Heico (NYSE:HEI.A) Stock: Insider Alan Schriesheim Acquires 795 Shares

Heico Corporation (NYSE:HEI.A) Director Alan Schriesheim purchased 795 shares of the company’s stock in a transaction on Thursday, October 8th. The stock was purchased at an average cost of $220.30 per share, for a total transaction of $175,138.50. Following the purchase, the director directly owned 1,202 shares in the company, valued at approximately $264,800.60. This trade represents a 195.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Heico Stock Performance

Shares of Heico stock opened at $223.94 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.72 and a quick ratio of 1.27. The firm has a market cap of $31.30 billion, a price-to-earnings ratio of 36.80 and a beta of 1.13. The stock’s 50-day moving average is $241.01 and its 200-day moving average is $237.71. Heico Corporation has a one year low of $199.35 and a one year high of $279.66.

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

Trending Headlines about Heico

Here are the key news stories impacting Heico this week:

• Positive Sentiment: Six HEICO directors—Nandakumar Cheruvatath, Adolfo Henriques, Alan Schriesheim, Carol F. Fine, Mark H. Hildebrandt and Thomas M. Culligan—each purchased 795 shares at an average price of $220.30. The combined purchases were worth approximately $1.05 million and increased their individual holdings. SEC insider filing
• Positive Sentiment: Director Julie Neitzel bought 592 shares for approximately $174,600 at an average price of $294.93, increasing her position by about 142%. Across the seven reported transactions, directors purchased roughly 5,362 shares valued at approximately $1.23 million. Coordinated insider buying can support investor confidence in HEICO’s outlook. SEC insider filing
• Positive Sentiment: Zacks Research upgraded HEICO from “hold” to “strong buy” on October 2. MarketBeat reports a “strong buy” consensus rating, adding further support to the bullish case. HEICO analyst information
• Neutral Sentiment: The insider purchases were made by directors rather than operating executives and do not directly alter HEICO’s financial outlook. The stock remains valued at a relatively high earnings multiple, while trading below its 50-day and 200-day moving averages, leaving investors focused on upcoming results and whether forecast fiscal-year EPS of $6.25 can support the valuation.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Heico from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating. According to MarketBeat, the stock currently 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.