Heico (NYSE:HEI) Director Carol Fine Buys 795 Shares of Company Stock

Heico Corporation (NYSE:HEI) Director Carol Fine bought 795 shares of the stock in a transaction that occurred on Thursday, October 8th. The shares were acquired 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 owned 1,467 shares in the company, valued at $323,180.10. This represents a 118.30% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Heico Stock Up 0.0%

HEI stock traded up $0.12 during mid-day trading on Tuesday, hitting $297.21. 477,999 shares of the company were exchanged, compared to its average volume of 578,031. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72. The firm has a market cap of $41.54 billion, a P/E ratio of 49.45, a P/E/G ratio of 2.51 and a beta of 1.09. The firm’s 50 day simple moving average is $328.21 and its 200 day simple moving average is $320.11. Heico Corporation has a 1-year low of $256.11 and a 1-year high of $376.86.

Heico (NYSE:HEI) last announced its quarterly earnings results on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 earnings per share. On average, sell-side analysts predict that Heico Corporation will post 6.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Heico

Several hedge funds have recently modified their holdings of the stock. DSM Capital Partners LLC grew its stake in Heico by 5.4% in the first quarter. DSM Capital Partners LLC now owns 807 shares of the aerospace company’s stock valued at $221,000 after purchasing an additional 41 shares in the last quarter. Fortress Financial Solutions LLC raised its position in shares of Heico by 2.8% in the first quarter. Fortress Financial Solutions LLC now owns 1,796 shares of the aerospace company’s stock valued at $493,000 after purchasing an additional 49 shares during the period. Bayban raised its holdings in Heico by 19.6% in the 1st quarter. Bayban now owns 330 shares of the aerospace company’s stock valued at $90,000 after acquiring an additional 54 shares during the period. Athena Wealth Management LLC increased its stake 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 purchasing an additional 55 shares during the period. Finally, Mirador Capital Partners LP lifted its holdings in shares of Heico by 1.2% during the second quarter. Mirador Capital Partners LP now owns 5,742 shares of the aerospace company’s stock worth $2,045,000 after buying an additional 66 shares in the last quarter. Institutional investors own 27.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on HEI. UBS Group reaffirmed a “neutral” rating and issued a $396.00 price objective (up from $382.00) on shares of Heico in a research report on Thursday, August 27th. Jefferies Financial Group set a $430.00 target price on Heico and gave the stock a “buy” rating in a report on Wednesday, August 26th. Wall Street Zen downgraded Heico from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Melius Research set a $350.00 price target on Heico and gave the company a “hold” rating in a report on Monday, September 14th. Finally, Stifel Nicolaus set a $410.00 price objective on 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 given a Hold rating to the stock. According to MarketBeat.com, Heico currently has an average rating of “Moderate Buy” and an average target price of $387.00.

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.