Heico (NYSE:HEI.A) Trading Down 0.2% - Time to Sell?

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.

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

Heico Stock Down 1.8%

The firm has a market capitalization of $34.66 billion, a price-to-earnings ratio of 54.48 and a beta of 1.10. The business's 50-day moving average is $249.79 and its two-hundred day moving average is $229.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.51 and a current ratio of 3.35.

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

Insiders Place Their Bets

In related news, Chairman Laurans A. Mendelson sold 56,300 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $319.45, for a total transaction of $17,985,035.00. Following the transaction, the chairman directly owned 1,253,127 shares in the company, valued at approximately $400,311,420.15. The trade was a 4.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.76% of the company's stock.

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.