Insider Selling: Heico (NYSE:HEI) CAO Sells 1,326 Shares of Stock

Heico Corporation (NYSE:HEI) CAO Bradley Rowen sold 1,326 shares of Heico stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total transaction of $320,401.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Heico Stock Up 2.2%

Shares of Heico stock traded up $6.91 on Thursday, hitting $327.79. The company had a trading volume of 117,005 shares, compared to its average volume of 657,815. The stock has a 50-day moving average of $295.19 and a 200-day moving average of $312.26. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.92 and a quick ratio of 1.36. Heico Corporation has a twelve month low of $256.11 and a twelve month high of $361.69. The firm has a market capitalization of $45.78 billion, a P/E ratio of 58.53, a P/E/G ratio of 3.48 and a beta of 1.03.

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

Hedge Funds Weigh In On Heico

Hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC increased its holdings in Heico by 216.7% during the first quarter. Acadian Asset Management LLC now owns 1,381 shares of the aerospace company’s stock worth $368,000 after buying an additional 945 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in Heico in the second quarter valued at $2,338,000. PDT Partners LLC grew its position in shares of Heico by 52.6% in the 2nd quarter. PDT Partners LLC now owns 39,019 shares of the aerospace company’s stock valued at $12,798,000 after acquiring an additional 13,443 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Heico by 10.8% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,794 shares of the aerospace company’s stock valued at $1,572,000 after acquiring an additional 468 shares during the period. Finally, IHT Wealth Management LLC increased its position in Heico by 2.1% during the second quarter. IHT Wealth Management LLC now owns 5,717 shares of the aerospace company’s stock worth $1,875,000 after buying an additional 117 shares during the last quarter. 27.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HEI. Royal Bank Of Canada boosted their price target on Heico from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Wells Fargo & Company set a $350.00 target price on Heico and gave the company an “equal weight” rating in a research report on Monday, June 1st. Zacks Research raised Heico from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. BNP Paribas Exane raised shares of Heico from a “neutral” rating to an “outperform” rating in a research note on Friday, February 27th. Finally, Susquehanna lifted their price objective on shares of Heico from $321.00 to $365.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.