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

Key Points

• Heico director Alan Schriesheim purchased 795 shares at an average price of $220.30, investing $175,138.50 and increasing his ownership by 195.33% to 1,202 shares.
• Heico shares traded at $221.25, down $1.62, with the stock below its 50-day and 200-day moving averages and well below its 52-week high of $279.66.
• Analyst sentiment remains positive: Zacks Research upgraded Heico to “strong buy,” while MarketBeat reported a consensus “Strong Buy” rating. The company recently posted quarterly revenue of $1.41 billion and EPS of $1.67.

Heico Corporation (NYSE:HEI.A - Get Free Report) Director Alan Schriesheim purchased 795 shares of the stock in a transaction on Thursday, October 8th. The stock was bought 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 owned 1,202 shares in the company, valued at approximately $264,800.60. This trade represents a 195.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Heico Stock Performance

HEI.A stock traded down $1.62 during mid-day trading on Tuesday, hitting $221.25. 290,135 shares of the company were exchanged, compared to its average volume of 319,748. Heico Corporation has a 1-year low of $199.35 and a 1-year high of $279.66. The stock has a market capitalization of $30.92 billion, a PE ratio of 36.81 and a beta of 1.13. The business has a 50 day simple moving average of $242.77 and a 200-day simple moving average of $237.55. The company has a current ratio of 2.72, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51.

Heico (NYSE:HEI.A - Get Free Report) last posted 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 company had revenue of $1.41 billion for the quarter. On average, equities analysts forecast that Heico Corporation will post 6.25 earnings per share for the current year.

Analyst Ratings Changes

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