Alan Schriesheim Buys 724 Shares of HEICO Co. (NYSE:HEI) Stock

HEICO Co. (NYSE:HEI) Director Alan Schriesheim bought 724 shares of the stock in a transaction on Friday, October 18th. The shares were acquired at an average cost of $262.94 per share, with a total value of $190,368.56. Following the purchase, the director now owns 174,878 shares of the company’s stock, valued at approximately $45,982,421.32. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Alan Schriesheim also recently made the following trade(s):

• On Monday, October 7th, Alan Schriesheim sold 332 shares of HEICO stock. The stock was sold at an average price of $201.63, for a total value of $66,941.16.

HEICO Trading Up 0.1 %

HEI stock traded up $0.21 during trading on Monday, hitting $261.10. The company had a trading volume of 247,972 shares, compared to its average volume of 374,925. The business has a 50-day moving average of $255.17 and a 200-day moving average of $231.13. HEICO Co. has a one year low of $155.42 and a one year high of $269.38. The stock has a market cap of $36.16 billion, a PE ratio of 82.11, a PEG ratio of 3.69 and a beta of 1.22. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63.

HEICO (NYSE:HEI) last announced its earnings results on Monday, August 26th. The aerospace company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The business had revenue of $992.20 million for the quarter, compared to analysts’ expectations of $995.34 million. During the same period in the prior year, the business posted $0.77 earnings per share. The firm’s revenue was up 37.3% on a year-over-year basis. Research analysts predict that HEICO Co. will post 3.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HEI has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on HEICO from $235.00 to $271.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. UBS Group began coverage on HEICO in a research note on Tuesday, October 15th. They set a “neutral” rating and a $277.00 target price for the company. Stifel Nicolaus upped their price objective on HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Robert W. Baird upped their price objective on HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Finally, Morgan Stanley upped their price objective on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, HEICO presently has an average rating of “Moderate Buy” and a consensus price target of $270.70.

Hedge Funds Weigh In On HEICO

Institutional investors and hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd bought a new position in shares of HEICO during the 1st quarter worth approximately $2,796,000. Mediolanum International Funds Ltd bought a new position in shares of HEICO during the 1st quarter worth approximately $1,442,000. Dudley & Shanley Inc. boosted its holdings in shares of HEICO by 24.0% during the 1st quarter. Dudley & Shanley Inc. now owns 18,400 shares of the aerospace company’s stock worth $3,514,000 after buying an additional 3,560 shares in the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of 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 buying an additional 77,067 shares in the last quarter. Finally, AdvisorShares Investments LLC boosted its holdings in shares of HEICO by 7.4% during the 2nd quarter. AdvisorShares Investments LLC now owns 32,593 shares of the aerospace company’s stock worth $7,190,000 after buying an additional 2,244 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors.

About HEICO

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.