Bradley Foster & Sargent Inc. CT Boosts Position in HEICO Co. (NYSE:HEI)

Bradley Foster & Sargent Inc. CT boosted its position in HEICO Co. (NYSE:HEI) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,805 shares of the aerospace company’s stock after purchasing an additional 67 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in HEICO were worth $667,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Fortress Financial Solutions LLC purchased a new position in shares of HEICO in the fourth quarter worth approximately $263,000. Compass Financial Services Inc bought a new position in HEICO in the fourth quarter worth approximately $26,000. EULAV Asset Management boosted its stake in shares of HEICO by 12.8% during the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock worth $107,861,000 after acquiring an additional 51,500 shares during the last quarter. Barrett & Company Inc. grew its position in shares of HEICO by 12.2% during the 4th quarter. Barrett & Company Inc. now owns 3,141 shares of the aerospace company’s stock valued at $747,000 after acquiring an additional 341 shares during the period. Finally, Longboard Asset Management LP purchased a new stake in shares of HEICO in the 4th quarter worth $242,000. 27.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HEI has been the subject of several recent research reports. KeyCorp began coverage on HEICO in a report on Thursday, January 16th. They set a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft cut 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. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $270.20.

HEICO Stock Up 0.2 %

NYSE HEI opened at $225.90 on Friday. HEICO Co. has a 12 month low of $182.47 and a 12 month high of $283.60. 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 stock has a market cap of $31.36 billion, a PE ratio of 61.72, a P/E/G ratio of 3.10 and a beta of 1.29. The stock’s 50 day moving average is $234.43 and its 200 day moving average is $249.53.

HEICO (NYSE:HEI) last released its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Research analysts predict that HEICO Co. will post 4.2 EPS for the current fiscal year.

HEICO Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given 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 is currently 6.01%.

HEICO Company 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.