American Century Companies Inc. Decreases Stock Position in HEICO Co. (NYSE:HEI)

American Century Companies Inc. lessened its holdings in HEICO Co. (NYSE:HEI) by 56.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 280,781 shares of the aerospace company’s stock after selling 359,595 shares during the quarter. American Century Companies Inc. owned 0.20% of HEICO worth $66,753,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HEI. Compass Financial Services Inc acquired a new stake in HEICO in the 4th quarter worth approximately $26,000. Berbice Capital Management LLC purchased a new position in shares of HEICO in the fourth quarter worth $95,000. Brooklyn Investment Group acquired a new stake in shares of HEICO during the third quarter worth $128,000. SBI Securities Co. Ltd. purchased a new stake in shares of HEICO during the fourth quarter valued at $135,000. Finally, Householder Group Estate & Retirement Specialist LLC increased its position 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 acquiring an additional 543 shares during the period. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Price Performance

Shares of NYSE HEI opened at $271.24 on Wednesday. The firm has a fifty day moving average of $243.16 and a 200 day moving average of $251.58. HEICO Co. has a one year low of $185.03 and a one year high of $283.60. The firm has a market cap of $37.69 billion, a PE ratio of 74.11, a PEG 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 released its quarterly 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. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $983.10 million. As a group, research analysts predict that HEICO Co. will post 4.2 EPS for the current fiscal year.

Analyst Ratings Changes

HEI has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on 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 boosted their price objective on HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. William Blair restated an “outperform” rating on shares of HEICO in a research note on Tuesday. Finally, KeyCorp assumed coverage on HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating for the company. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, HEICO has a consensus rating of “Moderate Buy” and an average price target of $271.40.

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.