MinichMacGregor Wealth Management LLC Grows Stock Holdings in HEICO Co. (NYSE:HEI)

MinichMacGregor Wealth Management LLC increased its position in HEICO Co. (NYSE:HEI) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,764 shares of the aerospace company’s stock after acquiring an additional 1,746 shares during the period. HEICO comprises about 1.7% of MinichMacGregor Wealth Management LLC’s investment portfolio, making the stock its 26th biggest holding. MinichMacGregor Wealth Management LLC’s holdings in HEICO were worth $8,265,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Rakuten Securities Inc. bought a new stake in shares of HEICO during the 3rd quarter valued at about $81,000. Brooklyn Investment Group bought a new stake in HEICO during the third quarter valued at approximately $128,000. Global Trust Asset Management LLC purchased a new stake in HEICO during the third quarter valued at approximately $144,000. Arcadia Investment Management Corp MI bought a new position in HEICO in the third quarter worth approximately $157,000. Finally, Householder Group Estate & Retirement Specialist LLC boosted its stake in shares of HEICO by 476.3% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock worth $156,000 after acquiring an additional 543 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Price Performance

NYSE:HEI opened at $241.38 on Thursday. The company has a market capitalization of $33.51 billion, a P/E ratio of 65.95, a P/E/G ratio of 3.29 and a beta of 1.28. The business’s 50-day moving average is $251.00 and its 200 day moving average is $249.31. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. HEICO Co. has a 12 month low of $178.20 and a 12 month high of $283.60.

HEICO (NYSE:HEI) last issued its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.02. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the firm earned $0.74 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities research analysts forecast that HEICO Co. will post 4.21 earnings per share for the current fiscal year.

HEICO Announces Dividend

The firm also recently announced 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 dividend payout ratio (DPR) is presently 6.01%.

Analysts Set New Price Targets

A number of brokerages recently commented on HEI. 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 report on Thursday, December 19th. Morgan Stanley raised their price objective on HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Truist Financial increased their target price on shares of HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a report on Friday, October 18th. UBS Group started coverage on shares of HEICO in a report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price target on the stock. Finally, KeyCorp initiated coverage on shares of HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $270.20.

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.