HEICO Co. (NYSE:HEI) Holdings Decreased by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in HEICO Co. (NYSE:HEI) by 79.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 722 shares of the aerospace company’s stock after selling 2,728 shares during the period. SG Americas Securities LLC’s holdings in HEICO were worth $172,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HEI. Magnus Financial Group LLC bought a new stake in HEICO during the 4th quarter valued at approximately $239,000. Simon Quick Advisors LLC acquired a new stake in HEICO in the 4th quarter valued at $250,000. Clear Harbor Asset Management LLC grew its holdings in shares of HEICO by 0.9% in the 4th quarter. Clear Harbor Asset Management LLC now owns 23,073 shares of the aerospace company’s stock worth $5,485,000 after purchasing an additional 217 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC increased its holdings in shares of HEICO by 476.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock worth $156,000 after buying an additional 543 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in HEICO by 43.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,444 shares of the aerospace company’s stock valued at $1,057,000 after purchasing an additional 1,355 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

HEICO Trading Up 1.0 %

NYSE:HEI opened at $234.80 on Monday. The business’s 50-day simple moving average is $241.83 and its 200-day simple moving average is $250.29. HEICO Co. has a fifty-two week low of $182.47 and a fifty-two week high of $283.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. The stock has a market capitalization of $32.60 billion, a PE ratio of 64.15, a price-to-earnings-growth ratio of 3.19 and a beta of 1.29.

HEICO (NYSE:HEI) last released its quarterly earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.02. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 earnings per share. Sell-side analysts expect that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

HEICO Announces Dividend

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 of this dividend was Friday, January 3rd. This represents a dividend yield of 0.1%. HEICO’s dividend payout ratio (DPR) is 6.01%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. KeyCorp initiated coverage on HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Truist Financial increased their price objective on shares of HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Morgan Stanley increased their price target on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, UBS Group initiated coverage on HEICO in a research note on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price objective for the company. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $270.20.

About HEICO

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.