Key Points
- Director Nandakumar Cheruvatath bought 795 Heico shares at an average price of $220.30, investing $175,138.50 and increasing his stake by 19.48% to 4,877 shares.
- Six Heico directors made identical purchases, while another director bought 592 shares; collectively, directors acquired about 5,362 shares worth approximately $1.23 million.
- Heico reported quarterly revenue of $1.41 billion and EPS of $1.67, while Zacks upgraded the stock to “strong buy.” Shares traded below their 50-day and 200-day moving averages and carried a relatively high P/E ratio of 37.08.
Heico Corporation (NYSE:HEI.A - Get Free Report) Director Julie Neitzel acquired 592 shares of the company's stock in a transaction dated Thursday, October 8th. The stock was acquired at an average price of $294.93 per share, for a total transaction of $174,598.56. Following the acquisition, the director owned 1,010 shares in the company, valued at approximately $297,879.30. The trade was a 141.63% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Heico Price Performance
Shares of NYSE HEI.A opened at $221.25 on Wednesday. The stock's 50-day simple moving average is $241.86 and its 200-day simple moving average is $237.60. The firm has a market capitalization of $30.92 billion, a PE ratio of 37.08 and a beta of 1.13. Heico Corporation has a fifty-two week low of $199.35 and a fifty-two week high of $279.66. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72.
Heico (NYSE:HEI.A - Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The company reported $1.67 earnings per share (EPS) for the quarter. The firm had revenue of $1.41 billion during the quarter. Heico had a return on equity of 18.00% and a net margin of 16.38%. As a group, equities research analysts forecast that Heico Corporation will post 6.25 EPS for the current fiscal year.
Trending Headlines about Heico
Here are the key news stories impacting Heico this week:
- Positive Sentiment: Six Heico directors—Nandakumar Cheruvatath, Adolfo Henriques, Alan Schriesheim, Carol F. Fine, Mark H. Hildebrandt and Thomas M. Culligan—each purchased 795 shares at an average price of $220.30, representing approximately $1.05 million in combined purchases. The transactions increased their individual holdings, with the largest percentage increases recorded by Schriesheim and Fine. SEC insider filing
- Positive Sentiment: Director Julie Neitzel separately acquired 592 shares for approximately $174,600 at an average price of $294.93, increasing her ownership by roughly 142%. Across the seven reported transactions, directors bought about 5,362 shares worth approximately $1.23 million in total. The coordinated insider buying can signal that board members view Heico’s valuation or long-term outlook as attractive. SEC insider filing
- Neutral Sentiment: The purchases were disclosed in SEC filings and involved directors rather than operating executives. While the transactions may improve sentiment, they do not directly change Heico’s earnings, revenue outlook or balance sheet. The stock has recently traded below its 50-day and 200-day moving averages, leaving investors focused on whether upcoming results can support its elevated earnings multiple.
Analyst Ratings Changes
Separately, Zacks Research upgraded shares of Heico from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat.com, Heico presently has a consensus rating of "Strong Buy".
View Our Latest Report on Heico
Heico Company Profile
(
Get Free Report)
HEICO Corporation is an aerospace, defense, electronics and medical technology company headquartered in Hollywood, Florida. Founded in 1957, the company develops, manufactures and sells products and services used by commercial and business aircraft operators, defense contractors, space and satellite companies, medical equipment manufacturers, telecommunications providers and other industrial customers.
HEICO operates through two principal business groups. Its Flight Support Group produces aircraft replacement parts and related components, including FAA-approved parts, as well as specialty products and services for the aviation industry.
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