Heico (NYSE:HEI.A) Reaches New 12-Month High – What’s Next?

Heico Corporation (NYSE:HEI.A)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $279.66 and last traded at $273.9180, with a volume of 13441 shares changing hands. The stock had previously closed at $274.61.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HEI.A shares. CJS Securities raised Heico to a “strong-buy” rating in a research note on Thursday, December 11th. Zacks Research raised shares of Heico to a “hold” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Heico Price Performance

The firm has a market cap of $37.84 billion, a price-to-earnings ratio of 55.30 and a beta of 1.08. The company’s fifty day moving average is $250.70 and its 200 day moving average is $249.73. The company has a quick ratio of 1.28, a current ratio of 2.83 and a debt-to-equity ratio of 0.49.

Heico (NYSE:HEI.A) last issued its quarterly earnings results on Thursday, December 18th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.20 by $0.13. Heico had a net margin of 15.39% and a return on equity of 16.80%. The firm had revenue of $1.21 billion for the quarter.

Insiders Place Their Bets

In related news, Director Mark H. Hildebrandt purchased 400 shares of the stock in a transaction on Tuesday, October 21st. The shares were purchased at an average price of $248.76 per share, with a total value of $99,504.00. Following the transaction, the director directly owned 1,181 shares of the company’s stock, valued at $293,785.56. This trade represents a 51.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.76% of the stock is currently owned by corporate insiders.

About Heico

Heico Corporation (NYSE: HEI.A) is a diversified aerospace, defense and electronics company headquartered in Hollywood, Florida. The company operates through two primary business segments: the Flight Support Group, which focuses on manufacturing and distributing replacement parts and providing repair and overhaul services for commercial and military aircraft and engines; and the Electronic Technologies Group, which designs and produces high-reliability electronic components, subsystems and sensors for demanding applications.

Products and services include FAA-approved parts and supplemental type certified (STC) solutions, component repair and overhaul, and a range of specialty electronic components and assemblies used in aerospace, defense, space, medical and industrial markets.