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

Key Points

• Heico director Carol Fine purchased 795 shares at an average price of $220.30, investing approximately $175,139 and increasing her position by 118.3% to 1,467 shares.
• Heico shares traded at $221.25, below their 50-day and 200-day moving averages, with a market capitalization of approximately $30.92 billion and a price-to-earnings ratio of 36.81.
• The company reported quarterly earnings of $1.67 per share on $1.41 billion in revenue, while analysts maintained a “Strong Buy” consensus and forecast full-year earnings of $6.25 per share.

Heico Corporation (NYSE:HEI.A - Get Free Report) Director Carol Fine acquired 795 shares of Heico stock in a transaction that occurred on Thursday, October 8th. The shares were purchased at an average cost of $220.30 per share, with a total value of $175,138.50. Following the completion of the acquisition, the director owned 1,467 shares of the company's stock, valued at $323,180.10. The trade was a 118.30% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Heico Price Performance

HEI.A traded down $1.62 during trading on Tuesday, reaching $221.25. 290,135 shares of the stock were exchanged, 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 company has a market capitalization of $30.92 billion, a price-to-earnings ratio of 36.81 and a beta of 1.13. Heico Corporation has a 1 year low of $199.35 and a 1 year high of $279.66. The business's 50 day moving average price is $242.77 and its two-hundred day moving average price is $237.55.

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

Wall Street Analysts Forecast Growth

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