Heico (NYSE:HEI.A) Director Purchases $175,138.50 in Stock

Heico Corporation (NYSE:HEI.A) Director Carol Fine acquired 795 shares of the firm’s stock in a transaction on Thursday, October 8th. The shares were bought at an average cost of $220.30 per share, with a total value of $175,138.50. Following the completion of the acquisition, the director directly owned 1,467 shares in the company, valued at approximately $323,180.10. This represents a 118.30% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Heico Stock Performance

Shares of Heico stock opened at $231.50 on Friday. The company has a market cap of $32.35 billion, a PE ratio of 37.34 and a beta of 1.13. Heico Corporation has a 52 week low of $199.35 and a 52 week high of $279.66. The business has a 50 day moving average price of $240.38 and a 200-day moving average price of $237.88. 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 posted its earnings results on Tuesday, August 25th. The company reported $1.67 earnings per share for the quarter. The company 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%. Equities analysts anticipate that Heico Corporation will post 6.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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