Heico (NYSE:HEI) Director Buys $163,920.96 in Stock

by · The Cerbat Gem

Heico Corporation (NYSE:HEI – Get Free Report) Director Alan Schriesheim purchased 672 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The shares were purchased at an average cost of $243.93 per share, for a total transaction of $163,920.96. Following the completion of the transaction, the director directly owned 672 shares of the company’s stock, valued at $163,920.96. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Heico Stock Up 0.1%

HEI opened at $307.40 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.35 and a quick ratio of 1.51. The company’s 50-day moving average is $316.00 and its 200 day moving average is $298.33. Heico Corporation has a fifty-two week low of $216.68 and a fifty-two week high of $338.92. The firm has a market capitalization of $42.79 billion, a P/E ratio of 67.26, a PEG ratio of 3.60 and a beta of 1.08.

Heico (NYSE:HEI – Get Free Report) last released its quarterly earnings results on Monday, August 25th. The aerospace company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.14. Heico had a net margin of 14.96% and a return on equity of 16.29%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm earned $0.97 earnings per share. The firm’s revenue was up 15.7% on a year-over-year basis. Research analysts expect that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Bank of America raised their price target on shares of Heico from $355.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Jefferies Financial Group restated a “buy” rating on shares of Heico in a report on Monday, August 18th. Robert W. Baird raised their price objective on shares of Heico from $360.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, August 27th. Stifel Nicolaus set a $360.00 price objective on shares of Heico in a report on Tuesday, August 26th. Finally, UBS Group raised their price objective on shares of Heico from $346.00 to $375.00 and gave the stock a “neutral” rating in a report on Wednesday, August 27th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $346.09.

Check Out Our Latest Analysis on HEI

Hedge Funds Weigh In On Heico

Large investors have recently modified their holdings of the business. Artemis Investment Management LLP purchased a new position in shares of Heico in the first quarter worth about $7,612,000. Baker Avenue Asset Management LP purchased a new position in shares of Heico in the first quarter worth about $345,000. Freedom Day Solutions LLC purchased a new position in shares of Heico in the first quarter worth about $2,653,000. Praxis Investment Management Inc. increased its stake in shares of Heico by 24.9% in the first quarter. Praxis Investment Management Inc. now owns 8,830 shares of the aerospace company’s stock worth $2,359,000 after purchasing an additional 1,760 shares in the last quarter. Finally, Global Trust Asset Management LLC increased its stake in shares of Heico by 145.2% in the second quarter. Global Trust Asset Management LLC now owns 4,610 shares of the aerospace company’s stock worth $1,512,000 after purchasing an additional 2,730 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Heico Company Profile

(Get Free Report)

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.

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