AlphaQuest LLC Invests $702,000 in HEICO Co. (NYSE:HEI)

AlphaQuest LLC acquired a new position in HEICO Co. (NYSE:HEI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,953 shares of the aerospace company’s stock, valued at approximately $702,000.

A number of other hedge funds have also recently made changes to their positions in HEI. Compass Financial Services Inc bought a new position in shares of HEICO in the fourth quarter worth about $26,000. Rakuten Securities Inc. purchased a new stake in shares of HEICO in the third quarter worth about $81,000. Berbice Capital Management LLC purchased a new stake in shares of HEICO in the fourth quarter worth about $95,000. Brooklyn Investment Group purchased a new stake in shares of HEICO in the third quarter worth about $128,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of HEICO in the fourth quarter worth about $135,000. Institutional investors own 27.12% of the company’s stock.

HEICO Trading Down 1.1 %

Shares of HEI stock opened at $253.69 on Wednesday. HEICO Co. has a 1 year low of $182.47 and a 1 year high of $283.60. 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’s 50 day simple moving average is $237.07 and its two-hundred day simple moving average is $250.91. The company has a market cap of $35.25 billion, a PE ratio of 69.32, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26.

HEICO (NYSE:HEI) last issued its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. Research analysts predict that HEICO Co. will post 4.2 earnings per share for the current year.

HEICO Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, January 17th. Stockholders 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 payout ratio is 5.45%.

Wall Street Analysts Forecast Growth

HEI has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased 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. Truist Financial boosted their target price on HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, KeyCorp initiated coverage on HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock 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.