Heico (NYSE:HEI.A) Stock: Insider Thomas Culligan Purchases 795 Shares

Heico Corporation (NYSE:HEI.A) Director Thomas Culligan purchased 795 shares of the company’s stock in a transaction that occurred 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 completion of the purchase, the director owned 11,825 shares in the company, valued at $2,605,047.50. This trade represents a 7.21% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Heico Trading Down 0.7%

NYSE:HEI.A traded down $1.62 during mid-day trading on Tuesday, hitting $221.25. 290,135 shares of the stock traded hands, compared to its average volume of 319,748. 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 Corporation has a 52 week low of $199.35 and a 52 week high of $279.66. The stock has a market capitalization of $30.92 billion, a price-to-earnings ratio of 36.81 and a beta of 1.13. The firm’s 50 day moving average is $242.77 and its two-hundred day moving average is $237.55.

Heico (NYSE:HEI.A) last announced its earnings results on Tuesday, August 25th. The company reported $1.67 earnings per share (EPS) for the quarter. The business 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%. On average, equities research analysts predict that Heico Corporation will post 6.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Heico from a “hold” rating to a “strong-buy” rating in a research note 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”.

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.