Heico (NYSE:HEI.A) Shares Down 0.9% – Here’s Why

Heico Corporation (NYSE:HEI.A)’s stock price was down 0.9% on Monday . The stock traded as low as $244.40 and last traded at $245.58. Approximately 188,474 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 235,635 shares. The stock had previously closed at $247.73.

Heico Trading Down 0.9%

The company’s 50 day moving average price is $248.98 and its two-hundred day moving average price is $239.64. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.35 and a quick ratio of 1.51. The stock has a market capitalization of $34.19 billion, a PE ratio of 53.74 and a beta of 1.11.

Heico (NYSE:HEI.A) last announced its quarterly earnings results on Monday, August 25th. The company reported $1.26 earnings per share for the quarter. The business had revenue of $1.15 billion during the quarter. Heico had a net margin of 14.96% and a return on equity of 16.29%.

Insider Transactions at Heico

In other Heico news, Director Thomas M. Culligan acquired 676 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The stock was purchased at an average price of $243.93 per share, for a total transaction of $164,896.68. Following the completion of the acquisition, the director owned 11,030 shares of the company’s stock, valued at approximately $2,690,547.90. This trade represents a 6.53% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark H. Hildebrandt acquired 676 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The stock was acquired at an average price of $243.93 per share, with a total value of $164,896.68. Following the acquisition, the director directly owned 49,423 shares of the company’s stock, valued at approximately $12,055,752.39. This represents a 1.39% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have acquired 4,448 shares of company stock valued at $1,086,933. 9.76% of the stock is owned by corporate insiders.

About Heico

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.