MinichMacGregor Wealth Management LLC Buys 1,746 Shares of HEICO Co. (NYSE:HEI)

MinichMacGregor Wealth Management LLC increased its stake in shares of HEICO Co. (NYSE:HEI) by 5.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 34,764 shares of the aerospace company’s stock after purchasing an additional 1,746 shares during the quarter. HEICO makes up 1.7% of MinichMacGregor Wealth Management LLC’s holdings, making the stock its 26th biggest position. MinichMacGregor Wealth Management LLC’s holdings in HEICO were worth $8,265,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in shares of HEICO in the 2nd quarter worth about $2,037,000. AXA S.A. lifted its stake in HEICO by 11.0% in the second quarter. AXA S.A. now owns 101,980 shares of the aerospace company’s stock worth $22,804,000 after purchasing an additional 10,143 shares during the last quarter. Scientech Research LLC bought a new stake in HEICO in the second quarter worth about $534,000. Security National Bank of SO Dak purchased a new position in shares of HEICO during the second quarter valued at approximately $206,000. Finally, Driehaus Capital Management LLC grew its stake in shares of HEICO by 66.0% during the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after buying an additional 77,067 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors.

HEICO Stock Performance

Shares of NYSE:HEI opened at $241.38 on Thursday. 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 $33.51 billion, a price-to-earnings ratio of 65.95, a price-to-earnings-growth ratio of 3.29 and a beta of 1.28. The firm has a 50 day moving average of $251.00 and a 200 day moving average of $249.31. HEICO Co. has a 52 week low of $178.20 and a 52 week high of $283.60.

HEICO (NYSE:HEI) last issued its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the business posted $0.74 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts predict that HEICO Co. will post 4.21 earnings per share for the current fiscal year.

HEICO Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued a $0.11 dividend. This represents a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, January 3rd. HEICO’s dividend payout ratio is currently 6.01%.

Analyst Upgrades and Downgrades

HEI has been the subject of a number of recent analyst reports. UBS Group assumed coverage on HEICO in a report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price objective for the company. Morgan Stanley upped their price target on shares of HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. KeyCorp initiated coverage on shares of HEICO in a report on Thursday, January 16th. They set a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft dropped their target price on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, Truist Financial lifted their price target on shares of HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $270.20.

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.