Adolfo Henriques Buys 676 Shares of Heico (NYSE:HEI) Stock

Heico Corporation (NYSE:HEI) Director Adolfo Henriques purchased 676 shares of Heico stock in a transaction on Friday, October 10th. The stock was bought at an average cost of $243.93 per share, for a total transaction of $164,896.68. Following the transaction, the director directly owned 24,069 shares in the company, valued at $5,871,151.17. This represents a 2.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Heico Stock Performance

Shares of Heico stock opened at $307.45 on Thursday. The business has a 50-day simple moving average of $316.19 and a 200-day simple moving average of $298.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.51 and a current ratio of 3.35. Heico Corporation has a one year low of $216.68 and a one year high of $338.92. The company has a market cap of $42.80 billion, a PE ratio of 67.28, a P/E/G ratio of 3.67 and a beta of 1.08.

Heico (NYSE:HEI) last issued its quarterly earnings results on Monday, August 25th. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. On average, equities research analysts forecast that Heico Corporation will post 4.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HEI has been the topic of several recent analyst reports. Morgan Stanley increased their target price on Heico from $305.00 to $330.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. Barclays upped their price objective on Heico from $280.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 2nd. Stifel Nicolaus set a $360.00 target price on Heico in a research report on Tuesday, August 26th. Royal Bank Of Canada set a $350.00 target price on Heico in a research note on Wednesday, August 27th. Finally, Truist Financial upped their price target on Heico from $352.00 to $366.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $346.09.

Institutional Trading of Heico

A number of large investors have recently made changes to their positions in HEI. American Century Companies Inc. increased its position in Heico by 68.9% during the second quarter. American Century Companies Inc. now owns 528,145 shares of the aerospace company’s stock worth $173,232,000 after buying an additional 215,530 shares during the period. EULAV Asset Management boosted its holdings in shares of Heico by 1.8% in the first quarter. EULAV Asset Management now owns 461,693 shares of the aerospace company’s stock valued at $123,360,000 after acquiring an additional 8,000 shares during the period. Congress Asset Management Co. grew its position in shares of Heico by 366.0% during the second quarter. Congress Asset Management Co. now owns 308,457 shares of the aerospace company’s stock worth $101,174,000 after acquiring an additional 242,264 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. increased its holdings in shares of Heico by 3.8% in the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 201,173 shares of the aerospace company’s stock valued at $65,985,000 after acquiring an additional 7,364 shares during the period. Finally, Munro Partners raised its position in Heico by 8.5% in the 3rd quarter. Munro Partners now owns 197,633 shares of the aerospace company’s stock valued at $63,800,000 after purchasing an additional 15,560 shares during the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

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.