HEICO Co. (NYSE:HEI) Stock Position Raised by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC lifted its stake in shares of HEICO Co. (NYSE:HEI) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,073 shares of the aerospace company’s stock after purchasing an additional 217 shares during the period. Clear Harbor Asset Management LLC’s holdings in HEICO were worth $5,485,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Seven Eight Capital LP acquired a new position in shares of HEICO in the second quarter worth about $423,000. Morse Asset Management Inc boosted its stake in HEICO by 3.7% in the 2nd quarter. Morse Asset Management Inc now owns 6,169 shares of the aerospace company’s stock worth $1,379,000 after purchasing an additional 221 shares during the period. Marshall Wace LLP acquired a new stake in HEICO during the 2nd quarter valued at $2,037,000. AXA S.A. boosted its position in shares of HEICO by 11.0% in the second quarter. AXA S.A. now owns 101,980 shares of the aerospace company’s stock worth $22,804,000 after buying an additional 10,143 shares during the period. Finally, Scientech Research LLC purchased a new position in shares of HEICO during the second quarter valued at $534,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. KeyCorp began coverage on HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Truist Financial boosted their price target on shares of HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a report on Friday, October 18th. Morgan Stanley lifted their price objective on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft dropped their target price on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, UBS Group began coverage on HEICO in a research note on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price target for the company. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $270.20.

HEICO Price Performance

Shares of HEICO stock opened at $236.87 on Tuesday. HEICO Co. has a 1-year low of $171.14 and a 1-year high of $283.60. The firm has a fifty day simple moving average of $252.12 and a 200-day simple moving average of $249.28. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $32.88 billion, a price-to-earnings ratio of 64.72, a PEG ratio of 3.25 and a beta of 1.28.

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, 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 company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted $0.74 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts expect that HEICO Co. will post 4.21 earnings per share for the current year.

HEICO Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given 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 dividend payout ratio 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.