanley upped their target price 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 HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Truist Financial lifted their target price on HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research note on Friday, October 18th. UBS Group began coverage on HEICO in a research note on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price target for the company. Finally, KeyCorp began coverage on shares of HEICO in a research note on Thursday, January 16th. They set a “sector weight” rating on the stock. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.20.

HEICO Price Performance

Shares of HEICO stock opened at $232.11 on Wednesday. HEICO Co. has a 52 week low of $182.47 and a 52 week high of $283.60. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average price is $240.42 and its two-hundred day moving average price is $250.30. The stock has a market cap of $32.22 billion, a PE ratio of 63.42, a price-to-earnings-growth ratio of 3.19 and a beta of 1.29.

HEICO (NYSE:HEI) last released its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.97 by $0.02. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 earnings per share. As a group, sell-side analysts anticipate that HEICO Co. will post 4.2 EPS for the current fiscal year.

HEICO Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a $0.11 dividend. This represents a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, January 3rd. HEICO’s payout ratio 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.