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

Heico Corporation (NYSE:HEI.A) Director Alan Schriesheim acquired 795 shares of the 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 completion of the purchase, the director owned 1,202 shares of the company’s stock, valued at approximately $264,800.60. The trade was a 195.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Heico Stock Performance

Heico stock opened at $231.50 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 firm has a 50-day moving average of $240.38 and a 200-day moving average of $237.88. The firm has a market cap of $32.35 billion, a P/E ratio of 37.34 and a beta of 1.13. Heico Corporation has a 1-year low of $199.35 and a 1-year high of $279.66.

Heico (NYSE:HEI.A) last posted its earnings results on Tuesday, August 25th. The company reported $1.67 earnings per share (EPS) for the quarter. Heico had a return on equity of 18.00% and a net margin of 16.38%. The company had revenue of $1.41 billion for the quarter. Sell-side analysts expect that Heico Corporation will post 6.25 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded 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. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

About Heico

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.