Insider Buying: Heico (NYSE:HEI) Director Acquires 672 Shares of Stock

Key Points

• Heico Corporation's Director Carol Fine purchased 672 shares of stock on October 10th at an average price of $243.93 per share, totaling approximately $163,920.96.
• The company's stock experienced a 0.6% increase, reaching $313.34 during midday trading, with a current market capitalization of $43.62 billion.
• Heico's recent earnings report showed a 15.7% revenue increase year-over-year, with earnings per share at $1.26, surpassing analysts' expectations by $0.14.

Heico Corporation (NYSE:HEI - Get Free Report) Director Carol Fine purchased 672 shares of the company's stock in a transaction dated Friday, October 10th. The shares were purchased at an average cost of $243.93 per share, for a total transaction of $163,920.96. Following the transaction, the director directly owned 672 shares in the company, valued at approximately $163,920.96. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Heico Stock Up 0.6%

Heico stock traded up $1.98 during midday trading on Tuesday, reaching $313.34. The company's stock had a trading volume of 363,554 shares, compared to its average volume of 484,551. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.35 and a quick ratio of 1.51. The stock's 50-day simple moving average is $316.35 and its 200-day simple moving average is $297.88. Heico Corporation has a 52-week low of $216.68 and a 52-week high of $338.92. The stock has a market capitalization of $43.62 billion, a P/E ratio of 68.56, a PEG ratio of 3.60 and a beta of 1.08.

Heico (NYSE:HEI - Get Free Report) last released its earnings results on Monday, August 25th. The aerospace company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.14. Heico had a net margin of 14.96% and a return on equity of 16.29%. The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the company earned $0.97 earnings per share. The company's quarterly revenue was up 15.7% on a year-over-year basis. On average, sell-side analysts expect that Heico Corporation will post 4.2 EPS for the current year.

Institutional Trading of Heico

A number of large investors have recently added to or reduced their stakes in the company. Embree Financial Group boosted its position in shares of Heico by 1.9% during the 3rd quarter. Embree Financial Group now owns 4,103 shares of the aerospace company's stock worth $1,324,000 after acquiring an additional 77 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Heico during the third quarter worth about $5,974,000. Union Bancaire Privee UBP SA increased its stake in shares of Heico by 13.1% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 4,222 shares of the aerospace company's stock worth $1,363,000 after purchasing an additional 489 shares during the last quarter. Mirador Capital Partners LP boosted its holdings in shares of Heico by 11.5% in the third quarter. Mirador Capital Partners LP now owns 5,052 shares of the aerospace company's stock worth $1,631,000 after acquiring an additional 523 shares during the period. Finally, New England Research & Management Inc. purchased a new position in Heico during the third quarter worth about $395,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HEI shares. Wall Street Zen upgraded Heico from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. UBS Group raised their price target on shares of Heico from $346.00 to $375.00 and gave the company a "neutral" rating in a report on Wednesday, August 27th. Weiss Ratings restated a "buy (b)" rating on shares of Heico in a research note on Tuesday. Bank of America upped their price objective on Heico from $355.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Finally, Zacks Research raised 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $346.09.

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. 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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