Heico Corporation (NYSE:HEI.A – Get Free Report) traded up 5.5% on Friday. The company traded as high as $235.07 and last traded at $236.7840. 2,360 shares traded hands during trading, a decline of 99% from the average daily volume of 319,493 shares. The stock had previously closed at $224.42.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded shares of Heico from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.
Read Our Latest Stock Analysis on HEI.A
Heico Stock Up 1.3%
The stock has a market capitalization of $32.76 billion, a price-to-earnings ratio of 38.93 and a beta of 1.13. The company has a quick ratio of 1.27, a current ratio of 2.72 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average price of $240.38 and a 200 day moving average price of $237.88.
Heico (NYSE:HEI.A – Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The company reported $1.67 earnings per share (EPS) for the quarter. The company had revenue of $1.41 billion during the quarter. Heico had a return on equity of 18.00% and a net margin of 16.38%. As a group, analysts forecast that Heico Corporation will post 6.25 EPS for the current year.
Insider Buying and Selling at Heico
In other Heico news, Director Alan Schriesheim bought 795 shares of Heico stock in a transaction on Thursday, October 8th. The shares were purchased at an average cost of $220.30 per share, with a total value of $175,138.50. Following the acquisition, the director directly owned 1,202 shares of the company’s stock, valued at $264,800.60. The trade was a 195.33% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Adolfo Henriques purchased 795 shares of the firm’s stock in a transaction on Thursday, October 8th. The stock was acquired at an average price of $220.30 per share, with a total value of $175,138.50. Following the completion of the transaction, the director owned 24,864 shares in the company, valued at approximately $5,477,539.20. This trade represents a 3.30% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 5,362 shares of company stock worth $1,225,430 over the last quarter. Insiders own 9.76% of the company’s stock.
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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