Carol Fine Acquires 672 Shares of Heico (NYSE:HEI) Stock

Heico Corporation (NYSE:HEI) Director Carol Fine acquired 672 shares of the stock in a transaction that occurred on Friday, October 10th. The shares were bought at an average cost of $243.93 per share, with a total value of $163,920.96. Following the transaction, the director directly owned 672 shares in the company, valued at $163,920.96. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Heico Stock Down 1.8%

Heico stock opened at $307.45 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.51 and a current ratio of 3.35. The firm has a 50 day moving average price of $316.19 and a 200 day moving average price of $298.05. Heico Corporation has a fifty-two week low of $216.68 and a fifty-two week high of $338.92. The company has a market capitalization of $42.80 billion, a PE ratio of 67.28, a price-to-earnings-growth ratio of 3.67 and a beta of 1.08.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HEI shares. Bank of America lifted their target price on Heico from $355.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Weiss Ratings restated a “buy (b)” rating on shares of Heico in a report on Tuesday. UBS Group increased their target price on shares of Heico from $346.00 to $375.00 and gave the stock a “neutral” rating in a report on Wednesday, August 27th. Zacks Research raised shares of Heico to a “hold” rating in a research report on Monday, August 11th. Finally, Robert W. Baird upped their price objective on Heico from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $346.09.

Hedge Funds Weigh In On Heico

A number of institutional investors and hedge funds have recently modified their holdings of HEI. Alpine Woods Capital Investors LLC raised its stake in Heico by 0.4% in the third quarter. Alpine Woods Capital Investors LLC now owns 12,911 shares of the aerospace company’s stock valued at $4,168,000 after buying an additional 49 shares in the last quarter. Value Partners Investments Inc. increased its holdings in shares of Heico by 4.2% in the 3rd quarter. Value Partners Investments Inc. now owns 2,658 shares of the aerospace company’s stock valued at $858,000 after acquiring an additional 106 shares during the last quarter. Optas LLC raised its position in shares of Heico by 17.5% during the 3rd quarter. Optas LLC now owns 900 shares of the aerospace company’s stock worth $291,000 after acquiring an additional 134 shares in the last quarter. Munro Partners lifted its stake in Heico by 8.5% during the third quarter. Munro Partners now owns 197,633 shares of the aerospace company’s stock worth $63,800,000 after purchasing an additional 15,560 shares during the last quarter. Finally, Embree Financial Group boosted its holdings in Heico by 1.9% in the third quarter. Embree Financial Group now owns 4,103 shares of the aerospace company’s stock valued at $1,324,000 after purchasing an additional 77 shares in the last quarter. Institutional investors and hedge funds 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.