Berbice Capital Management LLC Makes New $95,000 Investment in HEICO Co. (NYSE:HEI)

Berbice Capital Management LLC acquired a new stake in shares of HEICO Co. (NYSE:HEI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 400 shares of the aerospace company’s stock, valued at approximately $95,000.

Other large investors also recently bought and sold shares of the company. West Oak Capital LLC grew its stake in HEICO by 2,400.0% during the 4th quarter. West Oak Capital LLC now owns 2,750 shares of the aerospace company’s stock valued at $654,000 after acquiring an additional 2,640 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of HEICO by 3.7% in the 3rd quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock valued at $94,885,000 after buying an additional 13,100 shares during the period. Driehaus Capital Management LLC grew its stake in shares of HEICO by 66.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after buying an additional 77,067 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of HEICO by 43.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,444 shares of the aerospace company’s stock valued at $1,057,000 after buying an additional 1,355 shares during the period. Finally, Bright Rock Capital Management LLC purchased a new stake in shares of HEICO in the 3rd quarter valued at approximately $1,830,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Stock Performance

Shares of HEI stock opened at $236.41 on Friday. The stock’s 50-day moving average is $250.22 and its two-hundred day moving average is $249.23. The firm has a market cap of $32.82 billion, a price-to-earnings ratio of 64.59, a PEG ratio of 3.32 and a beta of 1.28. HEICO Co. has a 1 year low of $178.20 and a 1 year high of $283.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11.

HEICO (NYSE:HEI) last issued its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.02. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 earnings per share. Analysts predict that HEICO Co. will post 4.2 earnings per share for the current year.

HEICO Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a dividend of $0.11 per share. This represents a dividend yield of 0.1%. The ex-dividend date was Friday, January 3rd. HEICO’s dividend payout ratio is currently 6.01%.

Wall Street Analyst Weigh In

HEI has been the topic of several recent analyst reports. KeyCorp began coverage on shares of HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their target price 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. UBS Group began coverage on shares of HEICO in a report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 target price on the stock. Morgan Stanley increased their target price on shares of HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Finally, Truist Financial lifted their price objective on shares of HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.