Heico (NYSE:HEI) Stock: Insider Mark Hildebrandt Acquires 795 Shares

Key Points

• Director Mark Hildebrandt purchased 795 Heico shares at an average price of $220.30, investing $175,138.50 and increasing his direct holdings by 1.61% to 50,218 shares.
• Heico’s latest quarterly results exceeded expectations, with EPS of $1.67 versus the $1.51 consensus and revenue of $1.41 billion, up 23.1% year over year.
• Analysts maintain a “Moderate Buy” consensus on HEI, with an average price target of $387 compared with the reported share price of $297.21; institutional investors own 27.12% of the company.

Heico Corporation (NYSE:HEI - Get Free Report) Director Mark Hildebrandt bought 795 shares of the company's stock in a transaction on Thursday, October 8th. The shares were acquired at an average cost of $220.30 per share, for a total transaction of $175,138.50. Following the completion of the acquisition, the director directly owned 50,218 shares of the company's stock, valued at $11,063,025.40. This trade represents a 1.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Heico Stock Performance

Shares of NYSE HEI traded up $0.12 during midday trading on Tuesday, hitting $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 1-year low of $256.11 and a 1-year high of $376.86. The firm's fifty day moving average price is $328.21 and its 200-day moving average price is $320.11. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72. The firm has a market cap of $41.54 billion, a P/E ratio of 49.45, a P/E/G ratio of 2.51 and a beta of 1.09.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Diamant Asset Management Inc. boosted its stake in shares of Heico by 25,698.9% during the 1st quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company's stock worth $209,392,000 after acquiring an additional 760,687 shares in the last quarter. Munro Partners raised its position in shares of Heico by 44.2% during the fourth quarter. Munro Partners now owns 284,898 shares of the aerospace company's stock worth $92,190,000 after purchasing an additional 87,265 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Heico during the second quarter valued at $54,386,000. Weitz Investment Management Inc. purchased a new stake in shares of Heico during the second quarter valued at $52,737,000. Finally, Freestone Grove Partners LP acquired a new position in shares of Heico in the 2nd quarter valued at $50,276,000. Institutional investors own 27.12% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on HEI shares. Melius Research set a $350.00 target price on Heico and gave the company a "hold" rating in a research note on Monday, September 14th. Deutsche Bank Aktiengesellschaft set a $421.00 target price on Heico and gave the company a "buy" rating in a research note on Wednesday, August 19th. Weiss Ratings raised Heico from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 16th. Wells Fargo & Company cut their price target on shares of Heico from $350.00 to $335.00 and set an "equal weight" rating for the company in a report on Wednesday, September 30th. Finally, Wall Street Zen lowered shares of Heico from a "buy" rating to a "hold" rating in a research report on Saturday, October 3rd. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus 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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