Nikko Asset Management Americas Inc. Sells 3,384 Shares of HEICO Co. (NYSE:HEI)

Nikko Asset Management Americas Inc. lowered its stake in shares of HEICO Co. (NYSE:HEI) by 17.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,685 shares of the aerospace company’s stock after selling 3,384 shares during the period. Nikko Asset Management Americas Inc.’s holdings in HEICO were worth $3,729,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HEI. Compass Financial Services Inc purchased a new stake in HEICO in the 4th quarter worth approximately $26,000. Berbice Capital Management LLC bought a new stake in shares of HEICO during the fourth quarter worth $95,000. Brooklyn Investment Group purchased a new position in shares of HEICO during the third quarter valued at $128,000. SBI Securities Co. Ltd. purchased a new position in shares of HEICO during the fourth quarter valued at $135,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its stake in HEICO by 476.3% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock valued at $156,000 after purchasing an additional 543 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HEI. Truist Financial raised their price target on HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. KeyCorp initiated coverage on HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research report 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $271.40.

HEICO Stock Up 2.1 %

HEI opened at $256.33 on Monday. The stock’s 50 day moving average price is $238.01 and its 200 day moving average price is $251.03. 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 $35.62 billion, a P/E ratio of 70.04, a P/E/G ratio of 3.10 and a beta of 1.26. HEICO Co. has a 12 month low of $185.03 and a 12 month high of $283.60.

HEICO (NYSE:HEI) last issued its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $983.10 million. As a group, research analysts predict that HEICO Co. will post 4.2 earnings per share for the current year.

HEICO Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid 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 presently 5.45%.

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.