Cookson Peirce & Co. Inc. Grows Position in HEICO Co. (NYSE:HEI)

Cookson Peirce & Co. Inc. raised its holdings in shares of HEICO Co. (NYSE:HEI) by 59.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,056 shares of the aerospace company’s stock after purchasing an additional 1,144 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in HEICO were worth $727,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HEI. Morse Asset Management Inc lifted its holdings in shares of HEICO by 0.6% in the third quarter. Morse Asset Management Inc now owns 6,207 shares of the aerospace company’s stock worth $1,623,000 after buying an additional 38 shares in the last quarter. Centaurus Financial Inc. lifted its holdings in shares of HEICO by 8.9% in the third quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock worth $191,000 after buying an additional 60 shares in the last quarter. Moody Lynn & Lieberson LLC lifted its holdings in shares of HEICO by 1.6% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company’s stock worth $1,011,000 after buying an additional 65 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of HEICO by 2.4% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,805 shares of the aerospace company’s stock worth $667,000 after buying an additional 67 shares in the last quarter. Finally, Snider Financial Group lifted its holdings in shares of HEICO by 0.6% in the fourth quarter. Snider Financial Group now owns 11,438 shares of the aerospace company’s stock worth $2,719,000 after buying an additional 71 shares in the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

HEICO Stock Up 1.2 %

Shares of HEICO stock opened at $268.61 on Thursday. 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 Co. has a 52-week low of $182.47 and a 52-week high of $283.60. The stock has a market capitalization of $37.29 billion, a price-to-earnings ratio of 73.39, a P/E/G ratio of 3.10 and a beta of 1.26. The company’s 50 day moving average price is $234.94 and its 200-day moving average price is $250.28.

HEICO (NYSE:HEI) last announced its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.27. The company 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 EPS for the current year.

HEICO Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.11 per share. This represents a yield of 0.1%. The ex-dividend date of this dividend was Friday, January 3rd. HEICO’s dividend payout ratio is currently 5.45%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. KeyCorp began coverage on shares of HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating on the stock. Finally, Truist Financial raised their target price on shares of HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.40.

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.