HEICO Co. (NYSE:HEI) Shares Sold by Ibex Wealth Advisors

Ibex Wealth Advisors lowered its holdings in HEICO Co. (NYSE:HEI) by 9.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,057 shares of the aerospace company’s stock after selling 2,024 shares during the quarter. Ibex Wealth Advisors’ holdings in HEICO were worth $4,768,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HEI. West Oak Capital LLC boosted its position in HEICO by 2,400.0% during the fourth quarter. West Oak Capital LLC now owns 2,750 shares of the aerospace company’s stock valued at $654,000 after purchasing an additional 2,640 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of HEICO by 3.7% during the 3rd quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock worth $94,885,000 after purchasing an additional 13,100 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of HEICO by 43.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,444 shares of the aerospace company’s stock valued at $1,057,000 after buying an additional 1,355 shares during the last quarter. Bright Rock Capital Management LLC bought a new stake in shares of HEICO in the 3rd quarter valued at approximately $1,830,000. Finally, Atom Investors LP acquired a new position in HEICO in the third quarter worth approximately $1,129,000. 27.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on HEI shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. UBS Group assumed coverage on shares of HEICO in a report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price objective for the company. Truist Financial lifted 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. Morgan Stanley raised their price target on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, KeyCorp started coverage on HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating for the company. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $270.20.

HEICO Price Performance

NYSE:HEI traded up $0.76 during trading hours on Wednesday, reaching $235.89. The company had a trading volume of 17,797 shares, compared to its average volume of 621,219. The firm has a market capitalization of $32.75 billion, a PE ratio of 64.47, a PEG ratio of 3.32 and a beta of 1.28. The stock has a 50-day moving average of $248.08 and a two-hundred day moving average of $249.75. HEICO Co. has a one year low of $178.20 and a one year high of $283.60. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI) last posted its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS. Analysts forecast that HEICO Co. will post 4.2 earnings per share for the current 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. This represents a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, January 3rd. HEICO’s payout ratio is currently 6.01%.

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.