Fortress Financial Solutions LLC Invests $263,000 in HEICO Co. (NYSE:HEI)

Fortress Financial Solutions LLC purchased a new stake in HEICO Co. (NYSE:HEI) in the 4th quarter, HoldingsChannel reports. The fund purchased 1,105 shares of the aerospace company’s stock, valued at approximately $263,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HEI. Compass Financial Services Inc purchased a new stake in shares of HEICO in the fourth quarter valued at $26,000. Rakuten Securities Inc. acquired a new position in HEICO during the third quarter valued at $81,000. Berbice Capital Management LLC acquired a new stake in HEICO during the 4th quarter worth about $95,000. Brooklyn Investment Group purchased a new position in HEICO during the 3rd quarter valued at about $128,000. Finally, Global Trust Asset Management LLC acquired a new position in shares of HEICO in the 3rd quarter valued at about $144,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

HEICO Price Performance

Shares of NYSE:HEI opened at $232.11 on Wednesday. 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 capitalization of $32.22 billion, a P/E ratio of 63.42, a P/E/G ratio of 3.19 and a beta of 1.29. The business has a 50-day moving average of $240.42 and a two-hundred day moving average of $250.30. HEICO Co. has a fifty-two week low of $182.47 and a fifty-two week high of $283.60.

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

HEICO Dividend Announcement

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 was Friday, January 3rd. This represents a dividend yield of 0.1%. HEICO’s payout ratio is presently 6.01%.

Analysts Set New Price Targets

Several research firms recently commented on HEI. Truist Financial raised their price target 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 lifted their target price on shares of HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. KeyCorp started coverage on HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating for the company. Finally, UBS Group assumed coverage on HEICO in a research report on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 target price on the stock. Four equities research 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, HEICO has a consensus rating of “Moderate Buy” and a consensus target price of $270.20.

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.