Embree Financial Group Reduces Stock Holdings in HEICO Co. (NYSE:HEI)

Embree Financial Group lessened its holdings in shares of HEICO Co. (NYSE:HEI) by 18.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,312 shares of the aerospace company’s stock after selling 1,000 shares during the period. Embree Financial Group’s holdings in HEICO were worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HEI. Moody Lynn & Lieberson LLC lifted its holdings in HEICO by 1.6% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company’s stock valued at $1,011,000 after acquiring an additional 65 shares during the period. Berbice Capital Management LLC acquired a new position in shares of HEICO in the 4th quarter valued at $95,000. MinichMacGregor Wealth Management LLC lifted its stake in shares of HEICO by 5.3% in the 4th quarter. MinichMacGregor Wealth Management LLC now owns 34,764 shares of the aerospace company’s stock valued at $8,265,000 after purchasing an additional 1,746 shares during the period. Magnus Financial Group LLC purchased a new stake in HEICO during the fourth quarter worth $239,000. Finally, Simon Quick Advisors LLC acquired a new stake in HEICO during the fourth quarter valued at $250,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

HEICO Price Performance

Shares of NYSE HEI opened at $235.42 on Friday. The stock has a market capitalization of $32.68 billion, a price-to-earnings ratio of 64.32, a price-to-earnings-growth ratio of 3.32 and a beta of 1.28. HEICO Co. has a 52 week low of $178.20 and a 52 week high of $283.60. The firm has a 50-day simple moving average of $249.52 and a 200-day simple moving average of $249.45. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI) last released its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. HEICO’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities analysts predict that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

HEICO Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid 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 dividend payout ratio (DPR) is presently 6.01%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. KeyCorp started 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 lowered their price target on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Truist Financial boosted their price objective on HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Morgan Stanley lifted their price target on shares of HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, UBS Group began coverage on shares of HEICO in a research report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, HEICO presently has an average 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.