Moran Wealth Management LLC Purchases 51 Shares of HEICO Co. (NYSE:HEI)

Moran Wealth Management LLC grew its position in HEICO Co. (NYSE:HEI) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,687 shares of the aerospace company’s stock after purchasing an additional 51 shares during the period. Moran Wealth Management LLC’s holdings in HEICO were worth $639,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. AlphaQuest LLC bought a new stake in shares of HEICO in the fourth quarter worth $702,000. Lifeworks Advisors LLC acquired a new stake in HEICO in the 4th quarter valued at $221,000. River Global Investors LLP bought a new stake in HEICO during the 4th quarter worth about $16,073,000. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of HEICO by 13.9% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 70,852 shares of the aerospace company’s stock worth $17,692,000 after buying an additional 8,628 shares during the last quarter. Finally, E Fund Management Co. Ltd. bought a new position in shares of HEICO in the 4th quarter valued at about $428,000. 27.12% of the stock is owned by institutional investors and hedge funds.

HEICO Trading Down 0.2 %

HEI stock opened at $252.68 on Thursday. The stock has a market cap of $35.11 billion, a price-to-earnings ratio of 69.04, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26. The company has a fifty day moving average price of $237.37 and a two-hundred day moving average price of $250.92. HEICO Co. has a one year low of $184.46 and a one year high of $283.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34.

HEICO (NYSE:HEI) last announced its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.27. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. Equities analysts anticipate that HEICO Co. will post 4.2 EPS for the current year.

HEICO Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a dividend of $0.11 per share. The ex-dividend date was Friday, January 3rd. This represents a yield of 0.1%. HEICO’s payout ratio is currently 5.45%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HEI shares. Truist Financial increased their price target on HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, KeyCorp began coverage on shares of HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, HEICO has a consensus rating of “Moderate Buy” and a consensus target price of $271.40.

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.