Navellier & Associates Inc. Buys 748 Shares of HEICO Co. (NYSE:HEI)

Navellier & Associates Inc. increased its stake in shares of HEICO Co. (NYSE:HEI) by 31.0% during the fourth quarter, HoldingsChannel reports. The fund owned 3,158 shares of the aerospace company’s stock after acquiring an additional 748 shares during the quarter. Navellier & Associates Inc.’s holdings in HEICO were worth $751,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Compass Financial Services Inc bought a new stake in HEICO in the 4th quarter valued at $26,000. Rakuten Securities Inc. bought a new stake in HEICO in the 3rd quarter valued at $81,000. Berbice Capital Management LLC bought a new stake in HEICO in the 4th quarter valued at $95,000. Brooklyn Investment Group bought a new stake in HEICO in the 3rd quarter valued at $128,000. Finally, Global Trust Asset Management LLC bought a new stake in HEICO in the 3rd quarter valued at $144,000. Institutional investors own 27.12% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HEI. Deutsche Bank Aktiengesellschaft lowered their price target on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. KeyCorp assumed coverage on shares of HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $270.20.

HEICO Stock Up 0.2 %

Shares of NYSE:HEI opened at $225.90 on Friday. HEICO Co. has a 52 week low of $182.47 and a 52 week high of $283.60. 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’s fifty day moving average is $234.43 and its 200-day moving average is $249.53. The company has a market capitalization of $31.36 billion, a PE ratio of 61.72, a P/E/G ratio of 3.10 and a beta of 1.29.

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

HEICO Announces Dividend

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 dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a yield of 0.1%. HEICO’s dividend payout ratio (DPR) is 6.01%.

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.