Heico Corporation (NYSE:HEI - Get Free Report) CAO Bradley Rowen sold 1,326 shares of the company's stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total transaction of $320,401.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Heico Stock Up 5.8%
Shares of NYSE HEI opened at $339.48 on Friday. Heico Corporation has a 12-month low of $256.11 and a 12-month high of $361.69. The company has a market capitalization of $47.41 billion, a PE ratio of 60.62, a price-to-earnings-growth ratio of 3.42 and a beta of 1.03. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.92 and a quick ratio of 1.36. The firm's 50-day moving average is $296.49 and its two-hundred day moving average is $312.52.
Heico (NYSE:HEI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.33. Heico had a net margin of 16.08% and a return on equity of 17.52%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm earned $1.12 earnings per share. The company's revenue for the quarter was up 25.3% compared to the same quarter last year. Equities analysts anticipate that Heico Corporation will post 5.78 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Wall Street Zen raised shares of Heico from a "hold" rating to a "buy" rating in a report on Saturday, June 6th. Rothschild & Co Redburn set a $360.00 price target on shares of Heico and gave the company a "buy" rating in a report on Wednesday, May 13th. Citigroup reaffirmed a "buy" rating and issued a $403.00 price target (up from $323.00) on shares of Heico in a report on Monday, June 1st. Weiss Ratings downgraded shares of Heico from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, April 22nd. Finally, Truist Financial raised shares of Heico to a "strong-buy" rating in a report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $371.63.
Check Out Our Latest Report on HEI
Hedge Funds Weigh In On Heico
Several institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of Heico by 45.7% during the third quarter. American Century Companies Inc. now owns 769,704 shares of the aerospace company's stock valued at $248,476,000 after buying an additional 241,559 shares during the period. Diamant Asset Management Inc. lifted its stake 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 buying an additional 760,687 shares during the period. Two Sigma Investments LP lifted its stake in shares of Heico by 0.6% during the third quarter. Two Sigma Investments LP now owns 558,661 shares of the aerospace company's stock valued at $180,347,000 after buying an additional 3,166 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Heico by 12.1% during the fourth quarter. Fisher Asset Management LLC now owns 326,386 shares of the aerospace company's stock valued at $105,615,000 after buying an additional 35,288 shares during the period. Finally, Munro Partners lifted its stake in shares of Heico by 44.2% during the fourth quarter. Munro Partners now owns 284,898 shares of the aerospace company's stock valued at $92,190,000 after buying an additional 87,265 shares during the period. Hedge funds and other institutional investors own 27.12% of the company's stock.
About Heico
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
