Heico (NYSE:HEI.A) Director Buys 795 Shares of Company Stock

Heico Corporation (NYSE:HEI.A) Director Mark Hildebrandt purchased 795 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were acquired at an average cost of $220.30 per share, for a total transaction of $175,138.50. Following the purchase, the director owned 50,218 shares of the company’s stock, valued at $11,063,025.40. This represents a 1.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Heico Price Performance

Shares of NYSE:HEI.A traded down $1.62 on Tuesday, reaching $221.25. The company’s stock had a trading volume of 290,135 shares, compared to its average volume of 319,748. Heico Corporation has a 52-week low of $199.35 and a 52-week high of $279.66. The company has a market cap of $30.92 billion, a P/E ratio of 36.81 and a beta of 1.13. The company has a 50-day simple moving average of $242.77 and a 200 day simple moving average of $237.55. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72.

Heico (NYSE:HEI.A) last announced its earnings results on Tuesday, August 25th. The company reported $1.67 earnings per share (EPS) for the quarter. Heico had a net margin of 16.38% and a return on equity of 18.00%. The firm had revenue of $1.41 billion for the quarter. As a group, equities research analysts anticipate that Heico Corporation will post 6.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Heico from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

About Heico

HEICO Corporation is an aerospace, defense, electronics and medical technology company headquartered in Hollywood, Florida. Founded in 1957, the company develops, manufactures and sells products and services used by commercial and business aircraft operators, defense contractors, space and satellite companies, medical equipment manufacturers, telecommunications providers and other industrial customers.

HEICO operates through two principal business groups. Its Flight Support Group produces aircraft replacement parts and related components, including FAA-approved parts, as well as specialty products and services for the aviation industry.