Heico (NYSE:HEI.A) Director Buys 795 Shares of Stock

Key Points

• Heico director Adolfo Henriques purchased 795 shares at an average price of $220.30, investing $175,138.50 and increasing his direct ownership by 3.30% to 24,864 shares.
• Heico shares fell 0.7% to $221.25, below their 50-day and 200-day moving averages, with a market capitalization of approximately $30.92 billion.
• Analyst sentiment remains positive: Zacks Research upgraded Heico to “strong buy,” and the stock has a consensus “Strong Buy” rating. The company most recently reported $1.67 in quarterly EPS on $1.41 billion in revenue.

Heico Corporation (NYSE:HEI.A - Get Free Report) Director Adolfo Henriques purchased 795 shares of the stock in a transaction dated Thursday, October 8th. The shares were bought at an average price of $220.30 per share, with a total value of $175,138.50. Following the completion of the acquisition, the director directly owned 24,864 shares of the company's stock, valued at approximately $5,477,539.20. This represents a 3.30% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Heico Trading Down 0.7%

NYSE HEI.A traded down $1.62 during trading hours on Tuesday, reaching $221.25. The company's stock had a trading volume of 290,135 shares, compared to its average volume of 319,748. The firm has a fifty day simple moving average of $242.77 and a 200-day simple moving average of $237.55. The stock has a market cap of $30.92 billion, a P/E ratio of 36.81 and a beta of 1.13. Heico Corporation has a 52 week low of $199.35 and a 52 week high of $279.66. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.72 and a quick ratio of 1.27.

Heico (NYSE:HEI.A - Get Free Report) last announced its earnings results on Tuesday, August 25th. The company reported $1.67 EPS for the quarter. Heico had a return on equity of 18.00% and a net margin of 16.38%. The firm had revenue of $1.41 billion for the quarter. Equities analysts forecast that Heico Corporation will post 6.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Heico Company Profile

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.

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