Fisher Asset Management LLC Buys 66,583 Shares of HEICO Co. (NYSE:HEI)

Fisher Asset Management LLC raised its holdings in shares of HEICO Co. (NYSE:HEI) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 415,542 shares of the aerospace company’s stock after purchasing an additional 66,583 shares during the period. Fisher Asset Management LLC’s holdings in HEICO were worth $98,791,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HEI. Compass Financial Services Inc purchased a new stake in HEICO in the fourth quarter worth approximately $26,000. Rakuten Securities Inc. bought a new stake in HEICO in the 3rd quarter valued at $81,000. Berbice Capital Management LLC bought a new stake in HEICO in the 4th quarter valued at $95,000. Brooklyn Investment Group bought a new stake in HEICO in the 3rd quarter valued at $128,000. Finally, Arcadia Investment Management Corp MI bought a new stake in HEICO in the 3rd quarter valued at $157,000. Institutional investors own 27.12% of the company’s stock.

HEICO Price Performance

Shares of NYSE HEI opened at $264.75 on Friday. The firm has a 50-day simple moving average of $233.88 and a 200-day simple moving average of $249.83. The stock has a market capitalization of $36.76 billion, a price-to-earnings ratio of 72.34, a price-to-earnings-growth ratio of 3.10 and a beta of 1.29. 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 Co. has a 52 week low of $182.47 and a 52 week high of $283.60.

HEICO (NYSE:HEI) last released its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.27. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $983.10 million. On average, equities analysts predict that HEICO Co. will post 4.2 earnings per share 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. This represents a dividend yield of 0.1%. The ex-dividend date was Friday, January 3rd. HEICO’s payout ratio is 5.45%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HEI. Deutsche Bank Aktiengesellschaft reduced their price target on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. KeyCorp began coverage on shares of HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.