Gardner Lewis Asset Management L P Purchases 195 Shares of HEICO Co. (NYSE:HEI)

Gardner Lewis Asset Management L P lifted its stake in HEICO Co. (NYSE:HEI) by 1.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,838 shares of the aerospace company’s stock after purchasing an additional 195 shares during the quarter. Gardner Lewis Asset Management L P’s holdings in HEICO were worth $2,577,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Centaurus Financial Inc. boosted its stake in shares of HEICO by 8.9% in the 3rd quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock valued at $191,000 after purchasing an additional 60 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of HEICO during the third quarter valued at about $128,000. Cynosure Group LLC bought a new position in HEICO in the 3rd quarter valued at $358,000. Portland Investment Counsel Inc. purchased a new stake in shares of HEICO during the 3rd quarter worth approximately $211,000. Finally, Atom Investors LP bought a new stake in HEICO in the 3rd quarter valued at about $1,129,000. Institutional investors own 27.12% of the company’s stock.

HEICO Trading Down 0.1 %

Shares of HEI stock opened at $268.68 on Friday. 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 Co. has a 1-year low of $185.03 and a 1-year high of $283.60. The business has a 50-day moving average of $244.64 and a 200 day moving average of $251.81. The stock has a market capitalization of $37.33 billion, a PE ratio of 73.41, a P/E/G ratio of 3.10 and a beta of 1.26.

HEICO (NYSE:HEI) last posted its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $983.10 million. As a group, sell-side analysts anticipate that HEICO Co. will post 4.2 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their target price on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th. KeyCorp began coverage on HEICO in a research note on Thursday, January 16th. They set a “sector weight” rating for the company. William Blair restated an “outperform” rating on shares of HEICO in a research report on Tuesday. Finally, Truist Financial raised their price target on HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.