Insider Buying: HEICO Co. (NYSE:HEI) CEO Acquires 725 Shares of Stock

HEICO Co. (NYSE:HEI) CEO Laurans A. Mendelson bought 725 shares of the stock in a transaction on Friday, October 18th. The shares were bought at an average price of $262.94 per share, with a total value of $190,631.50. Following the acquisition, the chief executive officer now owns 929,984 shares of the company’s stock, valued at $244,529,992.96. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

HEICO Trading Up 0.1 %

Shares of HEI stock traded up $0.21 during trading on Monday, hitting $261.10. 247,972 shares of the stock traded hands, compared to its average volume of 374,925. The firm has a market capitalization of $36.16 billion, a P/E ratio of 82.11, a price-to-earnings-growth 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. The firm’s fifty day moving average price is $255.17 and its 200-day moving average price is $231.13. HEICO Co. has a 52-week low of $155.42 and a 52-week high of $269.38.

HEICO (NYSE:HEI) last posted its earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.05. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The firm had revenue of $992.20 million during the quarter, compared to the consensus estimate of $995.34 million. During the same quarter last year, the firm earned $0.77 EPS. The firm’s revenue for the quarter was up 37.3% on a year-over-year basis. As a group, research analysts forecast that HEICO Co. will post 3.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HEI shares. Robert W. Baird upped their target price on HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Morgan Stanley upped their target price on HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a report on Friday. Royal Bank of Canada increased their price objective on HEICO from $250.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Barclays started coverage on HEICO in a report on Monday, August 19th. They set an “equal weight” rating and a $250.00 price objective for the company. Finally, UBS Group started coverage on HEICO in a report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price objective for the company. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, HEICO currently has a consensus rating of “Moderate Buy” and an average price target of $270.70.

Institutional Trading of HEICO

Several institutional investors have recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. increased its holdings in HEICO by 0.9% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 32,179 shares of the aerospace company’s stock valued at $8,414,000 after purchasing an additional 286 shares during the last quarter. Trust Point Inc. acquired a new stake in HEICO in the 3rd quarter valued at approximately $265,000. nVerses Capital LLC increased its holdings in HEICO by 1,550.0% in the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the aerospace company’s stock valued at $863,000 after purchasing an additional 3,100 shares during the last quarter. Carderock Capital Management Inc. increased its holdings in HEICO by 2.7% in the 3rd quarter. Carderock Capital Management Inc. now owns 37,261 shares of the aerospace company’s stock valued at $9,743,000 after purchasing an additional 969 shares during the last quarter. Finally, CX Institutional acquired a new stake in HEICO in the 3rd quarter valued at approximately $228,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

HEICO Company Profile

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.