Heico (NYSE:HEI) Director Julie Neitzel Buys 676 Shares

Key Points

• Heico Director Julie Neitzel bought 676 shares of the company's stock on October 10th for approximately $164,896.68, signaling confidence in the company's future.
• Heico's latest earnings report showed an EPS of $1.26, exceeding estimates and indicating revenue growth of 15.7% year-over-year.
• Several analysts have issued a “buy” rating for Heico, with the average target price set at $346.09, highlighting strong market sentiment towards the stock.

Heico Corporation (NYSE:HEI - Get Free Report) Director Julie Neitzel purchased 676 shares of the company's stock in a transaction dated Friday, October 10th. The shares were bought at an average price of $243.93 per share, for a total transaction of $164,896.68. Following the completion of the transaction, the director directly owned 676 shares in the company, valued at approximately $164,896.68. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Heico Stock Performance

Shares of Heico stock traded up $1.98 on Tuesday, reaching $313.34. 363,554 shares of the company were exchanged, compared to its average volume of 484,551. Heico Corporation has a 1-year low of $216.68 and a 1-year high of $338.92. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.51 and a current ratio of 3.35. The firm has a market cap of $43.62 billion, a price-to-earnings ratio of 68.56, a P/E/G ratio of 3.60 and a beta of 1.08. The company's 50-day moving average is $316.35 and its two-hundred day moving average is $297.88.

Heico (NYSE:HEI - Get Free Report) last posted 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. The firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.11 billion. Heico had a return on equity of 16.29% and a net margin of 14.96%.The firm's revenue was up 15.7% compared to the same quarter last year. During the same period last year, the firm earned $0.97 EPS. As a group, research analysts expect that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Heico in a report on Tuesday. Jefferies Financial Group reissued a "buy" rating on shares of Heico in a research report on Monday, August 18th. Truist Financial lifted their target price on Heico from $352.00 to $366.00 and gave the stock a "buy" rating in a research report on Wednesday, August 27th. UBS Group lifted their price objective on Heico from $346.00 to $375.00 and gave the company a "neutral" rating in a report on Wednesday, August 27th. Finally, Zacks Research upgraded shares of Heico to a "hold" rating in a research note on Monday, August 11th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $346.09.

Institutional Investors Weigh In On Heico

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Avalon Capital Management raised its stake in shares of Heico by 0.9% during the second quarter. Avalon Capital Management now owns 3,895 shares of the aerospace company's stock worth $1,278,000 after acquiring an additional 33 shares in the last quarter. Ridgewood Investments LLC raised its holdings in shares of Heico by 36.5% during the second quarter. Ridgewood Investments LLC now owns 131 shares of the aerospace company's stock valued at $43,000 after acquiring an additional 35 shares in the last quarter. Barrett & Company Inc. raised its holdings in shares of Heico by 1.6% during the second quarter. Barrett & Company Inc. now owns 3,216 shares of the aerospace company's stock valued at $1,055,000 after acquiring an additional 50 shares in the last quarter. Emerald Advisers LLC raised its holdings in shares of Heico by 1.9% during the second quarter. Emerald Advisers LLC now owns 3,000 shares of the aerospace company's stock valued at $984,000 after acquiring an additional 56 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC raised its holdings in shares of Heico by 1.4% during the second quarter. Moody Lynn & Lieberson LLC now owns 4,230 shares of the aerospace company's stock valued at $1,387,000 after acquiring an additional 60 shares in the last quarter. 27.12% of the stock is owned by institutional investors.

About Heico

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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