Insider Buying: Heico (NYSE:HEI.A) Director Acquires $175,138.50 in Stock

Heico Corporation (NYSE:HEI.A) Director Mark Hildebrandt acquired 795 shares of the business’s stock in a transaction dated Thursday, October 8th. The stock was acquired at an average cost of $220.30 per share, with a total value of $175,138.50. Following the completion of the transaction, the director owned 50,218 shares of the company’s stock, valued at approximately $11,063,025.40. The trade was a 1.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Heico Stock Performance

Shares of NYSE HEI.A opened at $231.50 on Friday. The company has a current ratio of 2.72, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. Heico Corporation has a 12 month low of $199.35 and a 12 month high of $279.66. The stock has a 50 day moving average of $240.38 and a 200-day moving average of $237.88. The company has a market capitalization of $32.35 billion, a P/E ratio of 37.34 and a beta of 1.13.

Heico (NYSE:HEI.A) last posted its earnings results on Tuesday, August 25th. The company reported $1.67 earnings per share for the quarter. Heico had a return on equity of 18.00% and a net margin of 16.38%. The business had revenue of $1.41 billion for the quarter. As a group, equities research analysts predict that Heico Corporation will post 6.25 EPS for the current year.

Wall Street Analyst Weigh In

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