Heico (NYSE:HEI.A) Director Nandakumar Cheruvatath Buys 795 Shares of Stock

Heico Corporation (NYSE:HEI.A) Director Nandakumar Cheruvatath bought 795 shares of Heico stock in a transaction on Thursday, October 8th. The shares were acquired at an average price 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 of the company’s stock, valued at approximately $1,074,403.10. This represents a 19.48% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Heico Trading Down 0.7%

NYSE:HEI.A traded down $1.62 on Tuesday, reaching $221.25. The company’s stock had a trading volume of 290,135 shares, compared to its average volume of 319,748. Heico Corporation has a 1-year low of $199.35 and a 1-year high of $279.66. The business’s 50-day moving average price is $242.77 and its two-hundred day moving average price is $237.55. The firm has a market cap of $30.92 billion, a PE ratio of 36.81 and a beta of 1.13. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72.

Heico (NYSE:HEI.A) last released its quarterly earnings results on Tuesday, August 25th. The company reported $1.67 EPS for the quarter. Heico had a return on equity of 18.00% and a net margin of 16.38%. The company had revenue of $1.41 billion for the quarter. Equities research analysts anticipate that Heico Corporation will post 6.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.