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

Heico Corporation (NYSE:HEI.A) Director Nandakumar Cheruvatath bought 795 shares of the business’s stock in a transaction that occurred on 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 purchase, the director directly owned 4,877 shares in the company, valued at $1,074,403.10. The trade was a 19.48% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Heico Price Performance

NYSE:HEI.A opened at $231.50 on Friday. Heico Corporation has a 12-month low of $199.35 and a 12-month high of $279.66. The firm has a market cap of $32.35 billion, a price-to-earnings ratio of 37.34 and a beta of 1.13. The company’s 50-day moving average is $240.38 and its two-hundred day moving average is $237.88. 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 issued its quarterly earnings results on Tuesday, August 25th. The company reported $1.67 EPS for the quarter. The business had revenue of $1.41 billion during the quarter. Heico had a net margin of 16.38% and a return on equity of 18.00%. Research analysts expect that Heico Corporation will post 6.25 EPS for the current year.

Analyst Upgrades and Downgrades

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