HEICO Co. (NYSE:HEI) Shares Sold by Fourpath Capital Management LLC

Fourpath Capital Management LLC lowered its stake in shares of HEICO Co. (NYSE:HEI) by 13.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 861 shares of the aerospace company’s stock after selling 130 shares during the quarter. Fourpath Capital Management LLC’s holdings in HEICO were worth $205,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Rakuten Securities Inc. acquired a new position in HEICO during the third quarter worth approximately $81,000. Berbice Capital Management LLC acquired a new stake in shares of HEICO during the 4th quarter worth $95,000. Brooklyn Investment Group purchased a new position in shares of HEICO in the 3rd quarter worth $128,000. Global Trust Asset Management LLC acquired a new position in HEICO in the third quarter valued at $144,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in HEICO during the third quarter valued at about $157,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

HEICO Trading Down 2.4 %

NYSE:HEI opened at $234.55 on Wednesday. HEICO Co. has a one year low of $182.00 and a one year high of $283.60. The business’s 50-day simple moving average is $244.09 and its 200 day simple moving average is $250.16. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The stock has a market cap of $32.56 billion, a price-to-earnings ratio of 64.08, a price-to-earnings-growth ratio of 3.28 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 company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS. As a group, sell-side analysts predict that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

HEICO Announces Dividend

The business also recently announced 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 dividend payout ratio (DPR) is presently 6.01%.

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.