Key Points
- Director Nandakumar Cheruvatath purchased 795 Heico shares at an average price of $220.30, investing $175,138.50 and increasing his stake by 19.48%.
- Heico reported quarterly revenue of $1.41 billion and adjusted earnings of $1.67 per share, surpassing analyst estimates while revenue rose 23.1% year over year.
- Analysts maintain a “Moderate Buy” consensus rating with an average price target of $387, though target revisions and ratings remain mixed; institutional investors own 27.12% of the stock.
Heico Corporation (NYSE:HEI - Get Free Report) Director Julie Neitzel bought 592 shares of the business's stock in a transaction that occurred on Thursday, October 8th. The shares were bought at an average cost of $294.93 per share, for a total transaction of $174,598.56. Following the transaction, the director owned 1,010 shares of the company's stock, valued at $297,879.30. The trade was a 141.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Heico Trading Up 0.0%
Shares of Heico stock opened at $297.21 on Wednesday. The stock has a fifty day simple moving average of $326.78 and a 200 day simple moving average of $320.23. Heico Corporation has a 12-month low of $256.11 and a 12-month high of $376.86. The company has a market capitalization of $41.54 billion, a P/E ratio of 49.45, a price-to-earnings-growth ratio of 2.49 and a beta of 1.09. The company has a current ratio of 2.72, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51.
Heico (NYSE:HEI - Get Free Report) last released its quarterly earnings results on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.16. Heico had a return on equity of 18.00% and a net margin of 16.38%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm posted $1.26 EPS. Heico's quarterly revenue was up 23.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Heico Corporation will post 6.28 earnings per share for the current fiscal year.
Institutional Trading of Heico
Hedge funds have recently bought and sold shares of the business. DSM Capital Partners LLC increased its holdings in shares of Heico by 5.4% during the first quarter. DSM Capital Partners LLC now owns 807 shares of the aerospace company's stock valued at $221,000 after acquiring an additional 41 shares in the last quarter. Fortress Financial Solutions LLC raised its position in shares of Heico by 2.8% in the 1st quarter. Fortress Financial Solutions LLC now owns 1,796 shares of the aerospace company's stock worth $493,000 after purchasing an additional 49 shares during the last quarter. Bayban boosted its stake in Heico by 19.6% in the 1st quarter. Bayban now owns 330 shares of the aerospace company's stock worth $90,000 after purchasing an additional 54 shares in the last quarter. Athena Wealth Management LLC lifted its stake in shares of Heico by 5.8% in the third quarter. Athena Wealth Management LLC now owns 996 shares of the aerospace company's stock worth $302,000 after buying an additional 55 shares in the last quarter. Finally, Mirador Capital Partners LP grew its holdings in shares of Heico by 1.2% during the second quarter. Mirador Capital Partners LP now owns 5,742 shares of the aerospace company's stock valued at $2,045,000 after buying an additional 66 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors.
Key Headlines Impacting Heico
Here are the key news stories impacting Heico this week:
- Positive Sentiment: Seven Heico directors reported open-market purchases made on October 8. Six directors each bought 795 shares at approximately $220.30 per share, while Julie Neitzel purchased 592 shares at $294.93. Collectively, the purchases represented roughly $1.23 million of insider buying and increased each director’s existing stake, a signal that board members may view the recent share-price weakness as an attractive entry point. SEC insider transaction filings
- Positive Sentiment: Co-CEOs and Co-Chairmen Eric Mendelson and Victor received the Wright Brothers Memorial Award, providing favorable recognition of Heico’s leadership and aerospace-industry contributions. The award is primarily reputational and does not immediately change the company’s financial outlook. Wright Brothers Memorial Award article
Wall Street Analysts Forecast Growth
HEI has been the subject of several recent analyst reports. Jefferies Financial Group set a $430.00 target price on shares of Heico and gave the stock a "buy" rating in a research note on Wednesday, August 26th. UBS Group reissued a "neutral" rating and set a $396.00 price target (up from $382.00) on shares of Heico in a research report on Thursday, August 27th. TD Cowen cut their price target on shares of Heico from $350.00 to $330.00 and set a "hold" rating on the stock in a report on Friday, October 9th. Stifel Nicolaus set a $410.00 price target on shares of Heico in a report on Thursday, August 27th. Finally, Weiss Ratings raised shares of Heico from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 16th. 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. According to data from MarketBeat, Heico has an average rating of "Moderate Buy" and an average price target of $387.00.
Read Our Latest Report on HEI
About Heico
(
Get Free Report)
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.
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