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

Moody Lynn & Lieberson LLC lifted its stake in Heico Corporation (NYSE:HEI) by 175.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 large investors have also modified their holdings of HEI. American Century Companies Inc. lifted its position in Heico by 45.7% during the 3rd quarter. American Century Companies Inc. now owns 769,704 shares of the aerospace company’s stock worth $248,476,000 after acquiring an additional 241,559 shares in the last quarter. Two Sigma Investments LP grew its position in Heico by 0.6% in the third quarter. Two Sigma Investments LP now owns 558,661 shares of the aerospace company’s stock valued at $180,347,000 after acquiring an additional 3,166 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. grew its position in Heico by 1.2% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 203,504 shares of the aerospace company’s stock valued at $65,695,000 after acquiring an additional 2,331 shares in the last quarter. Munro Partners raised its stake in shares of Heico by 8.5% during the third quarter. Munro Partners now owns 197,633 shares of the aerospace company’s stock valued at $63,800,000 after purchasing an additional 15,560 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in shares of Heico by 263.2% during the third quarter. Balyasny Asset Management L.P. now owns 60,469 shares of the aerospace company’s stock worth $19,521,000 after purchasing an additional 43,821 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Heico in a research note on Monday, December 29th. UBS Group reiterated a “neutral” rating and issued a $371.00 price objective (up from $359.00) on shares of Heico in a report on Monday, December 22nd. Truist Financial upped their price objective on shares of Heico from $366.00 to $391.00 and gave the company a “buy” rating in a research report on Tuesday, December 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $375.00 target price (up from $355.00) on shares of Heico in a research note on Monday, December 22nd. Finally, Susquehanna began coverage on Heico in a research report on Friday, January 23rd. They set a “neutral” rating and a $385.00 target price on the stock. Ten analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $364.43.

Heico Stock Up 3.5%

Shares of NYSE:HEI opened at $274.33 on Wednesday. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55. The company has a fifty day simple moving average of $315.55 and a 200 day simple moving average of $319.48. The firm 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. Heico Corporation has a 12-month low of $229.07 and a 12-month high of $361.69.

Heico (NYSE:HEI) last posted its quarterly earnings data on Wednesday, February 25th. The aerospace company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Heico had a net margin of 15.38% and a return on equity of 16.57%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 EPS. On average, equities research analysts anticipate that Heico Corporation will post 4.2 EPS for the current fiscal 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.