Heico (NYSE:HEI) Director Julie Neitzel Acquires 676 Shares of Stock

Heico Corporation (NYSE:HEI) Director Julie Neitzel purchased 676 shares of Heico stock in a transaction on Friday, October 10th. The shares were acquired at an average cost of $243.93 per share, for a total transaction of $164,896.68. Following the completion of the transaction, the director owned 676 shares of the company’s stock, valued at $164,896.68. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Heico Trading Up 0.6%

Shares of HEI stock opened at $313.34 on Wednesday. The stock has a market cap of $43.62 billion, a price-to-earnings ratio of 68.56, a price-to-earnings-growth ratio of 3.65 and a beta of 1.08. The company has a quick ratio of 1.51, a current ratio of 3.35 and a debt-to-equity ratio of 0.58. Heico Corporation has a fifty-two week low of $216.68 and a fifty-two week high of $338.92. The firm’s 50 day moving average price is $316.36 and its two-hundred day moving average price is $297.99.

Heico (NYSE:HEI) last announced 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. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Heico had a net margin of 14.96% and a return on equity of 16.29%. Heico’s revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 earnings per share. On average, analysts anticipate that Heico Corporation will post 4.2 EPS for the current year.

Wall Street Analysts Forecast Growth

HEI has been the topic of a number of recent research reports. Royal Bank Of Canada set a $350.00 price target on shares of Heico in a research report on Wednesday, August 27th. Wall Street Zen raised shares of Heico from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Heico in a research note on Tuesday. Barclays lifted their price objective on shares of Heico from $280.00 to $300.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 2nd. Finally, Stifel Nicolaus set a $360.00 price objective on shares of Heico in a research note on Tuesday, August 26th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $346.09.

Institutional Trading of Heico

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Artemis Investment Management LLP bought a new stake in shares of Heico in the first quarter worth $7,612,000. Baker Avenue Asset Management LP bought a new stake in shares of Heico in the first quarter worth $345,000. Freedom Day Solutions LLC bought a new stake in shares of Heico in the first quarter worth $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 buying an additional 1,760 shares during 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 buying an additional 2,730 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

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.