Advisors Asset Management Inc. Acquires 1,924 Shares of HEICO Co. (NYSE:HEI)

Advisors Asset Management Inc. lifted its holdings in shares of HEICO Co. (NYSE:HEI) by 10.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,258 shares of the aerospace company’s stock after acquiring an additional 1,924 shares during the quarter. Advisors Asset Management Inc.’s holdings in HEICO were worth $4,816,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Compass Financial Services Inc bought a new position in HEICO during the fourth quarter worth $26,000. Berbice Capital Management LLC bought a new stake in shares of HEICO during the 4th quarter worth about $95,000. Brooklyn Investment Group acquired a new position in HEICO in the 3rd quarter valued at about $128,000. SBI Securities Co. Ltd. bought a new position in HEICO in the 4th quarter valued at about $135,000. Finally, Householder Group Estate & Retirement Specialist LLC lifted its position 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 acquiring an additional 543 shares during the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HEI. KeyCorp began coverage on HEICO in a research note on Thursday, January 16th. They set a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective 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, Truist Financial upped their price target on shares of HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, HEICO currently has a consensus rating of “Moderate Buy” and a consensus price target of $271.40.

HEICO Price Performance

HEI stock opened at $264.63 on Thursday. The company’s 50-day moving average price is $240.09 and its two-hundred day moving average price is $251.19. The firm has a market cap of $36.77 billion, a P/E ratio of 72.30, a P/E/G ratio of 3.10 and a beta of 1.26. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. HEICO Co. has a 12 month low of $185.03 and a 12 month high of $283.60.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.93 by $0.27. The business 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%. On average, analysts anticipate that HEICO Co. will post 4.2 earnings per share for the current fiscal 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.