EULAV Asset Management Raises Holdings in HEICO Co. (NYSE:HEI)

EULAV Asset Management grew its position in HEICO Co. (NYSE:HEI) by 12.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 453,693 shares of the aerospace company’s stock after buying an additional 51,500 shares during the period. HEICO makes up 2.6% of EULAV Asset Management’s investment portfolio, making the stock its 7th largest holding. EULAV Asset Management’s holdings in HEICO were worth $107,861,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. bought a new position in HEICO in the third quarter worth $81,000. Berbice Capital Management LLC acquired a new position in shares of HEICO in the 4th quarter valued at $95,000. Brooklyn Investment Group bought a new position in shares of HEICO during the 3rd quarter worth about $128,000. Global Trust Asset Management LLC bought a new position in shares of HEICO during the 3rd quarter worth about $144,000. Finally, Householder Group Estate & Retirement Specialist LLC boosted its position in shares of HEICO by 476.3% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock valued at $156,000 after acquiring an additional 543 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

HEICO Trading Up 1.0 %

Shares of NYSE HEI opened at $234.80 on Friday. HEICO Co. has a 1-year low of $182.47 and a 1-year high of $283.60. The company has a 50-day moving average of $241.83 and a two-hundred day moving average of $250.00. The company has a market cap of $32.60 billion, a PE ratio of 64.15, a P/E/G ratio of 3.28 and a beta of 1.29. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI) last posted its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. The firm 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%. HEICO’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 EPS. As a group, equities analysts expect that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

HEICO Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a yield of 0.1%. HEICO’s payout ratio is 6.01%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on HEI shares. KeyCorp started coverage on shares of HEICO in a research note on Thursday, January 16th. They set a “sector weight” rating for the company. Truist Financial boosted their price target on HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on 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 boosted 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. Finally, UBS Group started coverage on shares of HEICO in a research report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 target price for the company. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently 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.