HEICO Co. (NYSE:HEI - Get Free Report) Director Alan Schriesheim sold 50,000 shares of HEICO stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the transaction, the director now owns 157,197 shares of the company's stock, valued at $37,659,685.29. The trade was a 24.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
HEICO Stock Up 0.7 %
HEI opened at $242.63 on Thursday. The stock has a market capitalization of $33.71 billion, a price-to-earnings ratio of 66.29, a PEG ratio of 3.10 and a beta of 1.07. The firm has a 50 day moving average price of $251.16 and a 200-day moving average price of $250.31. HEICO Co. has a twelve month low of $201.81 and a twelve month high of $283.60. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60.
HEICO (NYSE:HEI - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.27. The firm had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. Equities research analysts forecast that HEICO Co. will post 4.2 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of HEI. NBC Securities Inc. purchased a new stake in shares of HEICO during the 1st quarter valued at about $27,000. Compass Financial Services Inc bought a new stake in HEICO during the fourth quarter valued at approximately $26,000. Banque Transatlantique SA purchased a new stake in HEICO during the fourth quarter valued at approximately $44,000. Atwood & Palmer Inc. bought a new position in HEICO in the first quarter worth approximately $80,000. Finally, Berbice Capital Management LLC purchased a new position in shares of HEICO during the 4th quarter worth $95,000. 27.12% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on HEI shares. Wells Fargo & Company assumed coverage on HEICO in a research note on Tuesday, April 15th. They set an "equal weight" rating and a $244.00 price objective for the company. KeyCorp assumed coverage on HEICO in a research report on Thursday, January 16th. They issued a "sector weight" rating for the company. Truist Financial cut their price objective on shares of HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, William Blair reaffirmed an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, HEICO has an average rating of "Moderate Buy" and a consensus target price of $267.36.
Get Our Latest Stock Analysis on HEI
About HEICO
(
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HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.
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