HEICO Co. (NYSE:HEI) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC cut its holdings in shares of HEICO Co. (NYSE:HEI) by 66.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,744 shares of the aerospace company’s stock after selling 5,419 shares during the period. Calamos Advisors LLC’s holdings in HEICO were worth $652,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of HEI. Morse Asset Management Inc boosted its holdings in HEICO by 0.6% in the 3rd 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 during the last quarter. Centaurus Financial Inc. boosted its stake 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 acquiring an additional 60 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its stake 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 acquiring an additional 65 shares during the last quarter. MGB Wealth Management LLC boosted its stake in shares of HEICO by 3.6% in the third quarter. MGB Wealth Management LLC now owns 2,900 shares of the aerospace company’s stock worth $758,000 after acquiring an additional 100 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in HEICO by 6.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,719 shares of the aerospace company’s stock worth $451,000 after purchasing an additional 106 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 $236.54 on Thursday. The firm’s 50-day moving average is $243.39 and its two-hundred day moving average is $250.06. 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 Co. has a 12 month low of $182.47 and a 12 month high of $283.60. The stock has a market capitalization of $32.84 billion, a P/E ratio of 64.63, a PEG ratio of 3.28 and a beta of 1.29.

HEICO (NYSE:HEI) last issued its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the business posted $0.74 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, sell-side analysts anticipate that HEICO Co. will post 4.2 earnings per share for the current year.

HEICO Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Investors 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 was Friday, January 3rd. HEICO’s payout ratio is 6.01%.

Analysts Set New Price Targets

Several brokerages have issued reports on HEI. Morgan Stanley lifted their target price on shares of HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft decreased their target price 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. KeyCorp initiated coverage on HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating for the company. UBS Group started coverage on HEICO in a research note on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price objective on the stock. Finally, Truist Financial raised their target price on HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research note 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 data from MarketBeat, HEICO has a consensus rating of “Moderate Buy” and an average target price of $270.20.

HEICO 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.