Insider Buying: Heico (NYSE:HEI) Director Buys 400 Shares of Stock

Key Points

• Heico Corporation Director Mark Hildebrandt purchased 400 shares of stock at an average price of $248.76, increasing his ownership by 51.22% to a total of 1,181 shares.
• Shares of Heico recently traded up 1.8% to $317.55, with analysts setting a consensus target price of $346.09 and many rating it as a "Moderate Buy."
• For the last quarter, Heico reported earnings of $1.26 per share, surpassing the expected $1.12, and achieved a revenue of $1.15 billion, reflecting a 15.7% year-over-year increase.

Heico Corporation (NYSE:HEI - Get Free Report) Director Mark Hildebrandt bought 400 shares of Heico stock in a transaction that occurred on Tuesday, October 21st. The stock was purchased at an average cost of $248.76 per share, for a total transaction of $99,504.00. Following the purchase, the director owned 1,181 shares of the company's stock, valued at $293,785.56. The trade was a 51.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Heico Trading Up 1.8%

Shares of NYSE:HEI traded up $5.57 on Thursday, reaching $317.55. 242,494 shares of the company traded hands, compared to its average volume of 476,898. The business's 50-day simple moving average is $315.83 and its 200 day simple moving average is $299.75. 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 $44.21 billion, a P/E ratio of 69.48, a price-to-earnings-growth ratio of 3.69 and a beta of 1.08. 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 - Get Free Report) last posted its earnings results on Monday, August 25th. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.14. 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, compared to analysts' expectations of $1.11 billion. During the same period last year, the firm earned $0.97 earnings per share. Heico's quarterly revenue was up 15.7% on a year-over-year basis. As a group, equities analysts anticipate that Heico Corporation will post 4.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on HEI shares. Barclays raised their price objective on shares of Heico from $280.00 to $300.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 2nd. Bank of America boosted their target price on shares of Heico from $355.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, September 5th. UBS Group lifted their price objective on Heico from $346.00 to $375.00 and gave the company a "neutral" rating in a research report on Wednesday, August 27th. Jefferies Financial Group restated a "buy" rating on shares of Heico in a research report on Monday, August 18th. Finally, Truist Financial lifted their price target on shares of Heico from $352.00 to $366.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $346.09.

Institutional Investors Weigh In On Heico

Large investors have recently added to or reduced their stakes in the stock. XML Financial LLC bought a new position in shares of Heico during the 1st quarter worth approximately $209,000. Value Partners Investments Inc. purchased a new stake in Heico during the first quarter worth $604,000. KPP Advisory Services LLC purchased a new stake in Heico during the first quarter worth $234,000. Total Wealth Planning & Management Inc. lifted its holdings in Heico by 5.7% during the first quarter. Total Wealth Planning & Management Inc. now owns 2,835 shares of the aerospace company's stock valued at $757,000 after purchasing an additional 154 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new position in Heico during the first quarter valued at $7,612,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

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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