Heico (NYSE:HEI.A) Shares Gap Up – What’s Next?

Heico Corporation (NYSE:HEI.A)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $229.79, but opened at $249.97. Heico shares last traded at $257.03, with a volume of 40,394 shares.

Heico Stock Up 0.8%

The business has a 50-day simple moving average of $217.82 and a two-hundred day simple moving average of $239.13. The company has a market cap of $36.21 billion, a price-to-earnings ratio of 46.35 and a beta of 1.00. The company has a quick ratio of 1.41, a current ratio of 3.06 and a debt-to-equity ratio of 0.55.

Heico (NYSE:HEI.A) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $1.66 earnings per share for the quarter. Heico had a return on equity of 17.98% and a net margin of 16.08%.The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.22 billion.

Insider Buying and Selling at Heico

In other Heico news, Director Julie Neitzel sold 676 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total value of $150,748.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 9.76% of the stock is owned by corporate insiders.

About Heico

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.