Heico (NYSE:HEI) Stock: Insider Mark Hildebrandt Acquires 795 Shares

Heico Corporation (NYSE:HEI) Director Mark Hildebrandt bought 795 shares of Heico stock in a transaction on Thursday, October 8th. The stock was purchased at an average price of $220.30 per share, for a total transaction of $175,138.50. Following the completion of the acquisition, the director owned 50,218 shares in the company, valued at $11,063,025.40. This represents a 1.61% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Heico Trading Up 0.6%

Shares of Heico stock opened at $298.64 on Thursday. Heico Corporation has a fifty-two week low of $256.11 and a fifty-two week high of $376.86. The business’s fifty day moving average is $325.40 and its two-hundred day moving average is $320.42. The company has a quick ratio of 1.27, a current ratio of 2.72 and a debt-to-equity ratio of 0.51. The firm has a market cap of $41.74 billion, a PE ratio of 49.69, a P/E/G ratio of 2.49 and a beta of 1.09.

Heico (NYSE:HEI) last released its earnings results on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.16. Heico had a net margin of 16.38% and a return on equity of 18.00%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm earned $1.26 earnings per share. Heico’s revenue was up 23.1% compared to the same quarter last year. Analysts anticipate that Heico Corporation will post 6.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HEI. Maridea Wealth Management LLC purchased a new stake in Heico during the second quarter worth approximately $1,128,000. Silvant Capital Management LLC acquired a new stake in shares of Heico in the second quarter worth $9,385,000. SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Heico in the second quarter worth $1,262,000. Cypress Capital Management LLC WY acquired a new stake in shares of Heico in the second quarter worth $1,315,000. Finally, Safeguard Investment Advisory Group LLC purchased a new position in shares of Heico in the 2nd quarter valued at $2,330,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Heico News Roundup

Here are the key news stories impacting Heico this week:

• Positive Sentiment: Seven Heico directors reported open-market purchases dated October 8. Six directors each bought 795 shares at a reported average of $220.30, while Julie Neitzel purchased 592 shares at $294.93. The combined purchases totaled approximately $1.23 million and increased each director’s existing stake, potentially signaling confidence after recent share-price weakness. Heico insider buying report
• Positive Sentiment: Co-CEOs and Co-Chairmen Eric A. Mendelson and Victor H. received the Wright Brothers Memorial Award for their contributions to aerospace. The recognition supports Heico’s leadership reputation, although it has no immediate effect on earnings or cash flow. Wright Brothers Memorial Award announcement
• Neutral Sentiment: Heico’s latest reported quarter showed strong operating momentum: revenue increased 23.1% year over year to $1.41 billion, while EPS of $1.67 exceeded the $1.51 consensus estimate. However, those results were released previously and are likely already reflected in the stock.
• Neutral Sentiment: Analyst sentiment remains favorable overall, with a MarketBeat average rating of “Moderate Buy” and an average target of $387. However, TD Cowen recently lowered its target to $330 and maintained a “Hold” rating, underscoring near-term valuation concerns.
• Negative Sentiment: At roughly $297, Heico trades at about 49 times earnings and below its 50-day average of $326.78 and 200-day average of $320.23. The premium valuation leaves the stock vulnerable if aerospace growth slows or investors reduce expectations.

Analyst Ratings Changes

HEI has been the subject of several research reports. Wall Street Zen cut shares of Heico from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Melius Research set a $350.00 price objective on Heico and gave the stock a “hold” rating in a report on Monday, September 14th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $491.00 target price on shares of Heico in a research report on Monday, August 31st. Morgan Stanley set a $365.00 target price on Heico and gave the company an “equal weight” rating in a report on Wednesday, September 2nd. Finally, Citigroup lifted their target price on Heico from $429.00 to $441.00 and gave the company a “buy” rating in a report on Friday, August 28th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $387.00.

Heico Company Profile

HEICO Corporation is an aerospace, defense, and electronics company that designs, manufactures, and distributes specialized products for commercial aviation, defense, space, medical, telecommunications, and other industrial markets. Founded in 1957, the company is headquartered in Hollywood, Florida, and serves customers worldwide, including airlines, original equipment manufacturers, government agencies, and defense contractors.

HEICO operates through two primary segments. Its Flight Support Group produces FAA-approved replacement parts for jet engines and aircraft components, as well as provides aircraft and engine component repair, overhaul, and maintenance services.