Magnus Financial Group LLC Buys Shares of 1,007 HEICO Co. (NYSE:HEI)

Magnus Financial Group LLC purchased a new position in shares of HEICO Co. (NYSE:HEI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,007 shares of the aerospace company’s stock, valued at approximately $239,000.

A number of other large investors have also modified their holdings of the company. EULAV Asset Management boosted its stake in HEICO by 5.0% during the 3rd quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock valued at $105,165,000 after purchasing an additional 19,200 shares during the period. Two Sigma Advisers LP boosted its position in shares of 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. Driehaus Capital Management LLC increased its position in HEICO by 66.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after acquiring an additional 77,067 shares during the period. Vantage Investment Partners LLC raised its stake in HEICO by 1.4% during the 3rd quarter. Vantage Investment Partners LLC now owns 122,430 shares of the aerospace company’s stock valued at $32,013,000 after acquiring an additional 1,717 shares in the last quarter. Finally, AXA S.A. boosted its position in HEICO by 11.0% during the 2nd quarter. AXA S.A. now owns 101,980 shares of the aerospace company’s stock worth $22,804,000 after acquiring an additional 10,143 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.

HEICO Stock Performance

HEI opened at $238.33 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. The firm has a market cap of $33.09 billion, a PE ratio of 65.12, a P/E/G ratio of 3.29 and a beta of 1.28. The business has a fifty day simple moving average of $250.22 and a 200-day simple moving average of $249.23. HEICO Co. has a fifty-two week low of $178.20 and a fifty-two week high of $283.60.

HEICO (NYSE:HEI) last issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business posted $0.74 EPS. HEICO’s revenue was up 8.2% on a year-over-year basis. As a group, equities analysts predict that HEICO Co. will post 4.21 EPS for the current fiscal year.

HEICO Dividend Announcement

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

Wall Street Analysts Forecast Growth

HEI has been the topic of a number of recent analyst reports. KeyCorp began coverage on shares of HEICO in a research note on Thursday, January 16th. They set a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. UBS Group began coverage on shares of HEICO in a research note on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price objective on the stock. Morgan Stanley upped their target price on HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Finally, Truist Financial lifted their price target on HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research report on Friday, October 18th. 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, HEICO has a consensus rating of “Moderate Buy” and an average price target 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.