Royce & Associates LP Sells 96,363 Shares of HEICO Co. (NYSE:HEI)

Royce & Associates LP lowered its stake in shares of HEICO Co. (NYSE:HEI) by 65.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 51,618 shares of the aerospace company’s stock after selling 96,363 shares during the quarter. Royce & Associates LP’s holdings in HEICO were worth $12,272,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Compass Financial Services Inc bought a new stake in HEICO during the fourth quarter valued at about $26,000. Berbice Capital Management LLC bought a new stake in HEICO during the fourth quarter valued at about $95,000. Brooklyn Investment Group bought a new stake in HEICO during the third quarter valued at about $128,000. SBI Securities Co. Ltd. bought a new stake in HEICO during the fourth quarter valued at about $135,000. Finally, Householder Group Estate & Retirement Specialist LLC boosted its position in HEICO by 476.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock valued at $156,000 after purchasing an additional 543 shares in the last quarter. Institutional investors own 27.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on HEI. KeyCorp began coverage on HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft decreased their price target on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, Truist Financial increased their price target on HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $271.40.

HEICO Trading Up 1.7 %

Shares of NYSE:HEI opened at $260.30 on Tuesday. HEICO Co. has a 52-week low of $185.03 and a 52-week high of $283.60. The stock has a market cap of $36.17 billion, a price-to-earnings ratio of 71.12, a PEG ratio of 3.10 and a beta of 1.26. 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 business has a 50-day moving average price of $238.64 and a 200-day moving average price of $251.06.

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

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.