Insider Buying: Heico (NYSE:HEI) Director Buys 676 Shares of Stock

Key Points

• Heico Corporation Director Mark Hildebrandt purchased 676 shares of stock for a total of $164,896.68, increasing his holding to 49,423 shares valued at over $12 million.
• The company's recent quarterly earnings showed an EPS of $1.26, exceeding analyst estimates, with revenue up 15.7% year-over-year at $1.15 billion.
• Analysts have offered mixed ratings on Heico, with Barclays raising its target price from $280 to $300, while the consensus rating remains a "Moderate Buy" with a price target of $346.09.

Heico Corporation (NYSE:HEI - Get Free Report) Director Mark Hildebrandt bought 676 shares of Heico stock in a transaction that occurred on Friday, October 10th. The stock was bought at an average cost of $243.93 per share, for a total transaction of $164,896.68. Following the purchase, the director owned 49,423 shares in the company, valued at $12,055,752.39. This represents a 1.39% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Heico Trading Up 0.6%

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

Heico (NYSE:HEI - Get Free Report) last issued its quarterly 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. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.11 billion. Heico had a net margin of 14.96% and a return on equity of 16.29%. The company's quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 earnings per share. Equities research analysts expect that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HEI shares. Barclays boosted their target price on shares of Heico from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Tuesday, September 2nd. Weiss Ratings reissued a "buy (b)" rating on shares of Heico in a research report on Tuesday. Zacks Research raised shares of Heico to a "hold" rating in a research report on Monday, August 11th. Wall Street Zen raised shares of Heico from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, Stifel Nicolaus set a $360.00 price objective on shares of Heico in a research report on Tuesday, August 26th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $346.09.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Artemis Investment Management LLP bought a new position in Heico during the 1st quarter valued at $7,612,000. Baker Avenue Asset Management LP acquired a new position in Heico during the 1st quarter valued at about $345,000. Freedom Day Solutions LLC acquired a new position in Heico during the 1st quarter valued at about $2,653,000. Praxis Investment Management Inc. grew its stake in shares of Heico by 24.9% in the 1st quarter. Praxis Investment Management Inc. now owns 8,830 shares of the aerospace company's stock worth $2,359,000 after purchasing an additional 1,760 shares during the last quarter. Finally, Global Trust Asset Management LLC grew its stake in shares of Heico by 145.2% in the 2nd quarter. Global Trust Asset Management LLC now owns 4,610 shares of the aerospace company's stock worth $1,512,000 after purchasing an additional 2,730 shares during the last quarter. 27.12% of the stock is currently owned by 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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