Heico (NYSE:HEI) Director Adolfo Henriques Purchases 795 Shares of Stock

Key Points

• Director Adolfo Henriques purchased 795 Heico shares at an average price of $220.30, investing $175,138.50 and increasing his direct holdings by 3.3% to 24,864 shares.
• Heico reported quarterly EPS of $1.67, exceeding estimates by $0.16, while revenue rose 23.1% year over year to $1.41 billion.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $387 versus the reported share price of $297.21.

Heico Corporation (NYSE:HEI - Get Free Report) Director Adolfo Henriques acquired 795 shares of the firm's stock in a transaction dated Thursday, October 8th. The stock was bought at an average price of $220.30 per share, with a total value of $175,138.50. Following the purchase, the director directly owned 24,864 shares in the company, valued at approximately $5,477,539.20. This trade represents a 3.30% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Heico Stock Up 0.0%

Shares of HEI stock traded up $0.12 on Tuesday, reaching $297.21. 477,999 shares of the stock were exchanged, compared to its average volume of 578,031. The company has a market capitalization of $41.54 billion, a price-to-earnings ratio of 49.45, a PEG ratio of 2.51 and a beta of 1.09. The business's 50 day moving average price is $328.21 and its 200 day moving average price is $320.11. The company has a current ratio of 2.72, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. Heico Corporation has a twelve month low of $256.11 and a twelve month high of $376.86.

Heico (NYSE:HEI - Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.16. Heico had a return on equity of 18.00% and a net margin of 16.38%. The business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.36 billion. During the same period in the prior year, the firm posted $1.26 EPS. The business's quarterly revenue was up 23.1% compared to the same quarter last year. As a group, sell-side analysts expect that Heico Corporation will post 6.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Heico

Large investors have recently modified their holdings of the stock. Osterweis Capital Management Inc. acquired a new stake in shares of Heico during the 2nd quarter worth approximately $81,000. Bayban bought a new stake in shares of Heico in the 4th quarter worth approximately $89,000. Oslo Pensjonsforsikring AS bought a new stake in shares of Heico in the 1st quarter worth approximately $100,000. Parvin Asset Management LLC acquired a new position in Heico during the 2nd quarter valued at approximately $145,000. Finally, Pittenger & Anderson Inc. boosted its position in Heico by 20.2% during the 1st quarter. Pittenger & Anderson Inc. now owns 553 shares of the aerospace company's stock valued at $152,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 27.12% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Jefferies Financial Group set a $430.00 target price on Heico and gave the stock a "buy" rating in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft set a $421.00 target price on Heico and gave the company a "buy" rating in a research report on Wednesday, August 19th. TD Cowen dropped their price target on Heico from $350.00 to $330.00 and set a "hold" rating on the stock in a research note on Friday. Wells Fargo & Company dropped their price target on Heico from $350.00 to $335.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 30th. Finally, Citigroup lifted their price target on Heico from $429.00 to $441.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $387.00.

Heico Company Profile

HEICO Corporation is an aerospace, defense, and electronics company that designs, manufactures, and distributes specialized products for commercial aviation, defense, space, medical, telecommunications, and other industrial markets. Founded in 1957, the company is headquartered in Hollywood, Florida, and serves customers worldwide, including airlines, original equipment manufacturers, government agencies, and defense contractors.

HEICO operates through two primary segments. Its Flight Support Group produces FAA-approved replacement parts for jet engines and aircraft components, as well as provides aircraft and engine component repair, overhaul, and maintenance services.

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