Heico (NYSE:HEI) Stock: Insider Carol Fine Purchases 795 Shares

Key Points

• Director Carol Fine purchased 795 Heico shares at an average price of $220.30, investing $175,138.50 and increasing her direct ownership by 118.3% to 1,467 shares.
• Heico reported quarterly adjusted EPS of $1.67, beating estimates by $0.16, while revenue rose 23.1% year over year to $1.41 billion.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $387 versus the reported share price of $297.21; institutional investors own 27.12% of the company.

Heico Corporation (NYSE:HEI - Get Free Report) Director Carol Fine acquired 795 shares of the business's stock in a transaction that occurred on Thursday, October 8th. The stock was acquired at an average price of $220.30 per share, for a total transaction of $175,138.50. Following the completion of the acquisition, the director directly owned 1,467 shares of the company's stock, valued at $323,180.10. This trade represents a 118.30% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Heico Trading Up 0.0%

HEI stock traded up $0.12 during midday trading on Tuesday, reaching $297.21. The company's stock had a trading volume of 477,999 shares, compared to its average volume of 578,031. Heico Corporation has a 52 week low of $256.11 and a 52 week high of $376.86. The stock has a market cap of $41.54 billion, a PE ratio of 49.45, a price-to-earnings-growth ratio of 2.51 and a beta of 1.09. The company has a quick ratio of 1.27, a current ratio of 2.72 and a debt-to-equity ratio of 0.51. The business's 50-day simple moving average is $328.21 and its 200-day simple moving average is $320.11.

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

Institutional Trading of Heico

A number of large investors have recently made changes to their positions in the company. Mirador Capital Partners LP raised its stake in Heico by 4.0% during the 3rd quarter. Mirador Capital Partners LP now owns 5,974 shares of the aerospace company's stock worth $1,811,000 after buying an additional 232 shares during the period. Athena Wealth Management LLC grew its stake in Heico by 5.8% in the third quarter. Athena Wealth Management LLC now owns 996 shares of the aerospace company's stock valued at $302,000 after acquiring an additional 55 shares during the period. City Center Advisors LLC acquired a new position in Heico in the third quarter valued at about $273,000. Bath Savings Trust Co grew its stake in Heico by 5.4% in the third quarter. Bath Savings Trust Co now owns 49,570 shares of the aerospace company's stock valued at $15,029,000 after acquiring an additional 2,542 shares during the period. Finally, CX Institutional increased its holdings in shares of Heico by 12.7% in the third quarter. CX Institutional now owns 938 shares of the aerospace company's stock worth $276,000 after acquiring an additional 106 shares in the last quarter. Institutional investors own 27.12% of the company's stock.

Wall Street Analyst Weigh In

HEI has been the subject of a number of analyst reports. Jefferies Financial Group set a $430.00 price objective on Heico and gave the stock a "buy" rating in a research note on Wednesday, August 26th. TD Cowen cut their target price on Heico from $350.00 to $330.00 and set a "hold" rating on the stock in a research note on Friday. Melius Research set a $350.00 target price on Heico and gave the stock a "hold" rating in a report on Monday, September 14th. Stifel Nicolaus set a $410.00 target price on Heico in a research report on Thursday, August 27th. Finally, Morgan Stanley set a $365.00 price target on Heico and gave the company an "equal weight" rating in a research note on Wednesday, September 2nd. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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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