Heico (NYSE:HEI.A) Director Buys $175,138.50 in Stock

Heico Corporation (NYSE:HEI.A) Director Adolfo Henriques acquired 795 shares of the stock in a transaction dated Thursday, October 8th. The stock was acquired at an average price of $220.30 per share, for a total transaction of $175,138.50. Following the completion of the transaction, the director directly owned 24,864 shares of the company’s stock, valued at approximately $5,477,539.20. This represents a 3.30% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Heico Stock Performance

NYSE HEI.A opened at $231.50 on Friday. The firm has a market cap of $32.35 billion, a price-to-earnings ratio of 37.34 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. The business has a 50-day moving average price of $240.38 and a 200-day moving average price of $237.88. Heico Corporation has a twelve month low of $199.35 and a twelve month high of $279.66.

Heico (NYSE:HEI.A) last released its earnings results on Tuesday, August 25th. The company reported $1.67 earnings per share (EPS) for the quarter. The firm 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%. As a group, equities research analysts predict that Heico Corporation will post 6.25 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research raised shares of 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. Based on data from MarketBeat.com, Heico presently has a consensus 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.