Heico (NYSE:HEI) Director Adolfo Henriques Purchases 676 Shares

Key Points

• Adolfo Henriques, a director at Heico Corporation, purchased **676 shares** at an average price of **$243.93 per share**, totaling **$164,896.68**, which increased his ownership to **24,069 shares** valued at approximately **$5.87 million**.
• Heico's stock reached **$313.34** during trading, with a market capitalization of **$43.62 billion** and a **PE ratio of 68.56**, showing continued strong stock performance.
• Analysts maintain a **"Moderate Buy"** consensus rating for Heico, with a target price of approximately **$346.09**, supported by several brokerages upgrading their ratings.

Heico Corporation (NYSE:HEI - Get Free Report) Director Adolfo Henriques bought 676 shares of the stock in a transaction on Friday, October 10th. The stock was purchased at an average cost of $243.93 per share, with a total value of $164,896.68. Following the purchase, the director directly owned 24,069 shares of the company's stock, valued at approximately $5,871,151.17. This represents a 2.89% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Heico Stock Performance

HEI stock traded up $1.98 during trading hours on Tuesday, reaching $313.34. The stock had a trading volume of 363,554 shares, compared to its average volume of 484,551. The stock has a 50-day simple moving average of $316.35 and a 200 day simple moving average of $297.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.35 and a quick ratio of 1.51. The stock has a market capitalization of $43.62 billion, a PE ratio of 68.56, a price-to-earnings-growth ratio of 3.60 and a beta of 1.08. Heico Corporation has a fifty-two week low of $216.68 and a fifty-two week high of $338.92.

Heico (NYSE:HEI - Get Free Report) last released its earnings results on Monday, August 25th. The aerospace company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.12 by $0.14. Heico had a net margin of 14.96% and a return on equity of 16.29%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm earned $0.97 EPS. The business's quarterly revenue was up 15.7% compared to the same quarter last year. Analysts predict that Heico Corporation will post 4.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HEI. Congress Asset Management Co. increased its stake in shares of Heico by 366.0% in the 2nd quarter. Congress Asset Management Co. now owns 308,457 shares of the aerospace company's stock worth $101,174,000 after acquiring an additional 242,264 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Heico by 68.9% in the 2nd quarter. American Century Companies Inc. now owns 528,145 shares of the aerospace company's stock worth $173,232,000 after acquiring an additional 215,530 shares during the last quarter. Munro Partners acquired a new stake in shares of Heico in the 2nd quarter worth $59,720,000. Mackenzie Financial Corp acquired a new stake in shares of Heico in the 1st quarter worth $40,949,000. Finally, AMJ Financial Wealth Management acquired a new stake in shares of Heico in the 2nd quarter worth $11,552,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HEI. Stifel Nicolaus set a $360.00 target price on shares of Heico in a research report on Tuesday, August 26th. Weiss Ratings reissued a "buy (b)" rating on shares of Heico in a research report on Tuesday. Wall Street Zen upgraded shares of Heico from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Morgan Stanley lifted their price objective on shares of Heico from $305.00 to $330.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Finally, Bank of America lifted their target price on Heico from $355.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $346.09.

Heico Company Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.

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