Insider Buying: Heico (NYSE:HEI) Director Buys $175,138.50 in Stock

Heico Corporation (NYSE:HEI) Director Alan Schriesheim bought 795 shares of the company’s stock in a transaction on Thursday, October 8th. The shares were bought at an average price of $220.30 per share, for a total transaction of $175,138.50. Following the transaction, the director owned 1,202 shares of the company’s stock, valued at approximately $264,800.60. This represents a 195.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Heico Price Performance

Shares of NYSE HEI opened at $308.46 on Friday. The stock has a market cap of $43.11 billion, a PE ratio of 51.33, a price-to-earnings-growth ratio of 2.50 and a beta of 1.09. Heico Corporation has a fifty-two week low of $256.11 and a fifty-two week high of $376.86. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72. The stock has a fifty day moving average of $324.29 and a 200-day moving average of $320.66.

Heico (NYSE:HEI) last released its quarterly earnings data 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. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.36 billion. Heico had a return on equity of 18.00% and a net margin of 16.38%. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 EPS. Equities research analysts anticipate that Heico Corporation will post 6.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. NFSG Corp bought a new position in shares of Heico in the third quarter worth $31,000. Osterweis Capital Management Inc. purchased a new stake in shares of Heico in the second quarter worth $81,000. Bayban purchased a new stake in shares of Heico in the fourth quarter worth $89,000. Oslo Pensjonsforsikring AS bought a new stake in Heico during the first quarter valued at $100,000. Finally, Parvin Asset Management LLC bought a new stake in Heico during the second quarter valued at $145,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HEI. Jefferies Financial Group set a $430.00 target price on Heico and gave the company a “buy” rating in a report on Wednesday, August 26th. Guggenheim assumed coverage on Heico in a research report on Monday, September 14th. They set a “neutral” rating on the stock. UBS Group reissued a “neutral” rating and issued a $396.00 price target (up from $382.00) on shares of Heico in a report on Thursday, August 27th. Citigroup increased their price target on shares of Heico from $429.00 to $441.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Finally, TD Cowen cut their price objective on shares of Heico from $350.00 to $330.00 and set a “hold” rating for the company in a research report on Friday, October 9th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Heico presently 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.