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

Brooktree Capital Management reduced its stake in HEICO Co. (NYSE:HEI – Get Rating) by 29.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,201 shares of the aerospace company’s stock after selling 6,497 shares during the period. HEICO accounts for about 1.5% of Brooktree Capital Management’s investment portfolio, making the stock its 19th biggest holding. Brooktree Capital Management’s holdings in HEICO were worth $2,334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HEI. Wedbush Securities Inc. raised its holdings in shares of HEICO by 2.6% during the first quarter. Wedbush Securities Inc. now owns 2,967 shares of the aerospace company’s stock valued at $456,000 after buying an additional 75 shares during the last quarter. JJJ Advisors Inc. raised its holdings in shares of HEICO by 76.1% during the fourth quarter. JJJ Advisors Inc. now owns 199 shares of the aerospace company’s stock valued at $29,000 after buying an additional 86 shares during the last quarter. Alpine Woods Capital Investors LLC raised its holdings in shares of HEICO by 0.4% during the fourth quarter. Alpine Woods Capital Investors LLC now owns 28,375 shares of the aerospace company’s stock valued at $4,092,000 after buying an additional 100 shares during the last quarter. Roundview Capital LLC raised its holdings in shares of HEICO by 1.8% during the fourth quarter. Roundview Capital LLC now owns 6,725 shares of the aerospace company’s stock valued at $970,000 after buying an additional 118 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its holdings in HEICO by 1.0% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 12,150 shares of the aerospace company’s stock worth $1,752,000 after purchasing an additional 125 shares in the last quarter. 26.67% of the stock is currently owned by institutional investors and hedge funds.

HEICO Price Performance

HEICO stock traded up $1.10 during mid-day trading on Friday, hitting $157.52. The company’s stock had a trading volume of 224,767 shares, compared to its average volume of 308,256. The company has a quick ratio of 1.69, a current ratio of 3.39 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $21.42 billion, a P/E ratio of 64.82, a P/E/G ratio of 4.76 and a beta of 1.17. HEICO Co. has a twelve month low of $122.94 and a twelve month high of $159.29. The stock’s fifty day moving average price is $139.71 and its two-hundred day moving average price is $142.47.

HEICO (NYSE:HEI – Get Rating) last posted its quarterly earnings results on Monday, May 23rd. The aerospace company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $538.81 million for the quarter, compared to analyst estimates of $532.19 million. HEICO had a net margin of 16.66% and a return on equity of 14.44%. During the same quarter in the previous year, the business posted $0.51 earnings per share. Research analysts forecast that HEICO Co. will post 2.61 earnings per share for the current year.

HEICO Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were given a dividend of $0.09 per share. This represents a yield of 0.1%. The ex-dividend date of this dividend was Thursday, June 30th. HEICO’s payout ratio is 7.41%.

Analysts Set New Price Targets

Several brokerages recently commented on HEI. UBS Group dropped their target price on HEICO to $138.00 in a report on Wednesday, May 25th. Truist Financial dropped their target price on HEICO from $182.00 to $165.00 and set a “buy” rating on the stock in a report on Tuesday, July 19th. Finally, StockNews.com cut HEICO from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, HEICO presently has an average rating of “Moderate Buy” and a consensus price target of $155.33.

HEICO Profile

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HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.