Insider Buying: Heico (NYSE:HEI.A) Director Acquires $175,138.50 in Stock

Key Points

• Heico director Mark Hildebrandt purchased 795 shares at an average price of $220.30, investing $175,138.50 and increasing his direct ownership by 1.61% to 50,218 shares.
• Heico shares traded at $221.25, down $1.62, and remained below their 50-day and 200-day moving averages. The stock has a market capitalization of $30.92 billion and a price-to-earnings ratio of 36.81.
• Analyst sentiment is positive: Zacks Research upgraded Heico to “strong buy,” while the overall analyst rating is also “Strong Buy.” The company reported $1.67 in quarterly EPS on $1.41 billion in revenue.

Heico Corporation (NYSE:HEI.A - Get Free Report) Director Mark Hildebrandt bought 795 shares of the business's stock in a transaction that occurred on Thursday, October 8th. The shares were acquired at an average price of $220.30 per share, with a total value of $175,138.50. Following the transaction, the director directly owned 50,218 shares of the company's stock, valued at $11,063,025.40. This represents a 1.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Heico Price Performance

HEI.A traded down $1.62 on Tuesday, hitting $221.25. 290,135 shares of the company's stock traded hands, compared to its average volume of 319,748. The company's 50 day simple moving average is $242.77 and its 200-day simple moving average is $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 Corporation has a one year low of $199.35 and a one year high of $279.66. 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 (EPS) for the quarter. The business had revenue of $1.41 billion during the quarter. Heico had a net margin of 16.38% and a return on equity of 18.00%. As a group, research analysts anticipate that Heico Corporation will post 6.25 EPS 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 analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat, the stock presently has an average 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.

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