Connor Clark & Lunn Investment Management Ltd. Takes Position in Heico Corporation $HEI

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Heico Corporation (NYSE:HEI) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 35,915 shares of the aerospace company’s stock, valued at approximately $12,793,000.

Other large investors have also bought and sold shares of the company. Clear Harbor Asset Management LLC acquired a new position in Heico during the second quarter worth about $9,622,000. Weitz Investment Management Inc. acquired a new stake in Heico in the 2nd quarter valued at about $52,737,000. Quantbot Technologies LP bought a new position in shares of Heico during the 2nd quarter valued at about $1,733,000. George Kaiser Family Foundation acquired a new position in shares of Heico in the 2nd quarter worth approximately $463,000. Finally, Sumitomo Life Insurance Co. bought a new stake in shares of Heico in the 2nd quarter worth approximately $2,111,000. Institutional investors own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

HEI has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft set a $421.00 target price on shares of Heico and gave the stock a “buy” rating in a report on Wednesday, August 19th. Jefferies Financial Group reissued a “buy” rating and set a $425.00 price objective on shares of Heico in a research note on Thursday, August 13th. Weiss Ratings upgraded Heico from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Morgan Stanley set a $370.00 target price on Heico in a research report on Wednesday, July 15th. Finally, Rothschild & Co Redburn set a $360.00 target price on Heico and gave the company a “buy” rating in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Heico currently has a consensus rating of “Moderate Buy” and a consensus price target of $379.56.

Insider Buying and Selling at Heico

In related news, CAO Bradley K. Rowen sold 1,326 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total transaction of $320,401.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.86% of the company’s stock.

Heico Stock Down 0.4%

Shares of NYSE:HEI opened at $351.19 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.36 and a current ratio of 2.92. The company has a market cap of $49.05 billion, a PE ratio of 62.71, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04. Heico Corporation has a 52 week low of $256.11 and a 52 week high of $376.86. The firm has a 50 day simple moving average of $353.68 and a 200 day simple moving average of $321.20.

Heico (NYSE:HEI) last posted its quarterly earnings data on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.16. Heico had a net margin of 16.08% and a return on equity of 17.52%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the company posted $1.26 EPS. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. As a group, research analysts expect that Heico Corporation will post 6.02 earnings per share for the current year.

Heico Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, July 1st. This represents a dividend yield of 7.0%. Heico’s payout ratio is currently 4.64%.

Key Headlines Impacting Heico

Here are the key news stories impacting Heico this week:

• Positive Sentiment: HEICO reported record third-quarter fiscal 2026 net income of $235.4 million, or $1.67 per diluted share, up from $177.3 million, or $1.26 per share, a year earlier. Earnings exceeded the $1.51 consensus estimate by $0.16. HEICO Corporation Reports Record Net Income
• Positive Sentiment: Quarterly net income increased 33%, operating income rose 34%, and net sales grew 23% year over year, with consolidated organic sales growth reaching 14%. First-nine-month net income also climbed 31% to a record $659.4 million. HEICO Reports Record Fiscal 2026 Third-Quarter Results
• Positive Sentiment: The earnings beat was attributed to continued aerospace and defense demand, reinforcing the company’s exposure to favorable end markets. HEICO Beats Estimates on Aerospace and Defense Demand
• Neutral Sentiment: Additional analysis is comparing quarterly revenue, earnings, and operating metrics with Wall Street expectations and year-ago results; the headline results confirm broad-based strength but do not indicate a new company forecast or major strategic announcement. HEICO Q3 Earnings Key Metrics
• Negative Sentiment: At roughly 63 times earnings and near its 12-month high, HEICO’s valuation leaves limited room for disappointment. The muted reaction may reflect profit-taking or investor concern that strong results were already priced into HEI.

Heico Company 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.