Insider Buying: Heico (NYSE:HEI.A) Director Acquires $175,138.50 in Stock

Heico Corporation (NYSE:HEI.A) Director Nandakumar Cheruvatath acquired 795 shares of Heico stock in a transaction dated Thursday, October 8th. The shares were purchased at an average cost of $220.30 per share, with a total value of $175,138.50. Following the completion of the transaction, the director directly owned 4,877 shares of the company’s stock, valued at $1,074,403.10. This trade represents a 19.48% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Heico Stock Down 0.7%

Shares of NYSE:HEI.A traded down $1.62 during mid-day trading on Tuesday, reaching $221.25. 290,135 shares of the stock were exchanged, compared to its average volume of 319,748. The stock’s 50 day simple moving average is $242.77 and its 200-day simple moving average is $237.55. Heico Corporation has a one year low of $199.35 and a one year 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 quick ratio of 1.27, a current ratio of 2.72 and a debt-to-equity ratio of 0.51.

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

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Heico from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat, the company 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.