Fox Run Management L.L.C. Takes $354,000 Position in HEICO Co. (NYSE:HEI)

Fox Run Management L.L.C. bought a new position in shares of HEICO Co. (NYSE:HEI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,489 shares of the aerospace company’s stock, valued at approximately $354,000.

Other large investors have also bought and sold shares of the company. Morse Asset Management Inc grew its stake in shares of HEICO by 0.6% in the 3rd quarter. Morse Asset Management Inc now owns 6,207 shares of the aerospace company’s stock valued at $1,623,000 after buying an additional 38 shares during the period. Sequoia Financial Advisors LLC grew its stake in HEICO by 5.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company’s stock valued at $231,000 after acquiring an additional 46 shares during the period. Moran Wealth Management LLC increased its holdings in shares of HEICO by 1.9% during the fourth quarter. Moran Wealth Management LLC now owns 2,687 shares of the aerospace company’s stock valued at $639,000 after acquiring an additional 51 shares in the last quarter. Centaurus Financial Inc. raised its position in shares of HEICO by 8.9% during the third quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock worth $191,000 after purchasing an additional 60 shares during the period. Finally, Moody Lynn & Lieberson LLC lifted its holdings in shares of HEICO by 1.6% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company’s stock worth $1,011,000 after purchasing an additional 65 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

HEICO Stock Performance

Shares of HEI opened at $268.91 on Thursday. The stock has a 50 day moving average of $243.97 and a 200 day moving average of $251.70. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. HEICO Co. has a 12 month low of $185.03 and a 12 month high of $283.60. The company has a market capitalization of $37.36 billion, a price-to-earnings ratio of 73.47, a PEG ratio of 3.10 and a beta of 1.26.

HEICO (NYSE:HEI) last announced its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.27. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. As a group, sell-side analysts forecast that HEICO Co. will post 4.2 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on HEI. Truist Financial boosted their price target on shares of HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. William Blair restated an “outperform” rating on shares of HEICO in a report on Tuesday. Deutsche Bank Aktiengesellschaft cut their price target on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, KeyCorp initiated coverage on HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $271.40.

HEICO Company Profile

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.