Heico Corporation (NYSE:HEI – Get Free Report) Director Julie Neitzel acquired 592 shares of the firm’s stock in a transaction dated Thursday, October 8th. The shares were purchased at an average cost of $294.93 per share, for a total transaction of $174,598.56. Following the completion of the acquisition, the director directly owned 1,010 shares in the company, valued at approximately $297,879.30. This represents a 141.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Heico Stock Up 0.6%
NYSE HEI opened at $298.64 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72. The company has a market capitalization of $41.74 billion, a P/E ratio of 49.69, a P/E/G ratio of 2.49 and a beta of 1.09. Heico Corporation has a one year low of $256.11 and a one year high of $376.86. The stock has a 50 day moving average price of $325.40 and a 200-day moving average price of $320.42.
Heico (NYSE:HEI – Get Free Report) last posted its earnings results on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.16. Heico had a net margin of 16.38% and a return on equity of 18.00%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the firm posted $1.26 earnings per share. Heico’s revenue for the quarter was up 23.1% compared to the same quarter last year. As a group, equities analysts predict that Heico Corporation will post 6.28 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on HEI
Key Headlines Impacting Heico
Here are the key news stories impacting Heico this week:
- Positive Sentiment: Seven Heico directors reported open-market purchases dated October 8. Six directors each bought 795 shares at a reported average of $220.30, while Julie Neitzel purchased 592 shares at $294.93. The combined purchases totaled approximately $1.23 million and increased each director’s existing stake, potentially signaling confidence after recent share-price weakness. Heico insider buying report
- Positive Sentiment: Co-CEOs and Co-Chairmen Eric A. Mendelson and Victor H. received the Wright Brothers Memorial Award for their contributions to aerospace. The recognition supports Heico’s leadership reputation, although it has no immediate effect on earnings or cash flow. Wright Brothers Memorial Award announcement
- Neutral Sentiment: Heico’s latest reported quarter showed strong operating momentum: revenue increased 23.1% year over year to $1.41 billion, while EPS of $1.67 exceeded the $1.51 consensus estimate. However, those results were released previously and are likely already reflected in the stock.
- Neutral Sentiment: Analyst sentiment remains favorable overall, with a MarketBeat average rating of “Moderate Buy” and an average target of $387. However, TD Cowen recently lowered its target to $330 and maintained a “Hold” rating, underscoring near-term valuation concerns.
- Negative Sentiment: At roughly $297, Heico trades at about 49 times earnings and below its 50-day average of $326.78 and 200-day average of $320.23. The premium valuation leaves the stock vulnerable if aerospace growth slows or investors reduce expectations.
Institutional Trading of Heico
Several institutional investors and hedge funds have recently modified their holdings of the stock. Diamant Asset Management Inc. lifted its holdings in shares of Heico by 25,698.9% in the 1st quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company’s stock worth $209,392,000 after buying an additional 760,687 shares during the period. Weitz Investment Management Inc. bought a new position in shares of Heico during the 2nd quarter worth $52,737,000. Bank of New York Mellon Corp bought a new position in shares of Heico during the 2nd quarter worth $54,386,000. Freestone Grove Partners LP purchased a new position in shares of Heico during the second quarter valued at $50,276,000. Finally, Munro Partners increased its stake in shares of Heico by 44.2% during the fourth quarter. Munro Partners now owns 284,898 shares of the aerospace company’s stock valued at $92,190,000 after buying an additional 87,265 shares during the period. Institutional investors own 27.12% of the company’s stock.
Heico Company Profile
HEICO Corporation is an aerospace, defense, and electronics company that designs, manufactures, and distributes specialized products for commercial aviation, defense, space, medical, telecommunications, and other industrial markets. Founded in 1957, the company is headquartered in Hollywood, Florida, and serves customers worldwide, including airlines, original equipment manufacturers, government agencies, and defense contractors.
HEICO operates through two primary segments. Its Flight Support Group produces FAA-approved replacement parts for jet engines and aircraft components, as well as provides aircraft and engine component repair, overhaul, and maintenance services.
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