Heico Corporation $HEI Shares Sold by Threadgill Financial LLC

Threadgill Financial LLC trimmed its position in Heico Corporation (NYSE:HEI) by 77.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,770 shares of the aerospace company’s stock after selling 13,124 shares during the quarter. Heico accounts for approximately 0.5% of Threadgill Financial LLC’s portfolio, making the stock its 27th largest holding. Threadgill Financial LLC’s holdings in Heico were worth $1,220,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. 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. Munro Partners acquired a new stake in shares of Heico during the second quarter valued at about $59,720,000. Balyasny Asset Management L.P. boosted its holdings in Heico by 263.2% in the third quarter. Balyasny Asset Management L.P. now owns 60,469 shares of the aerospace company’s stock valued at $19,521,000 after purchasing an additional 43,821 shares during the last quarter. AMJ Financial Wealth Management acquired a new stake in Heico during the 2nd quarter valued at approximately $11,552,000. Finally, Erste Asset Management GmbH grew its position in shares of Heico by 136.0% during the third quarter. Erste Asset Management GmbH now owns 59,000 shares of the aerospace company’s stock worth $18,752,000 after buying an additional 34,000 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HEI. BNP Paribas Exane upgraded shares of Heico from a “neutral” rating to an “outperform” rating in a research note on Friday, February 27th. Royal Bank Of Canada reissued an “outperform” rating and issued a $375.00 price objective (up from $350.00) on shares of Heico in a report on Monday, December 22nd. UBS Group reaffirmed 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Heico in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $375.00 price objective (up from $355.00) on shares of Heico in a research note on Monday, December 22nd. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $364.43.

Heico Stock Performance

HEI opened at $275.32 on Monday. Heico Corporation has a twelve month low of $229.07 and a twelve month high of $361.69. The stock has a market cap of $38.41 billion, a PE ratio of 54.41, a price-to-earnings-growth ratio of 3.37 and a beta of 1.01. The business’s 50 day moving average is $326.43 and its 200-day moving average is $321.66. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55.

Heico (NYSE:HEI) last announced its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.09. Heico had a return on equity of 16.57% and a net margin of 15.38%.The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the business earned $1.20 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, analysts predict that Heico Corporation will post 4.2 earnings per share for the current year.

Heico Profile

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.