Heico (NYSE:HEI) Director Acquires $175,138.50 in Stock

Heico Corporation (NYSE:HEI – Get Free Report) Director Nanda Kumar Cheruvatath purchased 795 shares of the firm’s stock in a transaction dated Thursday, October 8th. The shares were bought at an average cost of $220.30 per share, with a total value of $175,138.50. Following the purchase, the director directly owned 4,877 shares of the company’s stock, valued at approximately $1,074,403.10. This represents a 19.48% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Heico Price Performance

Shares of HEI stock opened at $308.46 on Friday. The company has a current ratio of 2.72, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $324.29 and a two-hundred day simple moving average of $320.66. The stock has a market capitalization of $43.11 billion, a price-to-earnings ratio of 51.33, a P/E/G ratio of 2.50 and a beta of 1.09. Heico Corporation has a twelve month low of $256.11 and a twelve month high of $376.86.

Heico (NYSE:HEI – Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share for the quarter, topping 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 company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, analysts predict that Heico Corporation will post 6.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Heico

Large investors have recently modified their holdings of the business. Diamant Asset Management Inc. grew its stake in Heico by 25,698.9% during the 1st quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company’s stock valued at $209,392,000 after acquiring an additional 760,687 shares in the last quarter. Munro Partners increased its position in Heico by 44.2% during the fourth quarter. Munro Partners now owns 284,898 shares of the aerospace company’s stock worth $92,190,000 after purchasing an additional 87,265 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Heico during the second quarter worth about $54,386,000. Weitz Investment Management Inc. acquired a new stake in Heico during the second quarter worth about $52,737,000. Finally, Freestone Grove Partners LP purchased a new position in Heico during the second quarter worth about $50,276,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HEI shares. The Goldman Sachs Group reissued a “buy” rating and set a $491.00 target price on shares of Heico in a research report on Monday, August 31st. Stifel Nicolaus set a $410.00 price target on shares of Heico in a report on Thursday, August 27th. Morgan Stanley set a $365.00 price objective on shares of Heico and gave the stock an “equal weight” rating in a research note on Wednesday, September 2nd. Melius Research set a $350.00 target price on Heico and gave the stock a “hold” rating in a report on Monday, September 14th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Heico in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $387.00.

Read Our Latest Analysis on HEI

Heico Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Heico (NYSE:HEI)

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