Heico (NYSE:HEI) Director Mark Hildebrandt Acquires 400 Shares of Stock

Heico Corporation (NYSE:HEI) Director Mark Hildebrandt acquired 400 shares of the stock in a transaction that occurred on Tuesday, October 21st. The shares were bought at an average price of $248.76 per share, with a total value of $99,504.00. Following the completion of the purchase, the director owned 1,181 shares in the company, valued at $293,785.56. The trade was a 51.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Heico Price Performance

Shares of HEI opened at $317.55 on Friday. The company has a market cap of $44.21 billion, a P/E ratio of 69.48, a PEG ratio of 3.66 and a beta of 1.08. The stock has a fifty day moving average price of $315.96 and a 200 day moving average price of $300.32. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.35 and a quick ratio of 1.51. Heico Corporation has a 12 month low of $216.68 and a 12 month high of $338.92.

Heico (NYSE:HEI) last issued its quarterly earnings data on Monday, August 25th. The aerospace company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.14. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.11 billion. Heico had a return on equity of 16.29% and a net margin of 14.96%.The firm’s revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS. On average, research analysts forecast that Heico Corporation will post 4.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Avalon Capital Management boosted its stake in Heico by 33.9% during the third quarter. Avalon Capital Management now owns 5,217 shares of the aerospace company’s stock valued at $1,684,000 after buying an additional 1,322 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Heico by 31.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 8,533 shares of the aerospace company’s stock valued at $2,755,000 after buying an additional 2,029 shares in the last quarter. Simon Quick Advisors LLC boosted its stake in Heico by 5.8% during the third quarter. Simon Quick Advisors LLC now owns 652 shares of the aerospace company’s stock valued at $211,000 after buying an additional 36 shares in the last quarter. Silver Oak Securities Incorporated bought a new position in Heico during the third quarter valued at about $397,000. Finally, XML Financial LLC boosted its stake in Heico by 12.8% during the third quarter. XML Financial LLC now owns 881 shares of the aerospace company’s stock valued at $284,000 after buying an additional 100 shares in the last quarter. Institutional investors own 27.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $382.00 price target (up previously from $337.00) on shares of Heico in a research note on Wednesday, August 27th. Stifel Nicolaus set a $360.00 price target on Heico in a research note on Tuesday, August 26th. Jefferies Financial Group reissued a “buy” rating on shares of Heico in a research note on Monday, August 18th. Bank of America increased their price target on Heico from $355.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Finally, UBS Group increased their price target on Heico from $346.00 to $375.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 27th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $346.09.

Heico Company Profile

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