HEICO Co. (NYSE:HEI) CEO Acquires $190,631.50 in Stock

HEICO Co. (NYSE:HEI) CEO Laurans A. Mendelson acquired 725 shares of HEICO stock in a transaction on Friday, October 18th. The stock was purchased at an average price of $262.94 per share, with a total value of $190,631.50. Following the transaction, the chief executive officer now directly owns 929,984 shares in the company, valued at approximately $244,529,992.96. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

HEICO Stock Down 0.3 %

NYSE HEI opened at $254.82 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. HEICO Co. has a 52 week low of $155.42 and a 52 week high of $269.38. The stock has a market capitalization of $35.29 billion, a P/E ratio of 80.13, a price-to-earnings-growth ratio of 3.69 and a beta of 1.22. The stock has a fifty day moving average of $256.10 and a 200-day moving average of $232.11.

HEICO (NYSE:HEI) last posted its quarterly earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The business had revenue of $992.20 million during the quarter, compared to the consensus estimate of $995.34 million. During the same period in the previous year, the firm posted $0.77 earnings per share. HEICO’s revenue for the quarter was up 37.3% compared to the same quarter last year. On average, equities research analysts forecast that HEICO Co. will post 3.66 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Benchmark reissued a “buy” rating and issued a $245.00 price target on shares of HEICO in a report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft boosted their price target on HEICO from $235.00 to $271.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. UBS Group initiated coverage on HEICO in a report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price objective for the company. Royal Bank of Canada increased their target price on shares of HEICO from $250.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Finally, Stifel Nicolaus upped their price objective on shares of HEICO from $250.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $270.70.

Institutional Investors Weigh In On HEICO

A number of institutional investors have recently made changes to their positions in HEI. AGF Management Ltd. boosted its holdings in HEICO by 61.7% during the second quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company’s stock worth $212,417,000 after buying an additional 362,625 shares during the last quarter. Vantage Investment Partners LLC acquired a new stake in shares of HEICO in the 2nd quarter valued at approximately $26,993,000. Driehaus Capital Management LLC boosted its stake in HEICO by 66.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock worth $43,357,000 after acquiring an additional 77,067 shares during the last quarter. EULAV Asset Management grew its holdings in HEICO by 23.4% during the first quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company’s stock valued at $67,250,000 after purchasing an additional 66,800 shares during the period. Finally, Strategic Financial Concepts LLC bought a new stake in HEICO in the second quarter valued at approximately $67,000. 27.12% of the stock is owned by institutional investors and hedge funds.

HEICO Company Profile

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.