Bradley Rowen Sells 1,326 Shares of Heico (NYSE:HEI) Stock

Heico Corporation (NYSE:HEI) CAO Bradley Rowen sold 1,326 shares of the stock in a transaction that occurred 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 legal filing with the SEC, which can be accessed through this link.

Heico Stock Performance

NYSE:HEI opened at $331.65 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.92 and a debt-to-equity ratio of 0.53. The company has a market cap of $46.32 billion, a P/E ratio of 59.22, a P/E/G ratio of 3.61 and a beta of 1.03. Heico Corporation has a fifty-two week low of $256.11 and a fifty-two week high of $361.69. The firm’s 50 day moving average is $297.61 and its two-hundred day moving average is $312.65.

Heico (NYSE:HEI) last issued its earnings results on Wednesday, May 27th. The aerospace company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.33. Heico had a net margin of 16.08% and a return on equity of 17.52%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the firm posted $1.12 EPS. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. Analysts expect that Heico Corporation will post 5.78 EPS for the current year.

Institutional Investors Weigh In On Heico

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. purchased a new stake in Heico during the 4th quarter worth $26,000. CBIZ Investment Advisory Services LLC increased its stake in Heico by 1,000.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after buying an additional 80 shares during the period. Birchwood Financial Partners Inc. purchased a new stake in Heico during the 4th quarter worth $32,000. V Square Quantitative Management LLC purchased a new stake in Heico during the 4th quarter worth $37,000. Finally, FNY Investment Advisers LLC increased its stake in Heico by 862.5% during the 4th quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock worth $49,000 after buying an additional 138 shares during the period. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HEI. Rothschild & Co Redburn set a $360.00 target price on shares of Heico and gave the company a “buy” rating in a research note on Wednesday, May 13th. Weiss Ratings downgraded shares of Heico from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company set a $350.00 target price on shares of Heico and gave the company an “equal weight” rating in a research note on Monday, June 1st. Truist Financial raised shares of Heico to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Wall Street Zen raised shares of Heico from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $371.63.

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.