Heico (NYSE:HEI) Stock: Insider Carol Fine Purchases 795 Shares

Heico Corporation (NYSE:HEI) Director Carol Fine acquired 795 shares of the stock in a transaction dated Thursday, October 8th. The stock was acquired at an average cost of $220.30 per share, for a total transaction of $175,138.50. Following the purchase, the director directly owned 1,467 shares in the company, valued at approximately $323,180.10. The trade was a 118.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Heico Stock Up 0.6%

HEI stock opened at $298.64 on Thursday. Heico Corporation has a 12 month low of $256.11 and a 12 month high of $376.86. The firm has a market cap of $41.74 billion, a PE ratio of 49.69, a P/E/G ratio of 2.49 and a beta of 1.09. The firm has a 50 day simple moving average of $325.40 and a 200 day simple moving average of $320.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.72 and a quick ratio of 1.27.

Heico (NYSE:HEI) last issued its earnings results on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.16. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Heico had a net margin of 16.38% and a return on equity of 18.00%. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the firm posted $1.26 earnings per share. Equities research analysts forecast that Heico Corporation will post 6.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

HEI has been the subject of several research reports. Morgan Stanley set a $365.00 price objective on Heico and gave the stock an “equal weight” rating in a research note on Wednesday, September 2nd. Weiss Ratings upgraded Heico from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Wall Street Zen lowered Heico from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $491.00 target price on shares of Heico in a research report on Monday, August 31st. Finally, Deutsche Bank Aktiengesellschaft set a $421.00 target price on Heico and gave the company a “buy” rating in a report on Wednesday, August 19th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $387.00.

Institutional Investors Weigh In On Heico

Several hedge funds have recently made changes to their positions in the company. Fortress Financial Solutions LLC purchased a new position in Heico during the 3rd quarter worth approximately $418,000. Union Savings Bank raised its stake in Heico by 7,700.0% during the 3rd quarter. Union Savings Bank now owns 1,326 shares of the aerospace company’s stock valued at $402,000 after purchasing an additional 1,309 shares during the period. MinichMacGregor Wealth Management LLC raised its stake in Heico by 3.0% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 23,553 shares of the aerospace company’s stock valued at $7,141,000 after purchasing an additional 683 shares during the period. Mirador Capital Partners LP raised its stake in Heico by 4.0% during the 3rd quarter. Mirador Capital Partners LP now owns 5,974 shares of the aerospace company’s stock valued at $1,811,000 after purchasing an additional 232 shares during the period. Finally, Athena Wealth Management LLC lifted its holdings in shares of 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 purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Heico News Roundup

Here are the key news stories impacting Heico this week:

• Positive Sentiment: Seven Heico directors reported open-market purchases dated October 8. Six directors each bought 795 shares at a reported average of $220.30, while Julie Neitzel purchased 592 shares at $294.93. The combined purchases totaled approximately $1.23 million and increased each director’s existing stake, potentially signaling confidence after recent share-price weakness. Heico insider buying report
• Positive Sentiment: Co-CEOs and Co-Chairmen Eric A. Mendelson and Victor H. received the Wright Brothers Memorial Award for their contributions to aerospace. The recognition supports Heico’s leadership reputation, although it has no immediate effect on earnings or cash flow. Wright Brothers Memorial Award announcement
• Neutral Sentiment: Heico’s latest reported quarter showed strong operating momentum: revenue increased 23.1% year over year to $1.41 billion, while EPS of $1.67 exceeded the $1.51 consensus estimate. However, those results were released previously and are likely already reflected in the stock.
• Neutral Sentiment: Analyst sentiment remains favorable overall, with a MarketBeat average rating of “Moderate Buy” and an average target of $387. However, TD Cowen recently lowered its target to $330 and maintained a “Hold” rating, underscoring near-term valuation concerns.
• Negative Sentiment: At roughly $297, Heico trades at about 49 times earnings and below its 50-day average of $326.78 and 200-day average of $320.23. The premium valuation leaves the stock vulnerable if aerospace growth slows or investors reduce expectations.

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.