Heico (NYSE:HEI.A) Stock Price Up 5.5% – Time to Buy?

Shares of Heico Corporation (NYSE:HEI.A) rose 5.5% on Friday. The stock traded as high as $235.07 and last traded at $236.7840. Approximately 2,360 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 319,493 shares. The stock had previously closed at $224.42.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Heico from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, Heico has a consensus rating of “Strong Buy”.

Heico Stock Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72. The stock has a fifty day simple moving average of $240.38 and a two-hundred day simple moving average of $237.88. The stock has a market capitalization of $32.76 billion, a price-to-earnings ratio of 38.93 and a beta of 1.13.

Heico (NYSE:HEI.A) last posted its quarterly earnings data on Tuesday, August 25th. The company reported $1.67 earnings per share 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%. Analysts forecast that Heico Corporation will post 6.25 earnings per share for the current fiscal year.

Insider Activity at Heico

In other Heico news, Director Nandakumar Cheruvatath bought 795 shares of the stock in a transaction on Thursday, October 8th. The stock was acquired at an average cost of $220.30 per share, for a total transaction of $175,138.50. Following the completion of the acquisition, the director owned 4,877 shares in the company, valued at $1,074,403.10. This trade represents a 19.48% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Carol F. Fine purchased 795 shares of the company’s stock in a transaction on Thursday, October 8th. The stock was acquired at an average cost of $220.30 per share, for a total transaction of $175,138.50. Following the completion of the purchase, the director owned 1,467 shares of the company’s stock, valued at approximately $323,180.10. This trade represents a 118.30% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 5,362 shares of company stock worth $1,225,430 over the last quarter. 9.76% of the stock is owned by company insiders.

Heico Company Profile

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.