Mark H. Hildebrandt Buys 1,316 Shares of Heico Corporation (HEI) Stock
Heico Corporation (NYSE:HEI) Director Mark H. Hildebrandt purchased 1,316 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were bought at an average cost of $76.13 per share, for a total transaction of $100,187.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Heico Corporation (NYSE:HEI) opened at 88.88 on Friday. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 43.53 and a beta of 0.74. Heico Corporation has a 1-year low of $52.56 and a 1-year high of $91.32. The stock’s 50 day moving average is $86.48 and its 200 day moving average is $77.32.
Heico Corporation (NYSE:HEI) last issued its earnings results on Wednesday, August 23rd. The aerospace company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. Heico Corporation had a net margin of 12.04% and a return on equity of 15.56%. The company had revenue of $391.50 million for the quarter, compared to analyst estimates of $390.55 million. During the same period in the prior year, the business posted $0.62 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts forecast that Heico Corporation will post $2.10 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of HEI. Clinton Group Inc. acquired a new position in Heico Corporation during the first quarter worth about $351,000. OppenheimerFunds Inc. grew its position in Heico Corporation by 11.1% during the first quarter. OppenheimerFunds Inc. now owns 311,710 shares of the aerospace company’s stock worth $27,181,000 after buying an additional 31,070 shares during the period. Loomis Sayles & Co. L P grew its position in Heico Corporation by 31.4% during the first quarter. Loomis Sayles & Co. L P now owns 79,207 shares of the aerospace company’s stock worth $6,907,000 after buying an additional 18,920 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in Heico Corporation during the first quarter worth about $202,000. Finally, King Luther Capital Management Corp acquired a new position in Heico Corporation during the first quarter worth about $1,071,000. Institutional investors own 26.41% of the company’s stock.
Several research firms have recently issued reports on HEI. Zacks Investment Research lowered shares of Heico Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Credit Suisse Group reissued an “outperform” rating and set a $98.00 target price (up from $85.00) on shares of Heico Corporation in a research note on Tuesday, August 29th. Bank of America Corporation raised shares of Heico Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $75.00 to $95.00 in a research note on Tuesday, August 29th. Jefferies Group LLC reissued a “hold” rating and set a $75.00 target price on shares of Heico Corporation in a research note on Monday, June 26th. Finally, Canaccord Genuity increased their target price on shares of Heico Corporation from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $91.33.
About Heico Corporation
HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.
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