SBI Securities Co. Ltd. Makes New $135,000 Investment in HEICO Co. (NYSE:HEI)

SBI Securities Co. Ltd. bought a new stake in shares of HEICO Co. (NYSE:HEI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 569 shares of the aerospace company’s stock, valued at approximately $135,000.

Other large investors have also modified their holdings of the company. Compass Financial Services Inc purchased a new position in shares of HEICO during the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. purchased a new position in shares of HEICO during the third quarter valued at approximately $81,000. Berbice Capital Management LLC purchased a new position in shares of HEICO during the fourth quarter valued at approximately $95,000. Brooklyn Investment Group purchased a new position in shares of HEICO during the third quarter valued at approximately $128,000. Finally, Householder Group Estate & Retirement Specialist LLC boosted its position in shares of HEICO by 476.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock valued at $156,000 after buying an additional 543 shares during the period. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Stock Down 0.0 %

HEICO stock opened at $263.17 on Friday. The business has a fifty day moving average of $235.97 and a two-hundred day moving average of $250.50. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. The firm has a market cap of $36.54 billion, a P/E ratio of 71.90, a P/E/G ratio of 3.10 and a beta of 1.26. HEICO Co. has a twelve month low of $182.47 and a twelve month high of $283.60.

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

HEICO Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a yield of 0.1%. HEICO’s dividend payout ratio is currently 5.45%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HEI. Truist Financial boosted their target price on HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday. KeyCorp began coverage on HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $271.40.

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.