Heico (NYSE:HEI.A) Director Alan Schriesheim Acquires 795 Shares of Company Stock

Heico Corporation (NYSE:HEI.A) Director Alan Schriesheim bought 795 shares of the firm’s stock in a transaction on Thursday, October 8th. The shares were acquired at an average price of $220.30 per share, for a total transaction of $175,138.50. Following the transaction, the director owned 1,202 shares in the company, valued at approximately $264,800.60. This represents a 195.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Heico Stock Performance

Shares of HEI.A traded down $1.62 during mid-day trading on Tuesday, hitting $221.25. 290,135 shares of the company’s stock were exchanged, compared to its average volume of 319,748. Heico Corporation has a 52 week low of $199.35 and a 52 week high of $279.66. The stock’s 50-day simple moving average is $242.77 and its 200-day simple moving average is $237.55. The firm has a market cap of $30.92 billion, a price-to-earnings ratio of 36.81 and a beta of 1.13. 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 (NYSE:HEI.A) last released its quarterly earnings results on Tuesday, August 25th. The company reported $1.67 earnings per share for the quarter. The company had revenue of $1.41 billion during the quarter. Heico had a net margin of 16.38% and a return on equity of 18.00%. On average, equities research analysts expect that Heico Corporation will post 6.25 EPS for the current year.

Analyst Ratings Changes

Separately, Zacks Research raised Heico from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the company has an average rating of “Strong Buy”.

About Heico

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.