Insider Selling: Heico (NYSE:HEI) CAO Sells $320,401.38 in Stock

Heico Corporation (NYSE:HEI) CAO Bradley Rowen sold 1,326 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total transaction of $320,401.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Heico Trading Down 2.2%

Shares of HEI stock opened at $331.65 on Friday. Heico Corporation has a 52-week low of $256.11 and a 52-week high of $361.69. The stock has a market cap of $46.32 billion, a price-to-earnings ratio of 59.22, a P/E/G ratio of 3.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.36 and a current ratio of 2.92. The firm has a fifty day moving average of $297.61 and a 200-day moving average of $312.65.

Heico (NYSE:HEI) last announced its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.33. Heico had a net margin of 16.08% and a return on equity of 17.52%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the company posted $1.12 EPS. The business’s revenue was up 25.3% on a year-over-year basis. On average, equities research analysts forecast that Heico Corporation will post 5.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

HEI has been the subject of a number of recent analyst reports. Rothschild & Co Redburn set a $360.00 target price on shares of Heico and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Susquehanna increased their target price on shares of Heico from $321.00 to $365.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Jefferies Financial Group reiterated a “buy” rating and set a $410.00 target price (up from $375.00) on shares of Heico in a research report on Thursday, May 28th. Royal Bank Of Canada increased their target price on shares of Heico from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, BNP Paribas Exane upgraded shares of Heico from a “neutral” rating to an “outperform” rating in a research report on Friday, February 27th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Heico has an average rating of “Moderate Buy” and an average price target of $371.63.

Institutional Investors Weigh In On Heico

A number of hedge funds have recently added to or reduced their stakes in the stock. IFC & Insurance Marketing Inc. bought a new position in shares of Heico in the 4th quarter valued at about $26,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of Heico by 1,000.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 80 shares during the last quarter. Birchwood Financial Partners Inc. bought a new position in shares of Heico in the 4th quarter valued at about $32,000. V Square Quantitative Management LLC bought a new position in shares of Heico in the 4th quarter valued at about $37,000. Finally, FNY Investment Advisers LLC boosted its stake in shares of Heico by 862.5% in the 4th quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

About Heico

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.