HEICO (NYSE:HEI.A) Posts Quarterly Earnings Results

HEICO (NYSE:HEI.A) issued its earnings results on Tuesday. The company reported $1.12 EPS for the quarter, Zacks reports. HEICO had a net margin of 13.33% and a return on equity of 14.63%.

HEICO Stock Up 2.0%

NYSE HEI.A traded up $4.27 on Tuesday, reaching $215.73. The company had a trading volume of 241,325 shares, compared to its average volume of 237,315. The firm has a market capitalization of $29.98 billion, a price-to-earnings ratio of 58.94 and a beta of 1.08. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. HEICO has a 1-year low of $170.46 and a 1-year high of $223.31. The company’s fifty day moving average is $205.69 and its 200-day moving average is $199.03.

Insider Buying and Selling

In other news, Director Julie Neitzel sold 700 shares of the firm’s stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $246.23, for a total value of $172,361.00. Following the completion of the transaction, the director now owns 418 shares in the company, valued at $102,924.14. This trade represents a 62.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan Schriesheim sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total value of $11,978,500.00. Following the completion of the transaction, the director now owns 157,197 shares of the company’s stock, valued at $37,659,685.29. The trade was a 24.13% decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.76% of the company’s stock.

About HEICO

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.