Heico (NYSE:HEI) Director Acquires $175,138.50 in Stock

Heico Corporation (NYSE:HEI) Director Thomas Culligan acquired 795 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The shares were bought at an average price of $220.30 per share, with a total value of $175,138.50. Following the completion of the transaction, the director directly owned 11,825 shares in the company, valued at approximately $2,605,047.50. The trade was a 7.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Heico Price Performance

HEI stock opened at $308.46 on Friday. Heico Corporation has a 1 year low of $256.11 and a 1 year high of $376.86. 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’s 50 day moving average price is $324.29 and its 200 day moving average price is $320.66. The firm has a market cap of $43.11 billion, a P/E ratio of 51.33, a PEG ratio of 2.50 and a beta of 1.09.

Heico (NYSE:HEI) last announced its earnings results on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.16. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Heico had a return on equity of 18.00% and a net margin of 16.38%. Heico’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 EPS. On average, sell-side analysts expect that Heico Corporation will post 6.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Heico

A number of large investors have recently bought and sold shares of HEI. NFSG Corp purchased a new stake in shares of Heico during the 3rd quarter worth about $31,000. Fortress Financial Solutions LLC acquired a new stake in Heico during the 3rd quarter worth approximately $418,000. Union Savings Bank raised its holdings in Heico by 7,700.0% in the third quarter. Union Savings Bank now owns 1,326 shares of the aerospace company’s stock valued at $402,000 after buying an additional 1,309 shares during the period. MinichMacGregor Wealth Management LLC raised its holdings in Heico by 3.0% in the third quarter. MinichMacGregor Wealth Management LLC now owns 23,553 shares of the aerospace company’s stock valued at $7,141,000 after buying an additional 683 shares during the period. Finally, Mirador Capital Partners LP raised its holdings in Heico by 4.0% in the third quarter. Mirador Capital Partners LP now owns 5,974 shares of the aerospace company’s stock valued at $1,811,000 after buying an additional 232 shares during the period. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HEI shares. Wall Street Zen lowered Heico from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Deutsche Bank Aktiengesellschaft set a $421.00 target price on shares of Heico and gave the company a “buy” rating in a research note on Wednesday, August 19th. Jefferies Financial Group set a $430.00 target price on shares of Heico and gave the company a “buy” rating in a research note on Wednesday, August 26th. Morgan Stanley set a $365.00 target price on shares of Heico and gave the company an “equal weight” rating in a report on Wednesday, September 2nd. Finally, UBS Group reaffirmed a “neutral” rating and set a $396.00 price target (up from $382.00) on shares of Heico in a research note on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Heico presently has a consensus rating of “Moderate Buy” and an average price target of $387.00.

About Heico

HEICO Corporation is an aerospace, defense, and electronics company that designs, manufactures, and distributes specialized products for commercial aviation, defense, space, medical, telecommunications, and other industrial markets. Founded in 1957, the company is headquartered in Hollywood, Florida, and serves customers worldwide, including airlines, original equipment manufacturers, government agencies, and defense contractors.

HEICO operates through two primary segments. Its Flight Support Group produces FAA-approved replacement parts for jet engines and aircraft components, as well as provides aircraft and engine component repair, overhaul, and maintenance services.