Fisher Asset Management LLC Acquires 66,583 Shares of HEICO Co. (NYSE:HEI)

Fisher Asset Management LLC grew its position in HEICO Co. (NYSE:HEI) by 19.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 415,542 shares of the aerospace company’s stock after purchasing an additional 66,583 shares during the period. Fisher Asset Management LLC owned approximately 0.30% of HEICO worth $98,791,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Compass Financial Services Inc bought a new stake in HEICO during the fourth quarter worth about $26,000. Rakuten Securities Inc. acquired a new position in shares of HEICO in the third quarter valued at approximately $81,000. Berbice Capital Management LLC bought a new stake in shares of HEICO in the fourth quarter valued at approximately $95,000. Brooklyn Investment Group bought a new stake in shares of HEICO in the third quarter valued at approximately $128,000. Finally, Householder Group Estate & Retirement Specialist LLC boosted its stake in shares of HEICO by 476.3% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock valued at $156,000 after buying an additional 543 shares during the period. 27.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HEI has been the subject of several recent research reports. KeyCorp started coverage on HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft dropped their price target on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $270.20.

HEICO Trading Up 2.2 %

HEICO stock opened at $264.75 on Friday. The stock has a market cap of $36.76 billion, a P/E ratio of 72.34, a PEG ratio of 3.10 and a beta of 1.29. HEICO Co. has a fifty-two week low of $182.47 and a fifty-two week high of $283.60. The firm’s fifty day moving average price is $233.88 and its 200-day moving average price is $249.83. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11.

HEICO (NYSE:HEI) last released its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.27. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. Equities research analysts forecast that HEICO Co. will post 4.2 earnings per share for the current fiscal 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 $0.11 dividend. The ex-dividend date was Friday, January 3rd. This represents a dividend yield of 0.1%. HEICO’s payout ratio is currently 5.45%.

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.