Insider Buying: HEICO Co. (NYSE:HEI) Director Acquires 724 Shares of Stock

HEICO Co. (NYSE:HEI) Director Alan Schriesheim acquired 724 shares of the stock in a transaction dated Friday, October 18th. The stock was acquired at an average price of $262.94 per share, for a total transaction of $190,368.56. Following the completion of the acquisition, the director now directly owns 174,878 shares of the company’s stock, valued at $45,982,421.32. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Alan Schriesheim also recently made the following trade(s):

• On Monday, October 7th, Alan Schriesheim sold 332 shares of HEICO stock. The shares were sold at an average price of $201.63, for a total transaction of $66,941.16.

HEICO Stock Performance

Shares of HEICO stock traded up $0.21 during trading on Monday, reaching $261.10. The company’s stock had a trading volume of 247,972 shares, compared to its average volume of 374,925. The business’s 50-day moving average price is $255.17 and its 200-day moving average price is $231.13. The firm has a market cap of $36.16 billion, a PE ratio of 82.11, a P/E/G ratio of 3.69 and a beta of 1.22. HEICO Co. has a 52 week low of $155.42 and a 52 week high of $269.38. The company has a quick ratio of 1.47, a current ratio of 3.30 and a debt-to-equity ratio of 0.63.

HEICO (NYSE:HEI) last announced its earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The company had revenue of $992.20 million during 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%. HEICO’s quarterly revenue was up 37.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 earnings per share. Equities analysts forecast that HEICO Co. will post 3.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HEI shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of HEICO from $235.00 to $271.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Bank of America raised their target price on shares of HEICO from $250.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Royal Bank of Canada raised their target price on shares of HEICO from $250.00 to $272.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Robert W. Baird raised their target price on shares of HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Finally, Stifel Nicolaus raised their target price on shares of HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $270.70.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HEI. Gateway Investment Advisers LLC raised its stake in HEICO by 3.3% in the first quarter. Gateway Investment Advisers LLC now owns 53,781 shares of the aerospace company’s stock valued at $10,272,000 after purchasing an additional 1,713 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in HEICO in the first quarter valued at about $307,000. Avalon Capital Management raised its stake in HEICO by 103.3% in the first quarter. Avalon Capital Management now owns 3,490 shares of the aerospace company’s stock valued at $667,000 after purchasing an additional 1,773 shares in the last quarter. Dudley & Shanley Inc. raised its stake in HEICO by 24.0% in the first quarter. Dudley & Shanley Inc. now owns 18,400 shares of the aerospace company’s stock valued at $3,514,000 after purchasing an additional 3,560 shares in the last quarter. Finally, SpiderRock Advisors LLC acquired a new position in HEICO in the first quarter valued at about $988,000. Institutional investors and hedge funds 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.