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

Cookson Peirce & Co. Inc. grew its holdings in shares of HEICO Co. (NYSE:HEI) by 59.8% in the 4th quarter, according to its most recent 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.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Compass Financial Services Inc purchased a new stake in shares of HEICO during the 4th quarter valued at about $26,000. Rakuten Securities Inc. purchased a new stake in HEICO in the 3rd quarter worth approximately $81,000. Berbice Capital Management LLC purchased a new stake in HEICO in the 4th quarter worth approximately $95,000. Brooklyn Investment Group purchased a new stake in HEICO in the 3rd quarter worth approximately $128,000. Finally, SBI Securities Co. Ltd. purchased a new stake in HEICO in the 4th quarter worth approximately $135,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Stock Up 1.2 %

NYSE HEI 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. The company has a market capitalization of $37.29 billion, a P/E ratio of 73.39, a P/E/G ratio of 3.10 and a beta of 1.26. HEICO Co. has a one year low of $182.47 and a one year high of $283.60. The stock has a 50 day moving average price of $234.94 and a 200-day moving average price of $250.28.

HEICO (NYSE:HEI) last issued 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 during the quarter, compared to the consensus estimate of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. As a group, equities analysts predict that HEICO Co. will post 4.2 EPS for the current fiscal year.

HEICO Dividend Announcement

The business also recently declared 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 dividend payout ratio is presently 5.45%.

Wall Street Analyst Weigh In

HEI has been the subject of several analyst reports. KeyCorp initiated coverage on shares of HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating for the company. Truist Financial increased their target price on shares of HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, HEICO presently has a consensus rating of “Moderate Buy” and an average target price of $271.40.

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.