Moody Lynn & Lieberson LLC Purchases New Holdings in Heico Corporation (HEI)

Dupont Capital Management Corp trimmed its holdings in Heico Corporation (NYSE:HEI) by 38.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. Riverbridge Partners LLC now owns 1,467,182 shares of the company's stock valued at $101,529,000 after buying an additional 131,269 shares during the last quarter. Dupont Capital Management Corp's holdings in Heico Corporation were worth $648,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Finally, Copeland Capital Management LLC boosted its stake in Heico Corporation by 0.3% in the 3rd quarter. Steinberg Global Asset Management now owns 20,432 shares of the aerospace company's stock worth $1,835,000 after acquiring an additional 832 shares during the last quarter. Ironwood Investment Counsel LLC purchased a new position in shares of Heico Corporation during the third quarter valued at $201,000. Comerica Savings Bank has 0% invested in Heico Corp (NYSE:HEI) for 2,650 shares. PNC Financial Services Group Inc. boosted its stake in Heico Corporation by 3.7% in the 2nd quarter. Institutional investors and hedge funds own 25.92% of the company's stock.

A number of research firms recently commented on HEI. Zacks Investment Research raised shares of Heico Corp. from a sell rating to a hold rating in a research note on Monday, September 12th. Buckingham Research downgraded the shares of SUP in report on Tuesday, March 8 to "Neutral" rating. Canaccord Genuity upped their price objective on Heico Corporation from $91.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday, August 23rd. Bank of America Corporation upgraded Heico Corporation from a "neutral" rating to a "buy" rating and boosted their target price for the company from $75.00 to $95.00 in a research note on Tuesday, August 29th. Deutsche Bank AG lowered Heico Corporation from a "buy" rating to a "hold" rating and lifted their price objective for the company from $80.00 to $86.00 in a research note on Wednesday, August 16th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. The company presently has a consensus rating of "Hold" and an average target price of $91.67. The stock now has an average rating of "Hold" and a consensus price target of $91.67. Also, Director Mark H. Hildebrandt bought 1,316 shares of Heico Corporation stock in a transaction on Thursday, October 5th. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The stock was sold at an average price of $76.28, for a total value of $1,525,600.00. Following the completion of the sale, the vice president now directly owns 31,110 shares of the company's stock, valued at approximately $2,373,070.80. The disclosure for this purchase can be found here.

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Shares of Heico Corporation (NYSE HEI) opened at $90.16 on Tuesday.

Heico Corp. has a 1-year low of $50.85 and a 1-year high of $82.37. The aerospace company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.01.

Heico Corp. had a net margin of 11.35% and a return on equity of 15.97%. The firm had revenue of $391.50 million during the quarter, compared to analysts' expectations of $390.55 million. They expect $0.58 EPS, up 87.10% or $0.27 from last year's $0.31 per share. The company's revenue for the quarter was up 9.9% compared to the same quarter last year. equities research analysts predict that Heico Corporation will post 2.11 EPS for the current year.

HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Firm also makes various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.

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