Bath Savings Trust Co Decreases Stock Position in HEICO Co. (NYSE:HEI)

Bath Savings Trust Co lowered its position in shares of HEICO Co. (NYSE:HEI) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,738 shares of the aerospace company’s stock after selling 870 shares during the period. Bath Savings Trust Co’s holdings in HEICO were worth $9,923,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Morse Asset Management Inc grew its holdings in HEICO by 0.6% during the 3rd quarter. Morse Asset Management Inc now owns 6,207 shares of the aerospace company’s stock valued at $1,623,000 after purchasing an additional 38 shares in the last quarter. Centaurus Financial Inc. boosted its position in HEICO by 8.9% in the 3rd quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock valued at $191,000 after buying an additional 60 shares during the last quarter. Moody Lynn & Lieberson LLC grew its stake in shares of HEICO by 1.8% during the third quarter. Moody Lynn & Lieberson LLC now owns 4,186 shares of the aerospace company’s stock valued at $1,095,000 after acquiring an additional 73 shares in the last quarter. MGB Wealth Management LLC increased its position in shares of HEICO by 3.6% during the third quarter. MGB Wealth Management LLC now owns 2,900 shares of the aerospace company’s stock worth $758,000 after acquiring an additional 100 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in HEICO by 6.6% in the third quarter. Coldstream Capital Management Inc. now owns 1,719 shares of the aerospace company’s stock valued at $451,000 after purchasing an additional 106 shares during the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HEICO

In other HEICO news, Director Alan Schriesheim acquired 724 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was acquired at an average cost of $262.94 per share, with a total value of $190,368.56. Following the acquisition, the director now directly owns 174,878 shares of the company’s stock, valued at $45,982,421.32. This represents a 0.42 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Victor H. Mendelson bought 726 shares of the business’s stock in a transaction on Friday, October 18th. The shares were acquired at an average cost of $262.94 per share, for a total transaction of $190,894.44. Following the purchase, the insider now directly owns 1,234,950 shares in the company, valued at $324,717,753. This represents a 0.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 2,175 shares of company stock worth $571,895. 8.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on HEI. Morgan Stanley upped their target price on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. UBS Group began coverage on shares of HEICO in a report on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price target on the stock. Truist Financial boosted their target price on shares of HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Bank of America increased their price target on shares of HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $270.20.

HEICO Stock Performance

HEI stock traded down $0.12 during midday trading on Tuesday, reaching $229.48. The company had a trading volume of 165,389 shares, compared to its average volume of 393,230. The company has a quick ratio of 1.47, a current ratio of 3.30 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average price of $256.69 and a 200 day moving average price of $249.00. The firm has a market capitalization of $31.86 billion, a PE ratio of 67.30, a P/E/G ratio of 3.12 and a beta of 1.28. HEICO Co. has a fifty-two week low of $169.70 and a fifty-two week high of $283.60.

HEICO (NYSE:HEI) last issued its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company earned $0.74 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts anticipate that HEICO Co. will post 3.64 earnings per share for the current year.

HEICO Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a $0.11 dividend. This represents a yield of 0.1%. The ex-dividend date of this dividend is Friday, January 3rd. HEICO’s dividend payout ratio (DPR) is 6.01%.

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.