Heico (NYSE:HEI.A) Director Purchases $174,598.56 in Stock

Heico Corporation (NYSE:HEI.A) Director Julie Neitzel purchased 592 shares of the firm’s stock in a transaction on Thursday, October 8th. The shares were purchased at an average price of $294.93 per share, with a total value of $174,598.56. Following the completion of the acquisition, the director directly owned 1,010 shares of the company’s stock, valued at approximately $297,879.30. This trade represents a 141.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Heico Trading Up 3.2%

Shares of NYSE:HEI.A opened at $231.50 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72. The stock’s 50-day moving average is $240.38 and its 200-day moving average is $237.88. The company has a market cap of $32.35 billion, a P/E ratio of 37.34 and a beta of 1.13. Heico Corporation has a 52-week low of $199.35 and a 52-week 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 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 research analysts predict that Heico Corporation will post 6.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

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