Heico (NYSE:HEI) Director Acquires 795 Shares of Stock

Heico Corporation (NYSE:HEI) Director Mark Hildebrandt bought 795 shares of the firm’s stock in a transaction on Thursday, October 8th. The stock was purchased at an average price of $220.30 per share, with a total value of $175,138.50. Following the completion of the acquisition, the director owned 50,218 shares of the company’s stock, valued at approximately $11,063,025.40. This trade represents a 1.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Heico Trading Up 0.0%

Shares of Heico stock traded up $0.12 during trading on Tuesday, hitting $297.21. The stock had a trading volume of 477,999 shares, compared to its average volume of 578,031. Heico Corporation has a 1 year low of $256.11 and a 1 year high of $376.86. The stock has a 50 day simple moving average of $328.21 and a 200 day simple moving average of $320.11. The company has a quick ratio of 1.27, a current ratio of 2.72 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $41.54 billion, a PE ratio of 49.45, a P/E/G ratio of 2.51 and a beta of 1.09.

Heico (NYSE:HEI) last issued its quarterly earnings results on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.51 by $0.16. Heico had a net margin of 16.38% and a return on equity of 18.00%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. On average, research analysts expect that Heico Corporation will post 6.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HEI. Melius Research set a $350.00 target price on Heico and gave the stock a “hold” rating in a research report on Monday, September 14th. The Goldman Sachs Group reissued a “buy” rating and issued a $491.00 price objective on shares of Heico in a research note on Monday, August 31st. TD Cowen decreased their price objective on Heico from $350.00 to $330.00 and set a “hold” rating for the company in a research report on Friday. Wall Street Zen cut Heico from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Finally, Weiss Ratings upgraded Heico from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $387.00.

Hedge Funds Weigh In On Heico

Several institutional investors and hedge funds have recently modified their holdings of the stock. Osterweis Capital Management Inc. acquired a new stake in Heico during the second quarter valued at $81,000. Bayban acquired a new position in Heico in the 4th quarter worth about $89,000. Oslo Pensjonsforsikring AS acquired a new position in Heico in the 1st quarter worth about $100,000. Parvin Asset Management LLC purchased a new stake in shares of Heico during the 2nd quarter worth about $145,000. Finally, Pittenger & Anderson Inc. raised its stake in shares of Heico by 20.2% during the 1st quarter. Pittenger & Anderson Inc. now owns 553 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 93 shares in the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Heico Company Profile

HEICO Corporation is an aerospace, defense, and electronics company that designs, manufactures, and distributes specialized products for commercial aviation, defense, space, medical, telecommunications, and other industrial markets. Founded in 1957, the company is headquartered in Hollywood, Florida, and serves customers worldwide, including airlines, original equipment manufacturers, government agencies, and defense contractors.

HEICO operates through two primary segments. Its Flight Support Group produces FAA-approved replacement parts for jet engines and aircraft components, as well as provides aircraft and engine component repair, overhaul, and maintenance services.