Cutter & CO Brokerage Inc. Grows Stake in HEICO Co. (NYSE:HEI)

Cutter & CO Brokerage Inc. increased its position in HEICO Co. (NYSE:HEIGet Rating) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,872 shares of the aerospace company’s stock after acquiring an additional 169 shares during the quarter. HEICO comprises about 1.8% of Cutter & CO Brokerage Inc.’s investment portfolio, making the stock its 7th biggest position. Cutter & CO Brokerage Inc.’s holdings in HEICO were worth $6,616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Peregrine Capital Management LLC increased its holdings in shares of HEICO by 9.1% during the 4th quarter. Peregrine Capital Management LLC now owns 411,217 shares of the aerospace company’s stock worth $59,306,000 after purchasing an additional 34,384 shares during the period. Jennison Associates LLC boosted its position in shares of HEICO by 31.1% during the 4th quarter. Jennison Associates LLC now owns 377,179 shares of the aerospace company’s stock valued at $54,397,000 after acquiring an additional 89,554 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of HEICO during the 4th quarter valued at about $37,244,000. TCW Group Inc. boosted its position in shares of HEICO by 6.7% during the 4th quarter. TCW Group Inc. now owns 187,088 shares of the aerospace company’s stock valued at $26,982,000 after acquiring an additional 11,751 shares in the last quarter. Finally, AXA S.A. boosted its position in shares of HEICO by 5.3% during the 3rd quarter. AXA S.A. now owns 113,900 shares of the aerospace company’s stock valued at $15,020,000 after acquiring an additional 5,754 shares in the last quarter. Hedge funds and other institutional investors own 26.67% of the company’s stock.

NYSE:HEI traded up $0.59 during trading hours on Thursday, hitting $133.65. The stock had a trading volume of 426,487 shares, compared to its average volume of 388,981. The company has a market cap of $18.16 billion, a price-to-earnings ratio of 56.55, a P/E/G ratio of 4.58 and a beta of 1.13. HEICO Co. has a one year low of $122.94 and a one year high of $159.29. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.72 and a current ratio of 3.56. The business’s 50 day moving average is $147.49 and its 200-day moving average is $144.40.

HEICO (NYSE:HEIGet Rating) last announced its earnings results on Wednesday, February 23rd. The aerospace company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.56 by $0.07. The business had revenue of $490.30 million during the quarter, compared to analysts’ expectations of $493.52 million. HEICO had a net margin of 16.54% and a return on equity of 14.22%. The firm’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. On average, sell-side analysts anticipate that HEICO Co. will post 2.61 EPS for the current fiscal year.

Separately, StockNews.com downgraded shares of HEICO from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HEICO presently has a consensus rating of “Buy” and a consensus target price of $152.17.

In other HEICO news, VP Thomas S. Irwin sold 20,000 shares of the stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $125.22, for a total transaction of $2,504,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alan Schriesheim sold 12,865 shares of the stock in a transaction dated Wednesday, March 30th. The stock was sold at an average price of $126.82, for a total transaction of $1,631,539.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,365 shares of company stock worth $7,215,709. 8.27% of the stock is owned by insiders.

About HEICO (Get Rating)

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.

See Also

Institutional Ownership by Quarter for HEICO (NYSE:HEI)

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