Heico (NYSE:HEI) Stock: Insider Julie Neitzel Buys 592 Shares

Heico Corporation (NYSE:HEI) Director Julie Neitzel bought 592 shares of the stock in a transaction on Thursday, October 8th. The stock was bought at an average price of $294.93 per share, for a total transaction of $174,598.56. Following the completion of the purchase, the director directly owned 1,010 shares in the company, valued at approximately $297,879.30. The trade was a 141.63% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Heico Stock Performance

Shares of Heico stock traded up $0.12 during trading hours on Tuesday, hitting $297.21. 477,999 shares of the company were exchanged, compared to its average volume of 578,031. The company has a current ratio of 2.72, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average of $328.21 and a 200-day moving average of $320.11. Heico Corporation has a 1 year low of $256.11 and a 1 year high of $376.86. The stock has a market capitalization of $41.54 billion, a price-to-earnings ratio of 49.45, a P/E/G ratio of 2.51 and a beta of 1.09.

Heico (NYSE:HEI) last announced its quarterly earnings data on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.16. Heico had a return on equity of 18.00% and a net margin of 16.38%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company earned $1.26 EPS. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. As a group, analysts expect that Heico Corporation will post 6.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Heico

Large investors have recently modified their holdings of the company. Mirador Capital Partners LP grew its holdings in shares of Heico by 4.0% during the 3rd quarter. Mirador Capital Partners LP now owns 5,974 shares of the aerospace company’s stock worth $1,811,000 after purchasing an additional 232 shares during the period. Athena Wealth Management LLC raised its holdings in Heico by 5.8% in the third quarter. Athena Wealth Management LLC now owns 996 shares of the aerospace company’s stock valued at $302,000 after buying an additional 55 shares during the period. City Center Advisors LLC purchased a new position in Heico in the third quarter valued at approximately $273,000. Bath Savings Trust Co lifted its position in Heico by 5.4% during the third quarter. Bath Savings Trust Co now owns 49,570 shares of the aerospace company’s stock valued at $15,029,000 after buying an additional 2,542 shares in the last quarter. Finally, CX Institutional lifted its position in Heico by 12.7% during the third quarter. CX Institutional now owns 938 shares of the aerospace company’s stock valued at $276,000 after buying an additional 106 shares in the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HEI has been the topic of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $491.00 price target on shares of Heico in a research note on Monday, August 31st. Wall Street Zen cut shares of Heico from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Stifel Nicolaus set a $410.00 target price on shares of Heico in a research report on Thursday, August 27th. Morgan Stanley set a $365.00 target price on shares of Heico and gave the stock an “equal weight” rating in a research report on Wednesday, September 2nd. Finally, Citigroup increased their target price on shares of Heico from $429.00 to $441.00 and gave the company a “buy” rating in a report on Friday, August 28th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Heico has an average 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.