HEICO Co. (NYSE:HEI) Shares Sold by Embree Financial Group

Embree Financial Group cut its holdings in HEICO Co. (NYSE:HEI) by 18.8% during the fourth quarter, HoldingsChannel reports. The fund owned 4,312 shares of the aerospace company’s stock after selling 1,000 shares during the period. Embree Financial Group’s holdings in HEICO were worth $1,025,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new position in shares of HEICO in the 3rd quarter valued at $81,000. Berbice Capital Management LLC acquired a new position in HEICO in the fourth quarter valued at about $95,000. Brooklyn Investment Group purchased a new position in HEICO during the third quarter worth about $128,000. Global Trust Asset Management LLC acquired a new stake in shares of HEICO during the third quarter valued at about $144,000. Finally, Householder Group Estate & Retirement Specialist LLC raised its stake in shares of HEICO by 476.3% in 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 during the period. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

HEICO Stock Down 1.3 %

HEICO stock opened at $235.42 on Friday. The stock’s fifty day moving average is $249.52 and its two-hundred day moving average is $249.45. The stock has a market cap of $32.68 billion, a PE ratio of 64.32, a P/E/G ratio of 3.32 and a beta of 1.28. HEICO Co. has a 1-year low of $178.20 and a 1-year high of $283.60. 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 (NYSE:HEI) last posted its earnings results 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 return on equity of 14.63% and a net margin of 13.33%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 earnings per share. On average, sell-side analysts expect that HEICO Co. will post 4.2 EPS for the current fiscal year.

HEICO Dividend Announcement

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

Wall Street Analyst Weigh In

HEI has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. KeyCorp began coverage on HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating for the company. UBS Group initiated coverage on HEICO in a research note on Tuesday, October 15th. They set a “neutral” rating and a $277.00 target price on the stock. Morgan Stanley raised their target price on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Truist Financial upped their target price on shares of 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 issued a buy rating to the company’s stock. According to MarketBeat.com, HEICO has a consensus rating of “Moderate Buy” and an average target price of $270.20.

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.