Nikko Asset Management Americas Inc. Sells 3,384 Shares of HEICO Co. (NYSE:HEI)

Nikko Asset Management Americas Inc. lowered its position in HEICO Co. (NYSE:HEI) by 17.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,685 shares of the aerospace company’s stock after selling 3,384 shares during the quarter. Nikko Asset Management Americas Inc.’s holdings in HEICO were worth $3,729,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HEI. Compass Financial Services Inc bought a new position in HEICO in the 4th quarter worth approximately $26,000. Berbice Capital Management LLC bought a new position in HEICO in the 4th quarter worth approximately $95,000. Brooklyn Investment Group bought a new stake in shares of HEICO during the 3rd quarter valued at $128,000. SBI Securities Co. Ltd. bought a new stake in shares of HEICO during the 4th quarter valued at $135,000. Finally, Householder Group Estate & Retirement Specialist LLC raised its position in shares of HEICO by 476.3% during 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 last quarter. Institutional investors own 27.12% of the company’s stock.

Analyst Ratings Changes

HEI has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft dropped 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. Truist Financial boosted their price target on shares of 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 shares of HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating for the company. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.40.

HEICO Price Performance

Shares of NYSE HEI opened at $256.33 on Monday. HEICO Co. has a twelve month low of $185.03 and a twelve month high of $283.60. 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 company has a market capitalization of $35.62 billion, a PE ratio of 70.04, a P/E/G ratio of 3.10 and a beta of 1.26. The firm has a fifty day simple moving average of $238.01 and a 200 day simple moving average of $251.03.

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

HEICO Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a dividend of $0.11 per share. This represents a yield of 0.1%. The ex-dividend date of this dividend was Friday, January 3rd. HEICO’s dividend payout ratio (DPR) is presently 5.45%.

About HEICO

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.