Heico Corporation (NYSE:HEI.A – Get Free Report) Director Mark Hildebrandt purchased 795 shares of the firm’s stock in a transaction dated Thursday, October 8th. The stock was acquired at an average cost of $220.30 per share, with a total value of $175,138.50. Following the completion of the acquisition, the director directly owned 50,218 shares in the company, valued at approximately $11,063,025.40. This trade represents a 1.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Heico Price Performance
Shares of NYSE:HEI.A opened at $223.94 on Thursday. The company has a market cap of $31.30 billion, a PE ratio of 36.80 and a beta of 1.13. Heico Corporation has a fifty-two week low of $199.35 and a fifty-two week high of $279.66. The firm has a 50-day simple moving average of $241.01 and a 200 day simple moving average of $237.71. The company has a quick ratio of 1.27, a current ratio of 2.72 and a debt-to-equity ratio of 0.51.
Heico (NYSE:HEI.A – Get Free Report) last issued its earnings results on Tuesday, August 25th. The company reported $1.67 earnings per share (EPS) for the quarter. Heico had a net margin of 16.38% and a return on equity of 18.00%. The firm had revenue of $1.41 billion for the quarter. On average, sell-side analysts anticipate that Heico Corporation will post 6.25 EPS for the current year.
Key Heico News
- Positive Sentiment: Six HEICO directors—Nandakumar Cheruvatath, Adolfo Henriques, Alan Schriesheim, Carol F. Fine, Mark H. Hildebrandt and Thomas M. Culligan—each purchased 795 shares at an average price of $220.30. The combined purchases were worth approximately $1.05 million and increased their individual holdings. SEC insider filing
- Positive Sentiment: Director Julie Neitzel bought 592 shares for approximately $174,600 at an average price of $294.93, increasing her position by about 142%. Across the seven reported transactions, directors purchased roughly 5,362 shares valued at approximately $1.23 million. Coordinated insider buying can support investor confidence in HEICO’s outlook. SEC insider filing
- Positive Sentiment: Zacks Research upgraded HEICO from “hold” to “strong buy” on October 2. MarketBeat reports a “strong buy” consensus rating, adding further support to the bullish case. HEICO analyst information
- Neutral Sentiment: The insider purchases were made by directors rather than operating executives and do not directly alter HEICO’s financial outlook. The stock remains valued at a relatively high earnings multiple, while trading below its 50-day and 200-day moving averages, leaving investors focused on upcoming results and whether forecast fiscal-year EPS of $6.25 can support the valuation.
Wall Street Analyst Weigh In
Separately, Zacks Research raised Heico from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Two analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.
Get Our Latest Stock Report on Heico
Heico Company Profile
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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