Heico (NYSE:HEI) Stock: Insider Thomas Culligan Purchases 795 Shares

Heico Corporation (NYSE:HEI) Director Thomas Culligan acquired 795 shares of the firm’s stock in a transaction on Thursday, October 8th. The shares were bought at an average cost of $220.30 per share, for a total transaction of $175,138.50. Following the completion of the acquisition, the director owned 11,825 shares of the company’s stock, valued at approximately $2,605,047.50. This represents a 7.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Heico Stock Up 0.6%

Shares of NYSE HEI opened at $298.64 on Thursday. The firm has a market cap of $41.74 billion, a price-to-earnings ratio of 49.69, a price-to-earnings-growth ratio of 2.49 and a beta of 1.09. The company’s 50-day simple moving average is $325.40 and its 200-day simple moving average is $320.42. The company has a quick ratio of 1.27, a current ratio of 2.72 and a debt-to-equity ratio of 0.51. Heico Corporation has a 52-week low of $256.11 and a 52-week high of $376.86.

Heico (NYSE:HEI) last issued its quarterly earnings results on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.16. Heico had a net margin of 16.38% and a return on equity of 18.00%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the company posted $1.26 EPS. Heico’s quarterly revenue was up 23.1% compared to the same quarter last year. Equities analysts predict that Heico Corporation will post 6.28 EPS for the current fiscal year.

Trending Headlines about Heico

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.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. TD Cowen lowered their price target on Heico from $350.00 to $330.00 and set a “hold” rating on the stock in a research note on Friday, October 9th. Morgan Stanley set a $365.00 price objective on Heico and gave the company an “equal weight” rating in a research note on Wednesday, September 2nd. Wall Street Zen downgraded Heico from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Stifel Nicolaus set a $410.00 price objective on Heico in a report on Thursday, August 27th. Finally, Deutsche Bank Aktiengesellschaft set a $421.00 price objective on Heico and gave the company a “buy” rating in a report on Wednesday, August 19th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $387.00.

Hedge Funds Weigh In On Heico

Institutional investors and hedge funds have recently bought and sold shares of the company. Diamant Asset Management Inc. increased its position in shares of Heico by 25,698.9% during the first quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company’s stock valued at $209,392,000 after acquiring an additional 760,687 shares during the last quarter. Weitz Investment Management Inc. purchased a new stake in shares of Heico in the 2nd quarter valued at approximately $52,737,000. Bank of New York Mellon Corp acquired a new position in shares of Heico in the 2nd quarter worth approximately $54,386,000. Freestone Grove Partners LP acquired a new position in shares of Heico in the 2nd quarter worth approximately $50,276,000. Finally, Munro Partners lifted its holdings in shares of Heico by 44.2% in the 4th quarter. Munro Partners now owns 284,898 shares of the aerospace company’s stock worth $92,190,000 after acquiring an additional 87,265 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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.