TCW Group Inc. Sells 21,855 Shares of HEICO Co. (NYSE:HEI)

TCW Group Inc. lowered its position in shares of HEICO Co. (NYSE:HEI) by 11.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,270 shares of the aerospace company’s stock after selling 21,855 shares during the period. TCW Group Inc. owned approximately 0.12% of HEICO worth $39,767,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Navellier & Associates Inc. increased its position in shares of HEICO by 31.0% during the fourth quarter. Navellier & Associates Inc. now owns 3,158 shares of the aerospace company’s stock valued at $751,000 after acquiring an additional 748 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its position in shares of HEICO by 2.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,805 shares of the aerospace company’s stock valued at $667,000 after acquiring an additional 67 shares in the last quarter. Fortress Financial Solutions LLC bought a new stake in shares of HEICO during the fourth quarter valued at approximately $263,000. Compass Financial Services Inc bought a new stake in shares of HEICO during the fourth quarter valued at approximately $26,000. Finally, EULAV Asset Management increased its position in shares of HEICO by 12.8% during the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock valued at $107,861,000 after acquiring an additional 51,500 shares in the last quarter. Institutional investors own 27.12% of the company’s stock.

HEICO Trading Up 0.2 %

Shares of HEI stock opened at $225.90 on Friday. HEICO Co. has a 1 year low of $182.47 and a 1 year high of $283.60. The firm has a fifty day moving average price of $234.43 and a 200-day moving average price of $249.53. 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 has a market cap of $31.36 billion, a price-to-earnings ratio of 61.72, a PEG ratio of 3.10 and a beta of 1.29.

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, beating analysts’ consensus estimates of $0.97 by $0.02. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities analysts predict that HEICO Co. will post 4.2 earnings per share for the current year.

HEICO Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid 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 (DPR) is 6.01%.

Analyst Ratings Changes

A number of research firms have commented on HEI. KeyCorp began coverage on shares of HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft cut their target price 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. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, HEICO currently has an average rating of “Moderate Buy” and a consensus target price 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.