HEICO Co. (NYSE:HEI) Shares Sold by Fourpath Capital Management LLC

Fourpath Capital Management LLC lessened its holdings in HEICO Co. (NYSE:HEI) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 861 shares of the aerospace company’s stock after selling 130 shares during the quarter. Fourpath Capital Management LLC’s holdings in HEICO were worth $205,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HEI. EULAV Asset Management boosted its holdings in shares of HEICO by 5.0% in the 3rd quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock valued at $105,165,000 after buying an additional 19,200 shares during the period. Two Sigma Advisers LP boosted its stake in HEICO by 3.7% in the third quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock valued at $94,885,000 after acquiring an additional 13,100 shares during the period. Vantage Investment Partners LLC grew its holdings in shares of HEICO by 31.0% during the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company’s stock valued at $38,127,000 after purchasing an additional 37,943 shares during the last quarter. Carderock Capital Management Inc. grew its holdings in shares of HEICO by 2.7% during the third quarter. Carderock Capital Management Inc. now owns 37,261 shares of the aerospace company’s stock valued at $9,743,000 after purchasing an additional 969 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC raised its position in shares of HEICO by 5.3% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 34,764 shares of the aerospace company’s stock worth $8,265,000 after purchasing an additional 1,746 shares during the period. Institutional investors own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on 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 for the company. Truist Financial increased their price objective on shares of HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a report on Friday, October 18th. 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. Deutsche Bank Aktiengesellschaft dropped their price target 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. Finally, KeyCorp initiated coverage on HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating for the company. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $270.20.

HEICO Stock Performance

Shares of NYSE HEI opened at $234.55 on Wednesday. HEICO Co. has a 1 year low of $182.00 and a 1 year high of $283.60. The firm has a market cap of $32.56 billion, a P/E ratio of 64.08, a PEG ratio of 3.28 and a beta of 1.29. The stock has a fifty day moving average price of $244.09 and a two-hundred day moving average price of $250.16. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11.

HEICO (NYSE:HEI) last announced its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.02. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business posted $0.74 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Research analysts forecast that HEICO Co. will post 4.2 EPS for the current fiscal year.

HEICO Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Investors 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 payout ratio is currently 6.01%.

About HEICO

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.