Heico (NYSE:HEI) CAO Bradley Rowen Sells 1,326 Shares of Stock

Heico Corporation (NYSE:HEI) CAO Bradley Rowen sold 1,326 shares of Heico stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total transaction of $320,401.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Heico Trading Up 5.8%

NYSE HEI opened at $339.48 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.36 and a current ratio of 2.92. The firm has a market cap of $47.41 billion, a PE ratio of 60.62, a P/E/G ratio of 3.42 and a beta of 1.03. Heico Corporation has a one year low of $256.11 and a one year high of $361.69. The firm’s fifty day moving average is $296.49 and its two-hundred day moving average is $312.52.

Heico (NYSE:HEI) last issued its quarterly earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.33. Heico had a net margin of 16.08% and a return on equity of 17.52%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the business posted $1.12 earnings per share. The business’s revenue was up 25.3% compared to the same quarter last year. Analysts expect that Heico Corporation will post 5.78 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HEI. IFC & Insurance Marketing Inc. acquired a new position in Heico during the fourth quarter worth about $26,000. CBIZ Investment Advisory Services LLC grew its position in Heico by 1,000.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after buying an additional 80 shares during the period. Birchwood Financial Partners Inc. acquired a new position in Heico during the fourth quarter worth about $32,000. V Square Quantitative Management LLC acquired a new position in Heico during the fourth quarter worth about $37,000. Finally, FNY Investment Advisers LLC grew its position in Heico by 862.5% during the fourth quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock worth $49,000 after buying an additional 138 shares during the period. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HEI. Truist Financial upgraded shares of Heico to a “strong-buy” rating in a research note on Friday, May 1st. UBS Group reiterated a “neutral” rating and set a $390.00 price target (up from $371.00) on shares of Heico in a research note on Monday, June 1st. Citigroup reiterated a “buy” rating and set a $403.00 price target (up from $323.00) on shares of Heico in a research note on Monday, June 1st. BNP Paribas Exane upgraded shares of Heico from a “neutral” rating to an “outperform” rating in a research note on Friday, February 27th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $410.00 price target (up from $375.00) on shares of Heico in a research note on Thursday, May 28th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $371.63.

About Heico

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.