Insider Buying: Heico (NYSE:HEI.A) Director Purchases $174,598.56 in Stock

Heico Corporation (NYSE:HEI.A) Director Julie Neitzel acquired 592 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The stock was acquired at an average cost of $294.93 per share, with a total value of $174,598.56. Following the completion of the acquisition, the director owned 1,010 shares in the company, valued at $297,879.30. This trade represents a 141.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Heico Stock Performance

Heico stock traded down $1.62 during mid-day trading on Tuesday, reaching $221.25. The company’s stock had a trading volume of 290,135 shares, compared to its average volume of 319,748. Heico Corporation has a 12-month low of $199.35 and a 12-month high of $279.66. The company has a market capitalization of $30.92 billion, a P/E ratio of 36.81 and a beta of 1.13. 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’s fifty day moving average price is $242.77 and its two-hundred day moving average price is $237.55.

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

Wall Street Analyst Weigh In

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