HEICO Co. (NYSE:HEI) Insider Buys $190,894.44 in Stock

HEICO Co. (NYSE:HEI) insider Victor H. Mendelson acquired 726 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were purchased at an average cost of $262.94 per share, for a total transaction of $190,894.44. Following the completion of the transaction, the insider now directly owns 1,234,950 shares in the company, valued at $324,717,753. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

HEICO Trading Down 2.2 %

HEICO stock opened at $255.44 on Wednesday. The stock has a market cap of $35.38 billion, a P/E ratio of 80.33, a PEG ratio of 3.69 and a beta of 1.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47. HEICO Co. has a 1 year low of $155.42 and a 1 year high of $269.38. The firm’s 50 day moving average price is $255.69 and its 200-day moving average price is $231.64.

HEICO (NYSE:HEI) last released its quarterly earnings data on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. The firm had revenue of $992.20 million for the quarter, compared to analysts’ expectations of $995.34 million. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The company’s revenue for the quarter was up 37.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 earnings per share. On average, equities analysts predict that HEICO Co. will post 3.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Robert W. Baird raised their price target on shares of HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Benchmark reaffirmed a “buy” rating and set a $245.00 price target on shares of HEICO in a report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of HEICO from $235.00 to $271.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Truist Financial increased their price objective on shares of HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Barclays initiated coverage on shares of HEICO in a research note on Monday, August 19th. They issued an “equal weight” rating and a $250.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, HEICO currently has an average rating of “Moderate Buy” and an average price target of $270.70.

Institutional Investors Weigh In On HEICO

Institutional investors and hedge funds have recently modified their holdings of the stock. Andra AP fonden purchased a new position in shares of HEICO in the second quarter valued at $45,000. Center for Financial Planning Inc. purchased a new position in HEICO during the second quarter worth $52,000. American National Bank purchased a new position in HEICO during the second quarter worth $66,000. Strategic Financial Concepts LLC purchased a new position in HEICO during the second quarter worth $67,000. Finally, FSC Wealth Advisors LLC purchased a new position in HEICO during the second quarter worth $73,000. Institutional investors own 27.12% of the company’s stock.

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. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.