Heico (NYSE:HEI) Stock: Insider Adolfo Henriques Buys 795 Shares

Heico Corporation (NYSE:HEI) Director Adolfo Henriques acquired 795 shares of the company’s stock in a transaction on Thursday, October 8th. The stock was 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 24,864 shares in the company, valued at approximately $5,477,539.20. This represents a 3.30% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Heico Stock Performance

NYSE:HEI opened at $298.64 on Thursday. The company has a market cap of $41.74 billion, a price-to-earnings ratio of 49.69, a PEG ratio of 2.49 and a beta of 1.09. Heico Corporation has a fifty-two week low of $256.11 and a fifty-two week high of $376.86. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72. The stock has a fifty day moving average price of $325.40 and a 200-day moving average price of $320.42.

Heico (NYSE:HEI) last issued its quarterly earnings results on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.16. Heico had a return on equity of 18.00% and a net margin of 16.38%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the business earned $1.26 earnings per share. Heico’s revenue was up 23.1% on a year-over-year basis. As a group, equities analysts anticipate that Heico Corporation will post 6.28 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on HEI. The Goldman Sachs Group reiterated a “buy” rating and set a $491.00 price objective on shares of Heico in a research note on Monday, August 31st. Wall Street Zen cut shares of Heico from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. TD Cowen dropped their target price on shares of Heico from $350.00 to $330.00 and set a “hold” rating for the company in a research report on Friday, October 9th. Jefferies Financial Group set a $430.00 price target on shares of Heico and gave the stock a “buy” rating in a report on Wednesday, August 26th. Finally, Morgan Stanley set a $365.00 price target on shares of Heico and gave the stock an “equal weight” rating in a report on Wednesday, September 2nd. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $387.00.

Heico News Summary

Here are the key news stories impacting Heico this week:

• Positive Sentiment: Seven Heico directors reported open-market purchases dated October 8. Six directors each bought 795 shares at a reported average of $220.30, while Julie Neitzel purchased 592 shares at $294.93. The combined purchases totaled approximately $1.23 million and increased each director’s existing stake, potentially signaling confidence after recent share-price weakness. Heico insider buying report
• Positive Sentiment: Co-CEOs and Co-Chairmen Eric A. Mendelson and Victor H. received the Wright Brothers Memorial Award for their contributions to aerospace. The recognition supports Heico’s leadership reputation, although it has no immediate effect on earnings or cash flow. Wright Brothers Memorial Award announcement
• Neutral Sentiment: Heico’s latest reported quarter showed strong operating momentum: revenue increased 23.1% year over year to $1.41 billion, while EPS of $1.67 exceeded the $1.51 consensus estimate. However, those results were released previously and are likely already reflected in the stock.
• Neutral Sentiment: Analyst sentiment remains favorable overall, with a MarketBeat average rating of “Moderate Buy” and an average target of $387. However, TD Cowen recently lowered its target to $330 and maintained a “Hold” rating, underscoring near-term valuation concerns.
• Negative Sentiment: At roughly $297, Heico trades at about 49 times earnings and below its 50-day average of $326.78 and 200-day average of $320.23. The premium valuation leaves the stock vulnerable if aerospace growth slows or investors reduce expectations.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Diamant Asset Management Inc. grew its holdings in shares of Heico by 25,698.9% during the 1st quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company’s stock valued at $209,392,000 after purchasing an additional 760,687 shares during the last quarter. Munro Partners increased its position in Heico by 44.2% during the 4th quarter. Munro Partners now owns 284,898 shares of the aerospace company’s stock worth $92,190,000 after purchasing an additional 87,265 shares in the last quarter. Weitz Investment Management Inc. acquired a new position in Heico during the 2nd quarter worth approximately $52,737,000. Bank of New York Mellon Corp bought a new position in Heico in the 2nd quarter valued at approximately $54,386,000. Finally, Freestone Grove Partners LP bought a new position in Heico in the 2nd quarter valued at approximately $50,276,000. 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 distributes specialized products for commercial aviation, defense, space, medical, telecommunications, and other industrial markets. Founded in 1957, the company is headquartered in Hollywood, Florida, and serves customers worldwide, including airlines, original equipment manufacturers, government agencies, and defense contractors.

HEICO operates through two primary segments. Its Flight Support Group produces FAA-approved replacement parts for jet engines and aircraft components, as well as provides aircraft and engine component repair, overhaul, and maintenance services.