Brooktree Capital Management Cuts Holdings in HEICO Co. (NYSE:HEI)

Brooktree Capital Management trimmed its holdings in shares of HEICO Co. (NYSE:HEIGet Rating) by 29.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,201 shares of the aerospace company’s stock after selling 6,497 shares during the period. HEICO comprises 1.5% of Brooktree Capital Management’s investment portfolio, making the stock its 19th biggest holding. Brooktree Capital Management’s holdings in HEICO were worth $2,334,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HEI. JJJ Advisors Inc. raised its stake in shares of HEICO by 76.1% during the 4th quarter. JJJ Advisors Inc. now owns 199 shares of the aerospace company’s stock worth $29,000 after buying an additional 86 shares in the last quarter. Davidson Capital Management Inc. grew its holdings in shares of HEICO by 3.9% in the 4th quarter. Davidson Capital Management Inc. now owns 9,953 shares of the aerospace company’s stock worth $1,435,000 after acquiring an additional 376 shares during the period. Alpine Woods Capital Investors LLC grew its holdings in shares of HEICO by 0.4% in the 4th quarter. Alpine Woods Capital Investors LLC now owns 28,375 shares of the aerospace company’s stock worth $4,092,000 after acquiring an additional 100 shares during the period. Congress Wealth Management LLC DE acquired a new stake in shares of HEICO in the 4th quarter worth approximately $666,000. Finally, Nikko Asset Management Americas Inc. grew its holdings in shares of HEICO by 5.4% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 45,473 shares of the aerospace company’s stock worth $6,237,000 after acquiring an additional 2,323 shares during the period. 26.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. UBS Group lowered their price target on HEICO to $138.00 in a report on Wednesday, May 25th. Truist Financial lowered their price target on HEICO from $182.00 to $165.00 and set a “buy” rating on the stock in a report on Tuesday, July 19th. Finally, StockNews.com cut HEICO from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $155.33.

HEICO Price Performance

NYSE:HEI traded up $1.10 during trading hours on Friday, reaching $157.52. 224,767 shares of the company traded hands, compared to its average volume of 308,256. The firm’s 50-day moving average is $139.71 and its 200-day moving average is $142.47. The stock has a market cap of $21.42 billion, a P/E ratio of 64.82, a P/E/G ratio of 4.76 and a beta of 1.17. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.39 and a quick ratio of 1.69. HEICO Co. has a 1-year low of $122.94 and a 1-year high of $159.29.

HEICO (NYSE:HEIGet Rating) last announced its earnings results on Monday, May 23rd. The aerospace company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. HEICO had a return on equity of 14.44% and a net margin of 16.66%. The firm had revenue of $538.81 million for the quarter, compared to analysts’ expectations of $532.19 million. During the same quarter in the prior year, the firm earned $0.51 EPS. Equities research analysts expect that HEICO Co. will post 2.61 earnings per share for the current fiscal year.

HEICO Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were paid a dividend of $0.09 per share. This represents a dividend yield of 0.1%. The ex-dividend date was Thursday, June 30th. HEICO’s dividend payout ratio is presently 7.41%.

About HEICO

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HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.

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Institutional Ownership by Quarter for HEICO (NYSE:HEI)

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