Heico (NYSE:HEI) Director Julie Neitzel Purchases 592 Shares of Company Stock

Heico Corporation (NYSE:HEI) Director Julie Neitzel purchased 592 shares of Heico stock in a transaction dated Thursday, October 8th. The stock was bought at an average price of $294.93 per share, with a total value of $174,598.56. Following the acquisition, the director directly owned 1,010 shares of the company’s stock, valued at approximately $297,879.30. This trade represents a 141.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Heico Stock Up 0.0%

Heico stock opened at $297.21 on Wednesday. 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 company has a fifty day simple moving average of $326.78 and a 200 day simple moving average of $320.23. The company has a market cap of $41.54 billion, a P/E ratio of 49.45, a price-to-earnings-growth ratio of 2.49 and a beta of 1.09. Heico Corporation has a 1-year low of $256.11 and a 1-year high of $376.86.

Heico (NYSE:HEI) last posted its quarterly earnings results on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.16. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.36 billion. Heico had a net margin of 16.38% and a return on equity of 18.00%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 earnings per share. Research analysts anticipate that Heico Corporation will post 6.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HEI. Mirador Capital Partners LP grew its holdings in shares of Heico by 4.0% during the third quarter. Mirador Capital Partners LP now owns 5,974 shares of the aerospace company’s stock valued at $1,811,000 after buying an additional 232 shares during the last quarter. Athena Wealth Management LLC increased its position in shares of Heico by 5.8% during the third quarter. Athena Wealth Management LLC now owns 996 shares of the aerospace company’s stock worth $302,000 after acquiring an additional 55 shares in the last quarter. City Center Advisors LLC acquired a new stake in shares of Heico in the 3rd quarter worth about $273,000. Bath Savings Trust Co raised its holdings in shares of Heico by 5.4% in the 3rd quarter. Bath Savings Trust Co now owns 49,570 shares of the aerospace company’s stock worth $15,029,000 after acquiring an additional 2,542 shares during the last quarter. Finally, CX Institutional raised its holdings in shares of Heico by 12.7% in the 3rd quarter. CX Institutional now owns 938 shares of the aerospace company’s stock worth $276,000 after acquiring an additional 106 shares during the last quarter. 27.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HEI has been the subject of several recent analyst reports. Jefferies Financial Group set a $430.00 price objective on shares of Heico and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Wall Street Zen downgraded Heico from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. The Goldman Sachs Group reissued a “buy” rating and set a $491.00 target price on shares of Heico in a report on Monday, August 31st. Deutsche Bank Aktiengesellschaft set a $421.00 price target on Heico and gave the company a “buy” rating in a research report on Wednesday, August 19th. Finally, Stifel Nicolaus set a $410.00 price objective on shares of Heico in a research report on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Heico presently has an average rating of “Moderate Buy” and an average price target of $387.00.

Key Headlines Impacting Heico

Here are the key news stories impacting Heico this week:

• Positive Sentiment: Seven Heico directors reported open-market purchases made on October 8. Six directors each bought 795 shares at approximately $220.30 per share, while Julie Neitzel purchased 592 shares at $294.93. Collectively, the purchases represented roughly $1.23 million of insider buying and increased each director’s existing stake, a signal that board members may view the recent share-price weakness as an attractive entry point. SEC insider transaction filings
• Positive Sentiment: Co-CEOs and Co-Chairmen Eric Mendelson and Victor received the Wright Brothers Memorial Award, providing favorable recognition of Heico’s leadership and aerospace-industry contributions. The award is primarily reputational and does not immediately change the company’s financial outlook. Wright Brothers Memorial Award article

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.