HEICO (NYSE:HEI.A) Sets New 12-Month High - What's Next?

HEICO Co. (NYSE:HEI.A - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $232.94 and last traded at $231.12, with a volume of 64526 shares trading hands. The stock had previously closed at $216.23.

HEICO Trading Up 6.7%

The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The company has a market cap of $32.05 billion, a PE ratio of 63.02 and a beta of 1.08. The business's 50-day simple moving average is $205.83 and its 200-day simple moving average is $199.15.

HEICO (NYSE:HEI.A - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The company reported $1.12 EPS for the quarter. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The company had revenue of $1.10 billion for the quarter.

Insider Buying and Selling

In related news, Director Julie Neitzel sold 700 shares of HEICO stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $246.23, for a total transaction of $172,361.00. Following the completion of the transaction, the director now directly owns 418 shares of the company's stock, valued at $102,924.14. This trade represents a 62.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alan Schriesheim sold 50,000 shares of HEICO stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the transaction, the director now directly owns 157,197 shares of the company's stock, valued at $37,659,685.29. This represents a 24.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.76% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.