Bradley Foster & Sargent Inc. CT Grows Stock Holdings in HEICO Co. (NYSE:HEI)

Bradley Foster & Sargent Inc. CT grew its holdings in HEICO Co. (NYSE:HEI) by 2.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,805 shares of the aerospace company’s stock after buying an additional 67 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in HEICO were worth $667,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Morse Asset Management Inc lifted its holdings in shares of HEICO by 0.6% in the 3rd quarter. Morse Asset Management Inc now owns 6,207 shares of the aerospace company’s stock valued at $1,623,000 after acquiring an additional 38 shares during the last quarter. Centaurus Financial Inc. lifted its stake in shares of HEICO by 8.9% in 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 last quarter. Moody Lynn & Lieberson LLC boosted its holdings in shares of HEICO by 1.6% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company’s stock worth $1,011,000 after purchasing an additional 65 shares during the period. MGB Wealth Management LLC boosted its holdings in shares of HEICO by 3.6% in the 3rd quarter. MGB Wealth Management LLC now owns 2,900 shares of the aerospace company’s stock worth $758,000 after purchasing an additional 100 shares during the period. Finally, Coldstream Capital Management Inc. increased its position in shares of HEICO by 6.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,719 shares of the aerospace company’s stock valued at $451,000 after purchasing an additional 106 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors.

HEICO Trading Up 0.2 %

Shares of NYSE:HEI opened at $225.90 on Friday. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. HEICO Co. has a 52-week low of $182.47 and a 52-week high of $283.60. The stock 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. The business has a 50-day moving average price of $234.43 and a 200-day moving average price of $249.53.

HEICO (NYSE:HEI) last posted its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. The firm 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%. HEICO’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $0.74 earnings per share. Equities analysts predict that HEICO Co. will post 4.2 EPS 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 paid a $0.11 dividend. The ex-dividend date was Friday, January 3rd. This represents a yield of 0.1%. HEICO’s dividend payout ratio is currently 6.01%.

Analysts Set New Price Targets

HEI has been the subject of a number of analyst reports. KeyCorp initiated coverage on HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft lowered their target price on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.