Heico (NYSE:HEI.A) Director Purchases $175,138.50 in Stock

Key Points

• Heico director Thomas Culligan purchased 795 shares at an average price of $220.30, investing $175,138.50 and increasing his direct ownership by 7.21% to 11,825 shares.
• Heico shares recently traded at $221.25, below their 50-day and 200-day moving averages of $242.77 and $237.55, respectively. The stock has a market capitalization of approximately $30.92 billion and a P/E ratio of 36.81.
• Analyst sentiment is strongly positive: Zacks Research upgraded Heico from “hold” to “strong buy,” while MarketBeat reported a consensus “Strong Buy” rating.

Heico Corporation (NYSE:HEI.A - Get Free Report) Director Thomas Culligan acquired 795 shares of the firm's stock in a transaction dated Thursday, October 8th. The shares were purchased 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 11,825 shares in the company, valued at approximately $2,605,047.50. This represents a 7.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Heico Price Performance

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

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

Analysts Set New Price Targets

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, the stock 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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