Moody Lynn & Lieberson LLC Acquires 65 Shares of HEICO Co. (NYSE:HEI)

Moody Lynn & Lieberson LLC raised its stake in HEICO Co. (NYSE:HEI) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,251 shares of the aerospace company’s stock after buying an additional 65 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in HEICO were worth $1,011,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HEI. Morse Asset Management Inc raised its holdings in shares of HEICO by 0.6% during the third quarter. Morse Asset Management Inc now owns 6,207 shares of the aerospace company’s stock worth $1,623,000 after acquiring an additional 38 shares during the period. Centaurus Financial Inc. raised its stake in shares of 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 purchasing an additional 60 shares during the period. MGB Wealth Management LLC lifted its holdings in shares of HEICO by 3.6% in the third quarter. MGB Wealth Management LLC now owns 2,900 shares of the aerospace company’s stock valued at $758,000 after purchasing an additional 100 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of HEICO by 6.6% during the third quarter. Coldstream Capital Management Inc. now owns 1,719 shares of the aerospace company’s stock worth $451,000 after buying an additional 106 shares during the period. Finally, Tidal Investments LLC grew its holdings in shares of HEICO by 7.9% during the third quarter. Tidal Investments LLC now owns 1,557 shares of the aerospace company’s stock worth $407,000 after buying an additional 114 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

Wall Street Analyst Weigh In

HEI has been the topic of several research reports. Morgan Stanley boosted their target price on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th. KeyCorp initiated coverage on shares of HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating on the stock. UBS Group began coverage on shares of HEICO in a research note on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price objective for the company. Finally, Truist Financial lifted their target price on HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, HEICO presently has a consensus rating of “Moderate Buy” and an average price target of $270.20.

HEICO Trading Down 1.3 %

Shares of NYSE:HEI opened at $235.42 on Friday. The company has a 50-day simple moving average of $249.52 and a 200 day simple moving average of $249.45. The company has a market capitalization of $32.68 billion, a P/E ratio of 64.32, a price-to-earnings-growth ratio of 3.32 and a beta of 1.28. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. HEICO Co. has a 52-week low of $178.20 and a 52-week high of $283.60.

HEICO (NYSE:HEI) last released its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm posted $0.74 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. Sell-side analysts forecast that HEICO Co. will post 4.2 earnings per share for the current year.

HEICO Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a $0.11 dividend. This represents a dividend yield of 0.1%. The ex-dividend date was Friday, January 3rd. HEICO’s payout ratio is presently 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.