HEICO Co. (NYSE:HEI) Shares Bought by Williamson Legacy Group LLC

Williamson Legacy Group LLC grew its position in shares of HEICO Co. (NYSE:HEI) by 11.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,104 shares of the aerospace company’s stock after purchasing an additional 313 shares during the quarter. Williamson Legacy Group LLC’s holdings in HEICO were worth $738,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Compass Financial Services Inc acquired a new position in shares of HEICO in the 4th quarter worth $26,000. Rakuten Securities Inc. acquired a new stake in HEICO during the third quarter valued at $81,000. Berbice Capital Management LLC acquired a new stake in HEICO during the fourth quarter valued at $95,000. Brooklyn Investment Group acquired a new stake in HEICO during the third quarter valued at $128,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in HEICO during the third quarter valued at $157,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

HEICO Price Performance

Shares of NYSE:HEI opened at $264.75 on Friday. HEICO Co. has a fifty-two week low of $182.47 and a fifty-two week high of $283.60. The business has a 50-day moving average of $233.88 and a two-hundred day moving average of $249.72. The stock has a market capitalization of $36.76 billion, a P/E ratio of 72.34, a P/E/G ratio of 3.10 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34.

HEICO (NYSE:HEI) last announced its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $983.10 million. On average, equities research analysts predict that HEICO Co. will post 4.2 EPS for the current fiscal year.

HEICO Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid 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 presently 6.01%.

Analysts Set New Price Targets

HEI has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their price objective 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 research report on Thursday, January 16th. They set a “sector weight” rating for the company. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, HEICO currently has a consensus rating of “Moderate Buy” and a consensus price target of $270.20.

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.