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

Carderock Capital Management Inc. decreased its stake in shares of HEICO Co. (NYSE:HEI) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,572 shares of the aerospace company’s stock after selling 689 shares during the period. HEICO makes up 2.2% of Carderock Capital Management Inc.’s portfolio, making the stock its 19th biggest position. Carderock Capital Management Inc.’s holdings in HEICO were worth $8,695,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HEI. Householder Group Estate & Retirement Specialist LLC raised its holdings in HEICO by 476.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock worth $156,000 after purchasing an additional 543 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of HEICO by 43.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,444 shares of the aerospace company’s stock worth $1,057,000 after buying an additional 1,355 shares in the last quarter. West Oak Capital LLC boosted its stake 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 valued at $654,000 after buying an additional 2,640 shares in the last quarter. Everence Capital Management Inc. acquired a new position in HEICO during the fourth quarter worth about $1,681,000. Finally, Legacy Wealth Management LLC MS bought a new stake in HEICO in the third quarter worth about $214,000. 27.12% of the stock is currently owned by institutional investors.

HEICO Stock Performance

Shares of NYSE HEI opened at $236.87 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 one year low of $171.14 and a one year high of $283.60. The business’s 50-day moving average price is $252.65 and its two-hundred day moving average price is $248.89. The company has a market capitalization of $32.88 billion, a P/E ratio of 64.72, a price-to-earnings-growth ratio of 3.08 and a beta of 1.28.

HEICO (NYSE:HEI) last posted its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company earned $0.74 earnings per share. The company’s revenue was up 8.2% compared to the same quarter last year. Analysts anticipate that HEICO Co. will post 4.21 earnings per share for the current fiscal year.

HEICO Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a yield of 0.1%. HEICO’s dividend payout ratio (DPR) is currently 6.01%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HEI shares. Deutsche Bank Aktiengesellschaft lowered their price objective 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. Truist Financial raised their price objective on HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. UBS Group started coverage on HEICO in a report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 target price for the company. KeyCorp initiated coverage on HEICO in a report on Thursday. They set a “sector weight” rating on the stock. Finally, Morgan Stanley lifted their target price on shares of HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $270.20.

About HEICO

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.