Bell Bank Has $1.73 Million Holdings in HEICO Co. (NYSE:HEI)

Bell Bank lessened its stake in shares of HEICO Co. (NYSE:HEI) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,283 shares of the aerospace company’s stock after selling 115 shares during the quarter. Bell Bank’s holdings in HEICO were worth $1,731,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HEI. Hennion & Walsh Asset Management Inc. boosted its position in HEICO by 26.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 3,089 shares of the aerospace company’s stock valued at $808,000 after buying an additional 645 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in HEICO during the 3rd quarter valued at $4,502,000. Global Trust Asset Management LLC bought a new position in HEICO in the 3rd quarter valued at $144,000. Moody Lynn & Lieberson LLC boosted its stake in HEICO by 1.8% in the third quarter. Moody Lynn & Lieberson LLC now owns 4,186 shares of the aerospace company’s stock worth $1,095,000 after purchasing an additional 73 shares in the last quarter. Finally, HWG Holdings LP grew its holdings in shares of HEICO by 5.2% during the third quarter. HWG Holdings LP now owns 15,444 shares of the aerospace company’s stock worth $4,038,000 after purchasing an additional 760 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

Analyst Ratings Changes

HEI has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th. KeyCorp assumed coverage on shares of HEICO in a research note 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.20.

HEICO Stock Performance

HEI stock opened at $225.90 on Friday. HEICO Co. has a twelve month low of $182.47 and a twelve month 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. The company has a market cap of $31.36 billion, a P/E ratio of 61.72, a price-to-earnings-growth ratio of 3.05 and a beta of 1.29. The business’s fifty day moving average is $234.43 and its 200-day moving average is $249.38.

HEICO (NYSE:HEI) last issued 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. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.74 earnings per share. Equities research analysts forecast that HEICO Co. will post 4.2 EPS for the current year.

HEICO Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Shareholders 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 yield of 0.1%. HEICO’s dividend payout ratio (DPR) is presently 6.01%.

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.