Heico (NYSE:HEI) Director Carol Fine Purchases 795 Shares of Stock

Heico Corporation (NYSE:HEI) Director Carol Fine 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, 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 represents a 118.30% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Heico Stock Performance

Shares of HEI opened at $297.21 on Wednesday. The firm has a 50-day moving average price of $326.78 and a 200 day moving average price of $320.23. The firm has a market capitalization of $41.54 billion, a PE ratio of 49.45, a P/E/G ratio of 2.49 and a beta of 1.09. The company has a quick ratio of 1.27, a current ratio of 2.72 and a debt-to-equity ratio of 0.51. Heico Corporation has a 52-week low of $256.11 and a 52-week high of $376.86.

Heico (NYSE:HEI) last released its earnings results on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, beating the consensus estimate 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 net margin of 16.38% and a return on equity of 18.00%. Heico’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the company earned $1.26 EPS. On average, sell-side analysts anticipate that Heico Corporation will post 6.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Heico

A number of institutional investors and hedge funds have recently bought and sold shares of HEI. Diamant Asset Management Inc. boosted its position in shares of Heico by 25,698.9% during the 1st quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company’s stock valued at $209,392,000 after purchasing an additional 760,687 shares in the last quarter. Munro Partners grew its stake in shares of Heico by 44.2% in the 4th quarter. Munro Partners now owns 284,898 shares of the aerospace company’s stock worth $92,190,000 after purchasing an additional 87,265 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Heico in the 2nd quarter worth approximately $54,386,000. Weitz Investment Management Inc. bought a new stake in shares of Heico in the 2nd quarter worth approximately $52,737,000. Finally, Freestone Grove Partners LP acquired a new stake in Heico during the second quarter valued at approximately $50,276,000. 27.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HEI shares. Guggenheim began coverage on Heico in a report on Monday, September 14th. They set a “neutral” rating on the stock. Stifel Nicolaus set a $410.00 price target on Heico in a research note on Thursday, August 27th. UBS Group reiterated a “neutral” rating and set a $396.00 price target (up from $382.00) on shares of Heico in a research report on Thursday, August 27th. Citigroup lifted their price target on Heico from $429.00 to $441.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Finally, Melius Research set a $350.00 price objective on Heico and gave the stock a “hold” rating in a research note on Monday, September 14th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Heico has a consensus rating of “Moderate Buy” and an average target price of $387.00.

Key Headlines Impacting Heico

Here are the key news stories impacting Heico this week:

• Positive Sentiment: Seven Heico directors reported open-market purchases made on October 8. Six directors each bought 795 shares at approximately $220.30 per share, while Julie Neitzel purchased 592 shares at $294.93. Collectively, the purchases represented roughly $1.23 million of insider buying and increased each director’s existing stake, a signal that board members may view the recent share-price weakness as an attractive entry point. SEC insider transaction filings
• Positive Sentiment: Co-CEOs and Co-Chairmen Eric Mendelson and Victor received the Wright Brothers Memorial Award, providing favorable recognition of Heico’s leadership and aerospace-industry contributions. The award is primarily reputational and does not immediately change the company’s financial outlook. Wright Brothers Memorial Award article

Heico Company Profile

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.