Hennion & Walsh Asset Management Inc. Buys 1,355 Shares of HEICO Co. (NYSE:HEI)

Hennion & Walsh Asset Management Inc. boosted its stake in HEICO Co. (NYSE:HEI) by 43.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,444 shares of the aerospace company’s stock after purchasing an additional 1,355 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in HEICO were worth $1,057,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Seven Eight Capital LP bought a new position in shares of HEICO during the 2nd quarter valued at approximately $423,000. Morse Asset Management Inc raised its stake in HEICO by 3.7% during the second quarter. Morse Asset Management Inc now owns 6,169 shares of the aerospace company’s stock valued at $1,379,000 after purchasing an additional 221 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of HEICO in the 2nd quarter worth $2,037,000. AXA S.A. increased its holdings in shares of HEICO by 11.0% in the 2nd quarter. AXA S.A. now owns 101,980 shares of the aerospace company’s stock worth $22,804,000 after buying an additional 10,143 shares during the last quarter. Finally, Scientech Research LLC purchased a new stake in shares of HEICO during the 2nd quarter valued at about $534,000. Institutional investors own 27.12% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on HEI. UBS Group began coverage on HEICO in a research note on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut their target price on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. KeyCorp assumed coverage on HEICO in a research report on Thursday. They issued a “sector weight” rating for the company. Truist Financial increased their target price on shares of HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Morgan Stanley lifted their price target on shares of HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $270.20.

HEICO Price Performance

HEICO stock opened at $236.87 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. The stock has a market cap of $32.88 billion, a price-to-earnings ratio of 64.72, a price-to-earnings-growth ratio of 3.08 and a beta of 1.28. The firm has a 50-day moving average of $252.65 and a two-hundred day moving average of $249.21. HEICO Co. has a 1 year low of $171.14 and a 1 year high of $283.60.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.02. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the firm earned $0.74 earnings per share. HEICO’s revenue was up 8.2% compared to the same quarter last year. On average, research analysts forecast that HEICO Co. will post 4.21 earnings per share for the current year.

HEICO Dividend Announcement

The firm 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. This represents a yield of 0.1%. The ex-dividend date of this dividend was Friday, January 3rd. HEICO’s payout ratio is 6.01%.

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.