Heico (NYSE:HEI.A) Shares Down 0.2% - Here's Why

Key Points

• Heico Corporation's shares decreased by 0.2% on Tuesday, with a trading range between $255.03 and $255.16, and a total volume of approximately 281,217 shares.
• The company reported $1.15 billion in revenue and $1.26 EPS for its last quarterly earnings, along with a net margin of 14.96%.
• Chairman Laurans A. Mendelson sold 56,300 shares of stock in July, reducing his ownership by 4.30% while retaining over 1.25 million shares valued at approximately $400 million.

Shares of Heico Corporation (NYSE:HEI.A - Get Free Report) dropped 0.2% on Tuesday . The stock traded as low as $255.03 and last traded at $255.16. Approximately 281,217 shares traded hands during trading, an increase of 41% from the average daily volume of 199,360 shares. The stock had previously closed at $255.66.

Heico Price Performance

The company has a market capitalization of $35.52 billion, a PE ratio of 55.83 and a beta of 1.10. The firm has a fifty day moving average of $249.43 and a two-hundred day moving average of $228.87. The company has a current ratio of 3.35, a quick ratio of 1.51 and a debt-to-equity ratio of 0.58.

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

Insider Buying and Selling

In other Heico news, Chairman Laurans A. Mendelson sold 56,300 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $319.45, for a total transaction of $17,985,035.00. Following the completion of the transaction, the chairman owned 1,253,127 shares of the company's stock, valued at $400,311,420.15. This represents a 4.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 9.76% of the stock is owned by insiders.

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. 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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