HEICO Co. (NYSE:HEI) Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its stake in HEICO Co. (NYSE:HEI) by 43.9% in the fourth quarter, Holdings Channel reports. The firm owned 4,444 shares of the aerospace company’s stock after purchasing an additional 1,355 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in HEICO were worth $1,057,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in shares of HEICO in the third quarter valued at about $81,000. Brooklyn Investment Group acquired a new position in HEICO in the 3rd quarter worth approximately $128,000. Global Trust Asset Management LLC acquired a new stake in HEICO during the 3rd quarter valued at approximately $144,000. Arcadia Investment Management Corp MI purchased a new stake in shares of HEICO in the 3rd quarter valued at $157,000. Finally, Centaurus Financial Inc. increased its stake in shares of HEICO by 8.9% in the third quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock worth $191,000 after acquiring an additional 60 shares during the period. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HEI shares. 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 report on Friday, October 18th. Truist Financial raised their target price on HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a report on Friday, October 18th. UBS Group initiated coverage on HEICO in a research report on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price objective on the stock. KeyCorp started coverage on shares of HEICO in a research note on Thursday. They issued a “sector weight” rating for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price objective 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.20.

HEICO Stock Up 0.5 %

HEI opened at $236.87 on Monday. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. HEICO Co. has a twelve month low of $171.14 and a twelve month high of $283.60. The company has a market cap of $32.88 billion, a PE ratio of 64.72, a price-to-earnings-growth ratio of 3.08 and a beta of 1.28. The company has a 50-day moving average price of $252.65 and a 200 day moving average price of $249.21.

HEICO (NYSE:HEI) last released 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 for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business posted $0.74 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. Sell-side analysts expect that HEICO Co. will post 4.21 earnings per share for the current fiscal year.

HEICO Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Stockholders 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%.

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.