Heico (NYSE:HEI.A) Director Acquires $174,598.56 in Stock

Key Points

• Director Julie Neitzel purchased 592 Heico shares for approximately $174,599, increasing her ownership by 141.63% to 1,010 shares.
• Heico shares recently traded at $221.25, down $1.62, with a market capitalization of about $30.92 billion and a price-to-earnings ratio of 36.81.
• Analysts remain optimistic: Zacks Research upgraded Heico to “strong buy,” while the broader analyst consensus is also “Strong Buy.”

Heico Corporation (NYSE:HEI.A - Get Free Report) Director Julie Neitzel purchased 592 shares of the firm's stock in a transaction dated Thursday, October 8th. The shares were bought at an average price of $294.93 per share, with a total value of $174,598.56. Following the purchase, the director owned 1,010 shares in the company, valued at $297,879.30. The trade was a 141.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Heico Stock Performance

Shares of NYSE:HEI.A traded down $1.62 during mid-day trading on Tuesday, reaching $221.25. The company had a trading volume of 290,135 shares, compared to its average volume of 319,748. Heico Corporation has a one year low of $199.35 and a one year high of $279.66. The company has a current ratio of 2.72, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. The company's 50-day moving average price is $242.77 and its 200-day moving average price is $237.55. The firm has a market cap of $30.92 billion, a price-to-earnings ratio of 36.81 and a beta of 1.13.

Heico (NYSE:HEI.A - Get Free Report) last announced its quarterly earnings data on Tuesday, August 25th. The company reported $1.67 earnings per share for the quarter. 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. As a group, equities research analysts anticipate that Heico Corporation will post 6.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Heico from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat, the stock has a consensus rating of "Strong Buy".

About Heico

HEICO Corporation is an aerospace, defense, electronics and medical technology company headquartered in Hollywood, Florida. Founded in 1957, the company develops, manufactures and sells products and services used by commercial and business aircraft operators, defense contractors, space and satellite companies, medical equipment manufacturers, telecommunications providers and other industrial customers.

HEICO operates through two principal business groups. Its Flight Support Group produces aircraft replacement parts and related components, including FAA-approved parts, as well as specialty products and services for the aviation industry.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.