Heico (NYSE:HEI.A) Director Purchases $164,896.68 in Stock

Key Points

• Director Thomas Culligan of Heico Corporation (NYSE:HEI.A) purchased 676 shares of stock for a total value of $164,896.68, increasing his ownership by 6.53%.
• The company reported quarterly earnings of $1.26 per share with a revenue of $1.15 billion and a net margin of 14.96%.
• Heico's stock price reached $246.09 per share, with a market capitalization of $34.26 billion and trading volume lower than its average on the day of the transaction.

Heico Corporation (NYSE:HEI.A - Get Free Report) Director Thomas Culligan purchased 676 shares of the business's stock in a transaction that occurred on Friday, October 10th. The shares were purchased at an average cost of $243.93 per share, with a total value of $164,896.68. Following the completion of the acquisition, the director directly owned 11,030 shares in the company, valued at $2,690,547.90. The trade was a 6.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Heico Price Performance

Shares of NYSE HEI.A traded up $1.08 during trading on Tuesday, reaching $246.09. The company had a trading volume of 126,866 shares, compared to its average volume of 235,759. Heico Corporation has a 52 week low of $174.82 and a 52 week high of $264.71. The stock has a market cap of $34.26 billion, a PE ratio of 53.85 and a beta of 1.11. 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 business's 50 day moving average price is $248.72 and its 200-day moving average price is $234.74.

Heico (NYSE:HEI.A - Get Free Report) last posted its quarterly earnings results on Monday, August 25th. The company reported $1.26 earnings per share for the quarter. Heico had a return on equity of 16.29% and a net margin of 14.96%.The company had revenue of $1.15 billion for the quarter.

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. The company's 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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