EntryPoint Capital LLC Purchases New Position in HEICO Co. (NYSE:HEI)

EntryPoint Capital LLC purchased a new stake in shares of HEICO Co. (NYSE:HEI) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 926 shares of the aerospace company’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. West Oak Capital LLC grew its holdings in HEICO by 2,400.0% during the fourth quarter. West Oak Capital LLC now owns 2,750 shares of the aerospace company’s stock worth $654,000 after buying an additional 2,640 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in HEICO by 3.7% during the 3rd quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock worth $94,885,000 after acquiring an additional 13,100 shares during the last quarter. Fortress Financial Solutions LLC bought a new stake in shares of HEICO in the 4th quarter worth $263,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of HEICO by 43.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,444 shares of the aerospace company’s stock valued at $1,057,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of HEICO by 19.1% during the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock valued at $98,791,000 after purchasing an additional 66,583 shares in the last quarter. 27.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HEI has been the subject of a number of recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of HEICO in a research report on Tuesday, March 25th. 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. Truist Financial lifted their price target on HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Finally, KeyCorp started coverage on HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.40.

HEICO Trading Down 1.0 %

Shares of HEI opened at $266.03 on Friday. HEICO Co. has a fifty-two week low of $185.03 and a fifty-two week high of $283.60. The business has a 50-day moving average of $245.22 and a 200 day moving average of $251.87. The firm has a market cap of $36.96 billion, a P/E ratio of 72.68, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11.

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

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.