Williamson Legacy Group LLC Acquires 313 Shares of HEICO Co. (NYSE:HEI)

Williamson Legacy Group LLC boosted its position in shares of HEICO Co. (NYSE:HEI) by 11.2% during the 4th quarter, HoldingsChannel reports. The fund owned 3,104 shares of the aerospace company’s stock after buying an additional 313 shares during the quarter. Williamson Legacy Group LLC’s holdings in HEICO were worth $738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HEI. Fisher Asset Management LLC increased its stake in HEICO by 19.1% during the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock valued at $98,791,000 after acquiring an additional 66,583 shares during the period. EULAV Asset Management increased its stake in HEICO by 12.8% during the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock valued at $107,861,000 after acquiring an additional 51,500 shares during the period. Vantage Investment Partners LLC increased its stake in HEICO by 31.0% during the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company’s stock valued at $38,127,000 after acquiring an additional 37,943 shares during the period. Quantbot Technologies LP increased its stake in HEICO by 424.1% during the third quarter. Quantbot Technologies LP now owns 18,801 shares of the aerospace company’s stock valued at $4,916,000 after acquiring an additional 15,214 shares during the period. Finally, Integrated Investment Consultants LLC increased its stake in HEICO by 734.2% during the third quarter. Integrated Investment Consultants LLC now owns 16,942 shares of the aerospace company’s stock valued at $4,430,000 after acquiring an additional 14,911 shares during the period. 27.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HEI. Deutsche Bank Aktiengesellschaft lowered their price target on 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 note on Thursday, January 16th. They issued a “sector weight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $270.20.

HEICO Trading Up 2.2 %

HEI stock opened at $264.75 on Friday. The firm has a market cap of $36.76 billion, a P/E ratio of 72.34, a P/E/G ratio of 3.10 and a beta of 1.29. 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 1-year low of $182.47 and a 1-year high of $283.60. The business’s 50 day moving average is $233.88 and its 200-day moving average is $249.72.

HEICO (NYSE:HEI) last announced 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. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. Equities analysts anticipate that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

HEICO Dividend Announcement

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 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.