Snider Financial Group Acquires 71 Shares of HEICO Co. (NYSE:HEI)

Snider Financial Group lifted its holdings in HEICO Co. (NYSE:HEI) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,438 shares of the aerospace company’s stock after acquiring an additional 71 shares during the quarter. Snider Financial Group’s holdings in HEICO were worth $2,719,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HEI. Robeco Institutional Asset Management B.V. boosted its position in HEICO by 79.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 10,662 shares of the aerospace company’s stock valued at $2,788,000 after acquiring an additional 4,712 shares in the last quarter. TFB Advisors LLC acquired a new stake in HEICO in the third quarter valued at approximately $333,000. SpiderRock Advisors LLC increased its position in HEICO by 498.1% during the 3rd quarter. SpiderRock Advisors LLC now owns 15,490 shares of the aerospace company’s stock valued at $4,050,000 after buying an additional 12,900 shares in the last quarter. Vantage Investment Partners LLC raised its holdings in shares of HEICO by 1.4% in the third quarter. Vantage Investment Partners LLC now owns 122,430 shares of the aerospace company’s stock worth $32,013,000 after buying an additional 1,717 shares during the last quarter. Finally, Rakuten Securities Inc. acquired a new stake in shares of HEICO during the third quarter worth about $81,000. 27.12% of the stock is currently owned by institutional investors.

HEICO Trading Down 0.2 %

NYSE HEI opened at $265.37 on Wednesday. HEICO Co. has a 52 week low of $182.47 and a 52 week high of $283.60. The stock has a market capitalization of $36.84 billion, a PE ratio of 72.50, a price-to-earnings-growth ratio of 3.10 and a beta of 1.29. 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 50 day moving average of $234.94 and a two-hundred day moving average of $250.28.

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

HEICO Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have weighed in on HEI shares. KeyCorp began coverage on shares of HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft decreased their target price 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. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $270.20.

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.