Heico (NYSE:HEI) Stock: Insider Adolfo Henriques Buys 795 Shares

Heico Corporation (NYSE:HEI) Director Adolfo Henriques purchased 795 shares of Heico stock in a transaction dated 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 owned 24,864 shares of the company’s stock, valued at approximately $5,477,539.20. This trade represents a 3.30% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Heico Stock Performance

Shares of Heico stock traded up $0.12 during trading on Tuesday, hitting $297.21. 477,999 shares of the stock were exchanged, compared to its average volume of 578,031. The stock’s fifty day moving average is $328.21 and its 200 day moving average is $320.11. The stock has a market cap of $41.54 billion, a PE ratio of 49.45, a P/E/G ratio of 2.51 and a beta of 1.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72. Heico Corporation has a 12 month low of $256.11 and a 12 month high of $376.86.

Heico (NYSE:HEI) 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. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Heico had a net margin of 16.38% and a return on equity of 18.00%. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 EPS. As a group, sell-side analysts anticipate that Heico Corporation will post 6.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of Heico from $350.00 to $335.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 30th. Guggenheim assumed coverage on Heico in a research report on Monday, September 14th. They set a “neutral” rating for the company. Wall Street Zen downgraded Heico from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Weiss Ratings raised Heico from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Finally, TD Cowen decreased their price objective on Heico from $350.00 to $330.00 and set a “hold” rating for the company in a report on Friday. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $387.00.

Institutional Investors Weigh In On Heico

Several institutional investors have recently bought and sold shares of HEI. Osterweis Capital Management Inc. acquired a new position in Heico during the 2nd quarter valued at about $81,000. Bayban acquired a new stake in shares of Heico in the 4th quarter worth approximately $89,000. Oslo Pensjonsforsikring AS acquired a new stake in shares of Heico in the 1st quarter worth approximately $100,000. Parvin Asset Management LLC bought a new position in shares of Heico in the second quarter valued at approximately $145,000. Finally, Strive Financial Group LLC bought a new position in shares of Heico in the second quarter valued at approximately $176,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

About Heico

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.