Bath Savings Trust Co Trims Stake in HEICO Co. (NYSE:HEI)

Bath Savings Trust Co trimmed its stake in shares of HEICO Co. (NYSE:HEI) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,738 shares of the aerospace company’s stock after selling 870 shares during the quarter. Bath Savings Trust Co’s holdings in HEICO were worth $9,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Andra AP fonden acquired a new position in HEICO in the 2nd quarter valued at $45,000. Rakuten Securities Inc. acquired a new stake in shares of HEICO in the 3rd quarter worth approximately $81,000. Brooklyn Investment Group purchased a new position in HEICO in the 3rd quarter valued at approximately $128,000. Global Trust Asset Management LLC purchased a new stake in HEICO during the third quarter worth $144,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in HEICO in the third quarter valued at $157,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at HEICO

In other HEICO news, Director Alan Schriesheim acquired 724 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was bought at an average cost of $262.94 per share, for a total transaction of $190,368.56. Following the completion of the purchase, the director now directly owns 174,878 shares in the company, valued at $45,982,421.32. This represents a 0.42 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Victor H. Mendelson bought 726 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was acquired at an average cost of $262.94 per share, for a total transaction of $190,894.44. Following the purchase, the insider now owns 1,234,950 shares in the company, valued at approximately $324,717,753. This trade represents a 0.06 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 2,175 shares of company stock worth $571,895. 8.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HEI shares. Bank of America increased their price objective on shares of HEICO from $250.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Truist Financial increased their price target on shares of HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft cut their price objective on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Morgan Stanley increased their target price on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, UBS Group assumed coverage on HEICO in a report on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price target for the company. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $270.20.

HEICO Trading Down 0.1 %

NYSE:HEI traded down $0.12 during mid-day trading on Tuesday, reaching $229.48. The company’s stock had a trading volume of 165,389 shares, compared to its average volume of 393,230. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47. The stock has a market cap of $31.86 billion, a P/E ratio of 67.30, a P/E/G ratio of 3.12 and a beta of 1.28. The company’s fifty day simple moving average is $256.69 and its two-hundred day simple moving average is $249.00. HEICO Co. has a twelve month low of $169.70 and a twelve month high of $283.60.

HEICO (NYSE:HEI) last released its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. HEICO had a net margin of 12.64% and a return on equity of 14.51%. HEICO’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 earnings per share. On average, equities analysts predict that HEICO Co. will post 3.64 EPS for the current year.

HEICO Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a $0.11 dividend. This represents a dividend yield of 0.1%. The ex-dividend date is Friday, January 3rd. HEICO’s dividend payout ratio (DPR) is currently 6.01%.

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.