Heico Corporation $HEI Shares Purchased by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC grew its position in shares of Heico Corporation (NYSE:HEI) by 175.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,057 shares of the aerospace company’s stock after buying an additional 7,684 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Heico were worth $3,902,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Silver Oak Securities Incorporated lifted its stake in Heico by 42.5% during the fourth quarter. Silver Oak Securities Incorporated now owns 1,753 shares of the aerospace company’s stock worth $575,000 after purchasing an additional 523 shares during the last quarter. Embree Financial Group increased its stake in Heico by 3.2% during the fourth quarter. Embree Financial Group now owns 4,235 shares of the aerospace company’s stock valued at $1,370,000 after purchasing an additional 132 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Heico by 8.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,257 shares of the aerospace company’s stock valued at $2,995,000 after purchasing an additional 724 shares during the last quarter. Auctus Advisors LLC acquired a new stake in shares of Heico during the fourth quarter worth $250,000. Finally, Mirador Capital Partners LP lifted its position in shares of Heico by 5.9% in the 4th quarter. Mirador Capital Partners LP now owns 5,348 shares of the aerospace company’s stock worth $1,731,000 after buying an additional 296 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HEI shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Heico in a report on Monday, December 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $375.00 target price (up from $350.00) on shares of Heico in a report on Monday, December 22nd. BNP Paribas Exane upgraded Heico from a “neutral” rating to an “outperform” rating in a research note on Friday, February 27th. Stifel Nicolaus set a $370.00 target price on Heico and gave the company a “buy” rating in a report on Monday, December 22nd. Finally, Truist Financial increased their price target on Heico from $366.00 to $391.00 and gave the stock a “buy” rating in a research report on Tuesday, December 23rd. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Heico currently has a consensus rating of “Moderate Buy” and an average target price of $364.43.

Heico Stock Up 3.5%

HEI stock opened at $274.33 on Wednesday. The stock has a market cap of $38.27 billion, a PE ratio of 54.21, a price-to-earnings-growth ratio of 3.24 and a beta of 1.01. The firm’s 50-day simple moving average is $315.55 and its 200 day simple moving average is $319.48. Heico Corporation has a fifty-two week low of $229.07 and a fifty-two week high of $361.69. The company has a quick ratio of 1.41, a current ratio of 3.06 and a debt-to-equity ratio of 0.55.

Heico (NYSE:HEI) last posted its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. Heico had a net margin of 15.38% and a return on equity of 16.57%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business posted $1.20 EPS. Heico’s revenue was up 14.4% on a year-over-year basis. As a group, sell-side analysts predict that Heico Corporation will post 4.2 EPS for the current year.

About Heico

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.