HEICO Co. (NYSE:HEI) is Cutter & CO Brokerage Inc.’s 5th Largest Position

Cutter & CO Brokerage Inc. boosted its stake in shares of HEICO Co. (NYSE:HEI) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,460 shares of the aerospace company’s stock after buying an additional 4,504 shares during the period. HEICO accounts for about 3.7% of Cutter & CO Brokerage Inc.’s investment portfolio, making the stock its 5th biggest holding. Cutter & CO Brokerage Inc.’s holdings in HEICO were worth $15,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. EULAV Asset Management lifted its holdings in HEICO by 12.8% during the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock worth $107,861,000 after buying an additional 51,500 shares during the period. Two Sigma Advisers LP lifted its holdings in HEICO by 3.7% during the third quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock worth $94,885,000 after buying an additional 13,100 shares during the period. Vantage Investment Partners LLC lifted its holdings in HEICO by 31.0% during the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company’s stock worth $38,127,000 after buying an additional 37,943 shares during the period. MinichMacGregor Wealth Management LLC lifted its holdings in HEICO by 5.3% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 34,764 shares of the aerospace company’s stock worth $8,265,000 after buying an additional 1,746 shares during the period. Finally, Clear Harbor Asset Management LLC lifted its holdings in HEICO by 0.9% during the fourth quarter. Clear Harbor Asset Management LLC now owns 23,073 shares of the aerospace company’s stock worth $5,485,000 after buying an additional 217 shares during the period. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Price Performance

NYSE HEI opened at $227.69 on Wednesday. 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 stock’s fifty day moving average price is $233.12 and its 200 day moving average price is $249.60. HEICO Co. has a 1 year low of $182.47 and a 1 year high of $283.60. The company has a market cap of $31.61 billion, a price-to-earnings ratio of 62.21, a PEG ratio of 3.10 and a beta of 1.29.

HEICO (NYSE:HEI) last released its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm earned $0.74 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts forecast that HEICO Co. will post 4.2 earnings per share for the current year.

HEICO Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. KeyCorp assumed coverage on HEICO in a report on Thursday, January 16th. They set a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.