Heico Corp (NYSE:HEI) Director Thomas M. Culligan purchased 1,312 shares of the stock in a transaction dated Tuesday, October 9th. The shares were purchased at an average price of $88.21 per share, with a total value of $115,731.52. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
HEI stock opened at $83.49 on Friday. The stock has a market capitalization of $12.31 billion, a P/E ratio of 61.84, a P/E/G ratio of 4.07 and a beta of 0.76. Heico Corp has a fifty-two week low of $55.43 and a fifty-two week high of $94.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.86 and a quick ratio of 1.32.
Heico (NYSE:HEI) last posted its quarterly earnings data on Monday, August 27th. The aerospace company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. The business had revenue of $465.83 million during the quarter, compared to the consensus estimate of $440.68 million. Heico had a net margin of 14.26% and a return on equity of 16.15%. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. On average, analysts anticipate that Heico Corp will post 1.88 EPS for the current fiscal year.
Several research firms have recently commented on HEI. Canaccord Genuity lowered their price target on shares of Heico from $105.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, June 29th. ValuEngine lowered shares of Heico from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. SunTrust Banks upped their price target on shares of Heico from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, August 21st. Robert W. Baird began coverage on shares of Heico in a research report on Wednesday, August 8th. They set a “neutral” rating and a $84.00 price target for the company. Finally, Zacks Investment Research lowered shares of Heico from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $88.60.
A number of hedge funds have recently bought and sold shares of HEI. Fisher Asset Management LLC lifted its holdings in Heico by 23.2% in the second quarter. Fisher Asset Management LLC now owns 1,666,535 shares of the aerospace company’s stock worth $121,540,000 after purchasing an additional 313,926 shares during the period. Standard Life Aberdeen plc lifted its holdings in Heico by 63.2% in the second quarter. Standard Life Aberdeen plc now owns 584,212 shares of the aerospace company’s stock worth $42,610,000 after purchasing an additional 226,270 shares during the period. Fred Alger Management Inc. lifted its holdings in Heico by 25.0% in the second quarter. Fred Alger Management Inc. now owns 914,019 shares of the aerospace company’s stock worth $66,659,000 after purchasing an additional 183,080 shares during the period. Riverbridge Partners LLC lifted its holdings in Heico by 8.7% in the second quarter. Riverbridge Partners LLC now owns 2,000,193 shares of the aerospace company’s stock worth $145,874,000 after purchasing an additional 159,440 shares during the period. Finally, Brown Advisory Inc. lifted its holdings in Heico by 25.2% in the first quarter. Brown Advisory Inc. now owns 757,420 shares of the aerospace company’s stock worth $65,752,000 after purchasing an additional 152,499 shares during the period. 26.91% of the stock is owned by institutional investors and hedge funds.
HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components for aerospace and industrial original equipment manufacturers, and the United States government.
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