Heico (NYSE:HEI.A) Stock: Insider Thomas Culligan Buys 795 Shares

Heico Corporation (NYSE:HEI.A) Director Thomas Culligan purchased 795 shares of the company’s stock in a transaction that occurred on Thursday, October 8th. The shares were purchased at an average price of $220.30 per share, for a total transaction of $175,138.50. Following the purchase, the director directly owned 11,825 shares in the company, valued at $2,605,047.50. The trade was a 7.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Heico Trading Up 1.2%

HEI.A opened at $223.94 on Thursday. The company has a quick ratio of 1.27, a current ratio of 2.72 and a debt-to-equity ratio of 0.51. Heico Corporation has a 52 week low of $199.35 and a 52 week high of $279.66. The business’s 50 day moving average is $241.01 and its two-hundred day moving average is $237.71. The firm has a market cap of $31.30 billion, a price-to-earnings ratio of 36.80 and a beta of 1.13.

Heico (NYSE:HEI.A) last posted its quarterly earnings data on Tuesday, August 25th. The company reported $1.67 earnings per share for the quarter. The business had revenue of $1.41 billion during the quarter. Heico had a return on equity of 18.00% and a net margin of 16.38%. On average, research analysts predict that Heico Corporation will post 6.25 EPS for the current year.

Key Stories Impacting Heico

Here are the key news stories impacting Heico this week:

• Positive Sentiment: Six HEICO directors—Nandakumar Cheruvatath, Adolfo Henriques, Alan Schriesheim, Carol F. Fine, Mark H. Hildebrandt and Thomas M. Culligan—each purchased 795 shares at an average price of $220.30. The combined purchases were worth approximately $1.05 million and increased their individual holdings. SEC insider filing
• Positive Sentiment: Director Julie Neitzel bought 592 shares for approximately $174,600 at an average price of $294.93, increasing her position by about 142%. Across the seven reported transactions, directors purchased roughly 5,362 shares valued at approximately $1.23 million. Coordinated insider buying can support investor confidence in HEICO’s outlook. SEC insider filing
• Positive Sentiment: Zacks Research upgraded HEICO from “hold” to “strong buy” on October 2. MarketBeat reports a “strong buy” consensus rating, adding further support to the bullish case. HEICO analyst information
• Neutral Sentiment: The insider purchases were made by directors rather than operating executives and do not directly alter HEICO’s financial outlook. The stock remains valued at a relatively high earnings multiple, while trading below its 50-day and 200-day moving averages, leaving investors focused on upcoming results and whether forecast fiscal-year EPS of $6.25 can support the valuation.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Heico from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating. According to MarketBeat, Heico presently has a consensus rating of “Strong Buy”.

Heico Company Profile

HEICO Corporation is an aerospace, defense, electronics and medical technology company headquartered in Hollywood, Florida. Founded in 1957, the company develops, manufactures and sells products and services used by commercial and business aircraft operators, defense contractors, space and satellite companies, medical equipment manufacturers, telecommunications providers and other industrial customers.

HEICO operates through two principal business groups. Its Flight Support Group produces aircraft replacement parts and related components, including FAA-approved parts, as well as specialty products and services for the aviation industry.