Duncker Streett & Co. Inc. Has $10.06 Million Stock Holdings in HEICO Co. (NYSE:HEI)

Duncker Streett & Co. Inc. trimmed its stake in shares of HEICO Co. (NYSE:HEI) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,327 shares of the aerospace company’s stock after selling 288 shares during the quarter. HEICO makes up about 1.9% of Duncker Streett & Co. Inc.’s portfolio, making the stock its 12th largest holding. Duncker Streett & Co. Inc.’s holdings in HEICO were worth $10,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in HEI. Compass Financial Services Inc acquired a new position in HEICO during the 4th quarter worth approximately $26,000. Rakuten Securities Inc. acquired a new position in HEICO during the 3rd quarter worth approximately $81,000. Berbice Capital Management LLC acquired a new position in HEICO during the 4th quarter worth approximately $95,000. Brooklyn Investment Group acquired a new position in HEICO in the 3rd quarter valued at approximately $128,000. Finally, Householder Group Estate & Retirement Specialist LLC increased its position in HEICO by 476.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock valued at $156,000 after acquiring an additional 543 shares during the period. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. KeyCorp assumed coverage on shares of HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $270.20.

HEICO Stock Up 2.2 %

HEI opened at $264.75 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. The company’s 50-day moving average is $233.88 and its 200 day moving average is $249.83. HEICO Co. has a fifty-two week low of $182.47 and a fifty-two week high of $283.60. The firm has a market capitalization of $36.76 billion, a P/E ratio of 72.34, a PEG ratio of 3.10 and a beta of 1.29.

HEICO (NYSE:HEI) last released its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.27. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. Research analysts expect that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

HEICO Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given 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 payout ratio is currently 5.45%.

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.