Heico (NYSE:HEI.A) Sets New 12-Month High – Here’s What Happened

Heico Corporation (NYSE:HEI.AGet Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $266.26 and last traded at $267.0150, with a volume of 15043 shares traded. The stock had previously closed at $257.25.

Analyst Upgrades and Downgrades

Several analysts have commented on HEI.A shares. CJS Securities upgraded Heico to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research upgraded Heico to a “hold” rating in a report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Check Out Our Latest Research Report on HEI.A

Heico Price Performance

The company’s fifty day moving average is $247.55 and its two-hundred day moving average is $248.83. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 2.83. The firm has a market cap of $36.86 billion, a price-to-earnings ratio of 53.88 and a beta of 1.08.

Heico (NYSE:HEI.AGet Free Report) last issued its quarterly earnings data on Thursday, December 18th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.13. Heico had a return on equity of 16.80% and a net margin of 15.39%.The company had revenue of $1.21 billion for the quarter.

Insider Buying and Selling

In other news, Director Carol F. Fine bought 672 shares of Heico stock in a transaction dated Friday, October 10th. The shares were acquired at an average cost of $243.93 per share, with a total value of $163,920.96. Following the completion of the transaction, the director owned 672 shares in the company, valued at approximately $163,920.96. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark H. Hildebrandt purchased 400 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The shares were purchased at an average cost of $248.76 per share, for a total transaction of $99,504.00. Following the purchase, the director directly owned 1,181 shares in the company, valued at $293,785.56. This trade represents a 51.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 4,448 shares of company stock valued at $1,086,933 over the last three months. Company insiders own 9.76% of the company’s stock.

About Heico

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Heico Corporation (NYSE: HEI.A) is a diversified aerospace, defense and electronics company headquartered in Hollywood, Florida. The company operates through two primary business segments: the Flight Support Group, which focuses on manufacturing and distributing replacement parts and providing repair and overhaul services for commercial and military aircraft and engines; and the Electronic Technologies Group, which designs and produces high-reliability electronic components, subsystems and sensors for demanding applications.

Products and services include FAA-approved parts and supplemental type certified (STC) solutions, component repair and overhaul, and a range of specialty electronic components and assemblies used in aerospace, defense, space, medical and industrial markets.

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