Carderock Capital Management Inc. Has $8.70 Million Stake in HEICO Co. (NYSE:HEI)

Carderock Capital Management Inc. decreased its holdings in shares of HEICO Co. (NYSE:HEI) by 1.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 36,572 shares of the aerospace company’s stock after selling 689 shares during the quarter. HEICO makes up about 2.2% of Carderock Capital Management Inc.’s portfolio, making the stock its 19th largest position. Carderock Capital Management Inc.’s holdings in HEICO were worth $8,695,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. EULAV Asset Management grew its position in HEICO by 5.0% during the third quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock worth $105,165,000 after buying an additional 19,200 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of HEICO by 3.7% in the 3rd 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 during the period. Driehaus Capital Management LLC grew its holdings in shares of HEICO by 66.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock worth $43,357,000 after purchasing an additional 77,067 shares in the last quarter. Vantage Investment Partners LLC increased its position 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 purchasing an additional 1,717 shares during the period. Finally, AXA S.A. raised its stake in shares of HEICO by 11.0% in the second quarter. AXA S.A. now owns 101,980 shares of the aerospace company’s stock valued at $22,804,000 after purchasing an additional 10,143 shares in the last quarter. 27.12% of the stock is owned by institutional investors.

HEICO Trading Up 0.5 %

HEI stock opened at $236.87 on Friday. The business has a fifty day moving average price of $252.65 and a 200 day moving average price of $248.89. 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 fifty-two week low of $171.14 and a fifty-two week high of $283.60. The stock has a market capitalization of $32.88 billion, a price-to-earnings ratio of 64.72, a P/E/G ratio of 3.08 and a beta of 1.28.

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

HEICO Dividend Announcement

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

Analysts Set New Price Targets

HEI has been the topic of several analyst reports. KeyCorp started coverage on shares of HEICO in a report on Thursday. They issued a “sector weight” rating on the stock. Truist Financial upped 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. UBS Group initiated coverage on shares of 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 on the stock in a research note on Thursday, December 19th. Finally, Morgan Stanley raised their target price on HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.