Heico Corporation $HEI Shares Sold by Threadgill Financial LLC

Threadgill Financial LLC lessened its holdings in shares of Heico Corporation (NYSE:HEI) by 77.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,770 shares of the aerospace company’s stock after selling 13,124 shares during the period. Heico accounts for approximately 0.5% of Threadgill Financial LLC’s investment portfolio, making the stock its 27th biggest position. Threadgill Financial LLC’s holdings in Heico were worth $1,220,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Westside Investment Management Inc. grew its holdings in Heico by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock valued at $28,000 after buying an additional 43 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in shares of Heico during the 3rd quarter valued at about $29,000. Hazlett Burt & Watson Inc. acquired a new position in shares of Heico during the 3rd quarter valued at about $31,000. Aventura Private Wealth LLC purchased a new stake in shares of Heico in the fourth quarter valued at about $96,000. Finally, Pittenger & Anderson Inc. increased its position in Heico by 159.2% during the third quarter. Pittenger & Anderson Inc. now owns 324 shares of the aerospace company’s stock worth $105,000 after purchasing an additional 199 shares during the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

Heico Price Performance

Shares of NYSE HEI opened at $275.32 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.06 and a quick ratio of 1.41. The company has a market cap of $38.41 billion, a PE ratio of 54.41, a P/E/G ratio of 3.37 and a beta of 1.01. The stock has a fifty day moving average price of $326.43 and a 200 day moving average price of $321.66. Heico Corporation has a 1-year low of $229.07 and a 1-year high of $361.69.

Heico (NYSE:HEI) last released its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.26 by $0.09. Heico had a net margin of 15.38% and a return on equity of 16.57%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the business earned $1.20 EPS. The business’s revenue was up 14.4% on a year-over-year basis. Sell-side analysts forecast that Heico Corporation will post 4.2 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HEI shares. Stifel Nicolaus set a $370.00 price target on Heico and gave the stock a “buy” rating in a report on Monday, December 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Heico in a research note on Monday, December 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $375.00 price target (up from $350.00) on shares of Heico in a research note on Monday, December 22nd. Wall Street Zen cut Heico from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Truist Financial raised their target price on Heico from $366.00 to $391.00 and gave the stock a “buy” rating in a research report on Tuesday, December 23rd. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $364.43.

Heico Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.