Cynosure Group LLC Has $303,000 Position in HEICO Co. (NYSE:HEI)

Cynosure Group LLC lessened its holdings in shares of HEICO Co. (NYSE:HEI) by 6.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,276 shares of the aerospace company’s stock after selling 94 shares during the period. Cynosure Group LLC’s holdings in HEICO were worth $303,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HEI. Compass Financial Services Inc acquired a new position in shares of HEICO during the fourth quarter worth approximately $26,000. Berbice Capital Management LLC acquired a new position in HEICO during the 4th quarter valued at $95,000. SBI Securities Co. Ltd. acquired a new stake in HEICO in the 4th quarter worth $135,000. Householder Group Estate & Retirement Specialist LLC increased its holdings 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 worth $156,000 after purchasing an additional 543 shares during the period. Finally, Legacy Wealth Management LLC MS acquired a new position in shares of HEICO during the third quarter valued at about $214,000. Institutional investors own 27.12% of the company’s stock.

HEICO Stock Up 0.0 %

Shares of NYSE:HEI opened at $270.22 on Thursday. The company has a market capitalization of $37.55 billion, a PE ratio of 73.83, a P/E/G ratio of 3.10 and a beta of 1.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The company’s fifty day moving average is $247.00 and its 200-day moving average is $252.13. HEICO Co. has a 52 week low of $185.03 and a 52 week high of $283.60.

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, topping the consensus estimate of $0.93 by $0.27. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $983.10 million. Equities research analysts predict that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HEI shares. Deutsche Bank Aktiengesellschaft decreased their target price on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. KeyCorp began coverage on HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating on the stock. Truist Financial raised their target price on HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, William Blair reissued an “outperform” rating on shares of HEICO in a report on Tuesday, March 25th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $271.40.

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.