HEICO Co. (NYSE:HEI) Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust cut its stake in HEICO Co. (NYSE:HEI) by 26.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,021 shares of the aerospace company’s stock after selling 375 shares during the period. FineMark National Bank & Trust’s holdings in HEICO were worth $243,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Compass Financial Services Inc purchased a new position in shares of HEICO in the 4th quarter valued at about $26,000. Berbice Capital Management LLC purchased a new position in HEICO in the fourth quarter worth approximately $95,000. Brooklyn Investment Group acquired a new position in HEICO during the 3rd quarter worth approximately $128,000. SBI Securities Co. Ltd. purchased a new stake in shares of HEICO in the 4th quarter valued at approximately $135,000. Finally, Householder Group Estate & Retirement Specialist LLC raised its holdings in shares of HEICO by 476.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock valued at $156,000 after purchasing an additional 543 shares in the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on HEI. KeyCorp assumed coverage on HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating on the stock. Truist Financial boosted their target price on HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, William Blair reissued an “outperform” rating on shares of HEICO in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and eight have given 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 target price of $271.40.

HEICO Stock Performance

Shares of HEICO stock opened at $268.91 on Thursday. The stock has a market capitalization of $37.36 billion, a price-to-earnings ratio of 73.47, a PEG ratio of 3.10 and a beta of 1.26. The firm’s fifty day simple moving average is $243.97 and its 200-day simple moving average is $251.70. 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 12 month low of $185.03 and a 12 month high of $283.60.

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

HEICO Company 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.