Heico (NYSE:HEI) Stock: Insider Alan Schriesheim Buys 795 Shares

Heico Corporation (NYSE:HEI) Director Alan Schriesheim acquired 795 shares of Heico stock in a transaction dated Thursday, October 8th. The stock was 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 1,202 shares of the company’s stock, valued at approximately $264,800.60. This represents a 195.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Heico Price Performance

Shares of HEI stock traded up $0.12 on Tuesday, hitting $297.21. 477,999 shares of the stock traded hands, compared to its average volume of 578,031. The firm has a market cap of $41.54 billion, a price-to-earnings ratio of 49.45, a PEG ratio of 2.51 and a beta of 1.09. Heico Corporation has a 52 week low of $256.11 and a 52 week high of $376.86. The firm has a 50 day simple moving average of $328.21 and a two-hundred day simple moving average of $320.11. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.72 and a quick ratio of 1.27.

Heico (NYSE:HEI) last issued its earnings results on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm posted $1.26 EPS. Heico’s quarterly revenue was up 23.1% compared to the same quarter last year. As a group, equities research analysts predict that Heico Corporation will post 6.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HEI shares. Melius Research set a $350.00 price target on Heico and gave the stock a “hold” rating in a report on Monday, September 14th. Guggenheim initiated coverage on Heico in a research note on Monday, September 14th. They issued a “neutral” rating for the company. Morgan Stanley set a $365.00 price objective on shares of Heico and gave the company an “equal weight” rating in a report on Wednesday, September 2nd. TD Cowen lowered their target price on shares of Heico from $350.00 to $330.00 and set a “hold” rating on the stock in a report on Friday. Finally, Wall Street Zen lowered shares of Heico from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $387.00.

Institutional Trading of Heico

A number of large investors have recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. bought a new position in shares of Heico during the 2nd quarter valued at approximately $81,000. Bayban purchased a new position in shares of Heico in the fourth quarter valued at $89,000. Oslo Pensjonsforsikring AS purchased a new position in shares of Heico in the first quarter valued at $100,000. Parvin Asset Management LLC bought a new stake in Heico in the second quarter worth $145,000. Finally, Pittenger & Anderson Inc. increased its position in Heico by 20.2% in the first quarter. Pittenger & Anderson Inc. now owns 553 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

Heico Company Profile

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.