Householder Group Estate & Retirement Specialist LLC Buys 543 Shares of HEICO Co. (NYSE:HEI)

Householder Group Estate & Retirement Specialist LLC increased its stake in shares of HEICO Co. (NYSE:HEI) by 476.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 657 shares of the aerospace company’s stock after acquiring an additional 543 shares during the quarter. Householder Group Estate & Retirement Specialist LLC’s holdings in HEICO were worth $156,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. EULAV Asset Management boosted its position in shares of HEICO by 5.0% during the 3rd quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock worth $105,165,000 after purchasing an additional 19,200 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in HEICO by 3.7% in the third 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 in the last quarter. Driehaus Capital Management LLC grew its stake in HEICO by 66.0% in the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after acquiring an additional 77,067 shares during the period. Vantage Investment Partners LLC increased its holdings in shares of HEICO by 1.4% during the third quarter. Vantage Investment Partners LLC now owns 122,430 shares of the aerospace company’s stock valued at $32,013,000 after acquiring an additional 1,717 shares in the last quarter. Finally, AXA S.A. raised its position in shares of HEICO by 11.0% during the second quarter. AXA S.A. now owns 101,980 shares of the aerospace company’s stock worth $22,804,000 after purchasing an additional 10,143 shares during the period. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

HEICO Stock Performance

Shares of HEICO stock opened at $236.87 on Friday. The firm 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. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The business’s fifty day simple moving average is $252.65 and its 200 day simple moving average is $248.89. HEICO Co. has a 12 month low of $171.14 and a 12 month high of $283.60.

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

HEICO Dividend Announcement

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