Insider Selling: Heico (NYSE:HEI.A) Director Sells 676 Shares of Stock

Key Points

• Director Julie Neitzel sold 676 shares at an average price of $223 for a total of $150,748, disclosed in an SEC filing for the April 15 transaction.
• Heico shares traded down to $217.47 with 95,671 shares changing hands (below the 322,907 average); the company has a market cap of about $30.34 billion and a P/E of 42.97.
• Heico's latest quarter beat analysts' EPS expectations while revenue was roughly in line, with a net margin of 15.38% and return on equity of 16.57%.

Heico Corporation (NYSE:HEI.A - Get Free Report) Director Julie Neitzel sold 676 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total transaction of $150,748.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

Heico Stock Performance

NYSE:HEI.A traded down $4.52 during trading hours on Thursday, reaching $217.47. 95,671 shares of the company's stock were exchanged, compared to its average volume of 322,907. The firm has a market capitalization of $30.34 billion, a price-to-earnings ratio of 42.97 and a beta of 1.12. The company has a 50-day moving average of $231.84 and a 200 day moving average of $244.82. The company has a quick ratio of 1.41, a current ratio of 3.06 and a debt-to-equity ratio of 0.55. Heico Corporation has a 1-year low of $188.08 and a 1-year high of $279.66.

Heico (NYSE:HEI.A - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $999.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $997.57. The firm had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.19 billion. Heico had a net margin of 15.38% and a return on equity of 16.57%.

Heico Company Profile

Heico Corporation NYSE: HEI.A is a diversified aerospace, defense and electronics company headquartered in Hollywood, Florida. The company operates through two primary business segments: the Flight Support Group, which focuses on manufacturing and distributing replacement parts and providing repair and overhaul services for commercial and military aircraft and engines; and the Electronic Technologies Group, which designs and produces high-reliability electronic components, subsystems and sensors for demanding applications.

Products and services include FAA-approved parts and supplemental type certified (STC) solutions, component repair and overhaul, and a range of specialty electronic components and assemblies used in aerospace, defense, space, medical and industrial markets.

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