Heico (NYSE:HEI.A) Share Price Breaks Above 200-Day Moving Average – Should You Sell?

Heico Corporation (NYSE:HEI.A) shares crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $239.55 and traded as high as $245.76. Heico shares last traded at $244.7980, with a volume of 281,147 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Heico from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Heico Stock Down 2.4%

The firm has a 50 day simple moving average of $233.34 and a two-hundred day simple moving average of $239.37. The company has a market capitalization of $33.41 billion, a PE ratio of 39.78 and a beta of 1.13. The company has a current ratio of 2.72, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51.

Heico (NYSE:HEI.A) last announced its quarterly earnings data on Tuesday, August 25th. The company reported $1.67 earnings per share for the quarter. The company had revenue of $1.41 billion for the quarter. Heico had a return on equity of 18.00% and a net margin of 16.38%.

Insider Activity

In other Heico news, Director Alan Schriesheim bought 795 shares of Heico stock in a transaction on Thursday, October 8th. The stock was bought at an average price of $220.30 per share, with a total value of $175,138.50. Following the completion of the acquisition, the director owned 1,202 shares in the company, valued at $264,800.60. The trade was a 195.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nandakumar Cheruvatath bought 795 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 4,877 shares in the company, valued at approximately $1,074,403.10. This represents a 19.48% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 5,362 shares of company stock valued at $1,225,430 over the last three months. 9.76% of the stock is currently owned by corporate insiders.

About Heico

HEICO Corporation is a diversified aerospace, defense, electronics and industrial technology company headquartered in Hollywood, Florida. Founded in 1957, the company develops and manufactures products used by commercial and regional airlines, aircraft manufacturers, defense contractors, space companies, medical organizations, telecommunications providers and other industrial customers worldwide.

HEICO operates through two primary business segments. Its Flight Support Group supplies FAA-approved replacement parts and provides repair, overhaul and other maintenance services for commercial and military aircraft.