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

Heico Corporation (NYSE:HEI.A) Director Thomas Culligan bought 795 shares of Heico stock in a transaction on 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 directly owned 11,825 shares in the company, valued at $2,605,047.50. This trade represents a 7.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Heico Price Performance

NYSE HEI.A opened at $231.50 on Friday. The company has a 50-day moving average price of $240.38 and a two-hundred day moving average price of $237.88. Heico Corporation has a 52 week low of $199.35 and a 52 week high of $279.66. The stock has a market cap of $32.35 billion, a price-to-earnings ratio of 37.34 and a beta of 1.13. The company has a current ratio of 2.72, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51.

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

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Heico from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, Heico currently has an average rating of “Strong Buy”.

Heico Company Profile

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.