Zacks Research Upgrades Heico (NYSE:HEI.A) to Hold

Heico (NYSE:HEI.A) was upgraded by stock analysts at Zacks Research to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Separately, CJS Securities upgraded shares of Heico to a “strong-buy” rating in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Heico Stock Down 1.0%

HEI.A stock opened at $240.11 on Tuesday. The business’s fifty day moving average price is $244.65 and its two-hundred day moving average price is $247.12. The stock has a market capitalization of $33.43 billion, a price-to-earnings ratio of 52.54 and a beta of 1.08. Heico has a fifty-two week low of $174.82 and a fifty-two week high of $264.71. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.35 and a quick ratio of 1.51.

Insider Transactions at Heico

In other news, Director Thomas M. Culligan bought 676 shares of the company’s stock in a transaction dated Friday, October 10th. The stock was bought at an average cost of $243.93 per share, for a total transaction of $164,896.68. Following the transaction, the director owned 11,030 shares of the company’s stock, valued at $2,690,547.90. This represents a 6.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carol F. Fine purchased 672 shares of Heico stock in a transaction that occurred on Friday, October 10th. The shares were purchased at an average price of $243.93 per share, for a total transaction of $163,920.96. Following the transaction, the director directly owned 672 shares in the company, valued at $163,920.96. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 4,448 shares of company stock worth $1,086,933. Corporate insiders own 9.76% of the company’s stock.

About Heico

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.