Julie Neitzel Sells 676 Shares of Heico (NYSE:HEI) Stock

Heico Corporation (NYSE:HEI) Director Julie Neitzel sold 676 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total value of $150,748.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Heico Stock Up 2.4%

HEI stock opened at $291.54 on Friday. Heico Corporation has a fifty-two week low of $234.48 and a fifty-two week high of $361.69. The business’s 50-day moving average is $303.15 and its two-hundred day moving average is $316.37. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.41 and a current ratio of 3.06. The company has a market cap of $40.68 billion, a price-to-earnings ratio of 57.62, a P/E/G ratio of 3.49 and a beta of 1.07.

Heico (NYSE:HEI) last posted its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. Heico had a return on equity of 16.57% and a net margin of 15.38%.The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. Heico’s revenue was up 14.4% on a year-over-year basis. As a group, analysts forecast that Heico Corporation will post 4.2 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Verde Capital Management purchased a new stake in shares of Heico during the first quarter worth about $1,204,000. CPC Advisors LLC grew its position in shares of Heico by 208.4% during the first quarter. CPC Advisors LLC now owns 9,187 shares of the aerospace company’s stock worth $2,519,000 after purchasing an additional 6,208 shares in the last quarter. World Investment Advisors grew its position in shares of Heico by 10.2% during the fourth quarter. World Investment Advisors now owns 1,760 shares of the aerospace company’s stock worth $570,000 after purchasing an additional 163 shares in the last quarter. Bayban purchased a new stake in shares of Heico during the fourth quarter worth about $89,000. Finally, Alpine Global Management LLC purchased a new stake in shares of Heico during the fourth quarter worth about $374,000. Institutional investors own 27.12% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on HEI shares. Susquehanna started coverage on Heico in a report on Friday, January 23rd. They issued a “neutral” rating and a $385.00 target price on the stock. Citigroup lowered their target price on Heico from $400.00 to $323.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Wells Fargo & Company assumed coverage on Heico in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $290.00 target price on the stock. Stifel Nicolaus set a $370.00 price objective on Heico and gave the stock a “buy” rating in a research note on Monday, December 22nd. Finally, Truist Financial raised their price objective on Heico from $366.00 to $391.00 and gave the stock a “buy” rating in a research note on Tuesday, December 23rd. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $358.71.

About Heico

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.