HEICO Co. (NYSE:HEI) Shares Sold by AGF Management Ltd.

AGF Management Ltd. trimmed its stake in HEICO Co. (NYSE:HEI) by 2.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 937,685 shares of the aerospace company’s stock after selling 27,756 shares during the quarter. HEICO makes up 1.1% of AGF Management Ltd.’s holdings, making the stock its 20th largest holding. AGF Management Ltd. owned about 0.68% of HEICO worth $222,925,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Morse Asset Management Inc grew its holdings in shares of HEICO by 0.6% during the third quarter. Morse Asset Management Inc now owns 6,207 shares of the aerospace company’s stock valued at $1,623,000 after buying an additional 38 shares in the last quarter. Moran Wealth Management LLC boosted its stake in HEICO by 1.9% during the 4th quarter. Moran Wealth Management LLC now owns 2,687 shares of the aerospace company’s stock valued at $639,000 after purchasing an additional 51 shares during the period. Centaurus Financial Inc. boosted its stake in HEICO by 8.9% during the 3rd quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock valued at $191,000 after purchasing an additional 60 shares during the period. Moody Lynn & Lieberson LLC boosted its stake in HEICO by 1.6% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company’s stock valued at $1,011,000 after purchasing an additional 65 shares during the period. Finally, Bradley Foster & Sargent Inc. CT raised its holdings in HEICO by 2.4% in the 4th 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. 27.12% of the stock is currently owned by institutional investors and hedge funds.

HEICO Stock Down 2.3 %

Shares of HEI opened at $256.76 on Tuesday. The firm has a market capitalization of $35.68 billion, a price-to-earnings ratio of 70.15, a PEG ratio of 3.10 and a beta of 1.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The business’s fifty day moving average price is $236.75 and its two-hundred day moving average price is $250.86. HEICO Co. has a 52 week low of $182.47 and a 52 week high of $283.60.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.27. The firm had revenue of $1.03 billion for 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 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. Stockholders of record on Friday, January 3rd were given a $0.11 dividend. The ex-dividend date was Friday, January 3rd. This represents a dividend yield of 0.1%. HEICO’s dividend payout ratio is currently 5.45%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft cut 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. Truist Financial upped their price target on HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, KeyCorp started coverage on HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating for the company. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.