HEICO Co. (NYSE:HEI) Short Interest Update

HEICO Co. (NYSE:HEI) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 2,380,000 shares, a growth of 9.2% from the January 15th total of 2,180,000 shares. Approximately 5.6% of the shares of the company are sold short. Based on an average daily trading volume, of 538,200 shares, the days-to-cover ratio is presently 4.4 days.

Analyst Upgrades and Downgrades

HEI has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their price target on 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 research note on Thursday, January 16th. They set a “sector weight” rating on the stock. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $270.20.

Institutional Trading of HEICO

Hedge funds have recently modified their holdings of the business. Compass Financial Services Inc acquired a new stake in shares of HEICO in the 4th quarter valued at approximately $26,000. Banque Transatlantique SA acquired a new stake in shares of HEICO in the 4th quarter valued at approximately $44,000. Rakuten Securities Inc. purchased a new position in HEICO in the 3rd quarter valued at approximately $81,000. Berbice Capital Management LLC purchased a new position in HEICO in the 4th quarter valued at approximately $95,000. Finally, Brooklyn Investment Group purchased a new position in HEICO in the 3rd quarter valued at approximately $128,000. 27.12% of the stock is owned by institutional investors and hedge funds.

HEICO Stock Down 1.9 %

HEICO stock opened at $220.45 on Tuesday. HEICO has a twelve month low of $182.47 and a twelve month high of $283.60. The stock has a 50 day moving average of $237.12 and a two-hundred day moving average of $249.84. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $30.60 billion, a price-to-earnings ratio of 60.23, a PEG ratio of 3.19 and a beta of 1.29.

HEICO (NYSE:HEI) last posted its quarterly 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 business 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 company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.74 EPS. As a group, research analysts expect that HEICO will post 4.2 earnings per share for the current year.

HEICO Announces Dividend

The firm 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 is currently 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.