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

Heico Corporation (NYSE:HEI) Director Mark Hildebrandt purchased 795 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The stock was bought at an average cost of $220.30 per share, for a total transaction of $175,138.50. Following the purchase, the director owned 50,218 shares in the company, valued at $11,063,025.40. This represents a 1.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Heico Trading Up 3.3%

Shares of HEI stock opened at $308.46 on Friday. Heico Corporation has a 12-month low of $256.11 and a 12-month high of $376.86. The company has a market capitalization of $43.11 billion, a P/E ratio of 51.33, a P/E/G ratio of 2.50 and a beta of 1.09. The firm has a 50-day moving average price of $324.29 and a 200 day moving average price of $320.66. 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 (NYSE:HEI) last posted its quarterly earnings data on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.16. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.36 billion. Heico had a return on equity of 18.00% and a net margin of 16.38%. The business’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 earnings per share. Research analysts forecast that Heico Corporation will post 6.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Jefferies Financial Group set a $430.00 target price on shares of Heico and gave the company a “buy” rating in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft set a $421.00 price target on Heico and gave the company a “buy” rating in a research note on Wednesday, August 19th. Citigroup raised their price target on Heico from $429.00 to $441.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. 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. Finally, Stifel Nicolaus set a $410.00 price objective on Heico in a research note on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Heico has an average rating of “Moderate Buy” and an average target price of $387.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. DSM Capital Partners LLC grew its holdings in Heico by 5.4% during the first quarter. DSM Capital Partners LLC now owns 807 shares of the aerospace company’s stock valued at $221,000 after purchasing an additional 41 shares during the period. Fortress Financial Solutions LLC increased its stake in Heico by 2.8% in the first quarter. Fortress Financial Solutions LLC now owns 1,796 shares of the aerospace company’s stock valued at $493,000 after purchasing an additional 49 shares in the last quarter. Bayban raised its holdings in Heico by 19.6% in the first quarter. Bayban now owns 330 shares of the aerospace company’s stock worth $90,000 after purchasing an additional 54 shares during the period. Athena Wealth Management LLC raised its holdings in Heico by 5.8% in the third quarter. Athena Wealth Management LLC now owns 996 shares of the aerospace company’s stock worth $302,000 after purchasing an additional 55 shares during the period. Finally, Mirador Capital Partners LP raised its holdings in Heico by 1.2% in the second quarter. Mirador Capital Partners LP now owns 5,742 shares of the aerospace company’s stock worth $2,045,000 after purchasing an additional 66 shares during the period. Institutional investors own 27.12% of the company’s stock.

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.