Insider Buying: Heico Corp (NYSE:HEI) Director Acquires 963 Shares of Stock
Heico Corp (NYSE:HEI) Director Mark H. Hildebrandt acquired 963 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average price of $103.34 per share, with a total value of $99,516.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of HEI traded down $0.10 during mid-day trading on Wednesday, reaching $126.85. 1,822 shares of the company were exchanged, compared to its average volume of 385,233. Heico Corp has a 52 week low of $71.24 and a 52 week high of $129.64. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.20 and a quick ratio of 1.56. The company has a market capitalization of $17.13 billion, a price-to-earnings ratio of 69.93, a price-to-earnings-growth ratio of 4.76 and a beta of 0.66.
Heico (NYSE:HEI) last issued its quarterly earnings data on Tuesday, May 28th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.11. Heico had a return on equity of 18.31% and a net margin of 15.36%. The company had revenue of $515.60 million during the quarter, compared to the consensus estimate of $480.17 million. During the same period last year, the company earned $0.55 earnings per share. The firm’s revenue was up 19.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Heico Corp will post 2.22 EPS for the current year.
A number of hedge funds have recently modified their holdings of HEI. Federated Investors Inc. PA raised its stake in shares of Heico by 7.8% during the 1st quarter. Federated Investors Inc. PA now owns 829,546 shares of the aerospace company’s stock valued at $78,699,000 after purchasing an additional 59,748 shares during the period. Two Sigma Investments LP increased its stake in Heico by 140.6% in the 4th quarter. Two Sigma Investments LP now owns 245,747 shares of the aerospace company’s stock worth $19,040,000 after acquiring an additional 143,602 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in Heico by 22.3% in the 1st quarter. Loomis Sayles & Co. L P now owns 221,537 shares of the aerospace company’s stock worth $21,017,000 after acquiring an additional 40,419 shares during the last quarter. Telemark Asset Management LLC increased its stake in Heico by 40.0% in the 4th quarter. Telemark Asset Management LLC now owns 175,000 shares of the aerospace company’s stock worth $11,749,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Heico by 0.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 173,597 shares of the aerospace company’s stock worth $13,450,000 after acquiring an additional 607 shares during the last quarter. Institutional investors and hedge funds own 25.07% of the company’s stock.
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Heico Company Profile
HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.
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