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

Heico Corporation (NYSE:HEI) Director Alan Schriesheim bought 795 shares of the business’s stock in a transaction dated Thursday, October 8th. The stock was purchased at an average price of $220.30 per share, with a total value of $175,138.50. Following the purchase, the director directly owned 1,202 shares of the company’s stock, valued at $264,800.60. The trade was a 195.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Heico Stock Up 0.6%

Shares of HEI opened at $298.64 on Thursday. The company has a market capitalization of $41.74 billion, a P/E ratio of 49.69, a PEG ratio of 2.49 and a beta of 1.09. 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 Corporation has a one year low of $256.11 and a one year high of $376.86. The business’s 50 day simple moving average is $325.40 and its 200-day simple moving average is $320.42.

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

Wall Street Analyst Weigh In

HEI has been the topic of several research analyst reports. UBS Group restated a “neutral” rating and set a $396.00 target price (up from $382.00) on shares of Heico in a report on Thursday, August 27th. Stifel Nicolaus set a $410.00 price target on Heico in a report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft set a $421.00 price target on Heico and gave the company a “buy” rating in a report on Wednesday, August 19th. Wall Street Zen downgraded shares of Heico from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Finally, TD Cowen decreased their price objective on shares of Heico from $350.00 to $330.00 and set a “hold” rating on the stock in a report on Friday, October 9th. 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $387.00.

Key Heico News

Here are the key news stories impacting Heico this week:

• Positive Sentiment: Seven Heico directors reported open-market purchases dated October 8. Six directors each bought 795 shares at a reported average of $220.30, while Julie Neitzel purchased 592 shares at $294.93. The combined purchases totaled approximately $1.23 million and increased each director’s existing stake, potentially signaling confidence after recent share-price weakness. Heico insider buying report
• Positive Sentiment: Co-CEOs and Co-Chairmen Eric A. Mendelson and Victor H. received the Wright Brothers Memorial Award for their contributions to aerospace. The recognition supports Heico’s leadership reputation, although it has no immediate effect on earnings or cash flow. Wright Brothers Memorial Award announcement
• Neutral Sentiment: Heico’s latest reported quarter showed strong operating momentum: revenue increased 23.1% year over year to $1.41 billion, while EPS of $1.67 exceeded the $1.51 consensus estimate. However, those results were released previously and are likely already reflected in the stock.
• Neutral Sentiment: Analyst sentiment remains favorable overall, with a MarketBeat average rating of “Moderate Buy” and an average target of $387. However, TD Cowen recently lowered its target to $330 and maintained a “Hold” rating, underscoring near-term valuation concerns.
• Negative Sentiment: At roughly $297, Heico trades at about 49 times earnings and below its 50-day average of $326.78 and 200-day average of $320.23. The premium valuation leaves the stock vulnerable if aerospace growth slows or investors reduce expectations.

Institutional Trading of Heico

Hedge funds and other institutional investors have recently modified their holdings of the stock. Diamant Asset Management Inc. raised its position in Heico by 25,698.9% in the 1st quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company’s stock worth $209,392,000 after purchasing an additional 760,687 shares during the last quarter. Weitz Investment Management Inc. acquired a new position in Heico during the 2nd quarter worth $52,737,000. Bank of New York Mellon Corp acquired a new position in Heico during the 2nd quarter worth $54,386,000. Freestone Grove Partners LP bought a new position in Heico in the 2nd quarter valued at $50,276,000. Finally, Munro Partners boosted its position in Heico by 44.2% in the 4th quarter. Munro Partners now owns 284,898 shares of the aerospace company’s stock valued at $92,190,000 after buying an additional 87,265 shares during the last quarter. 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.