Heico Corp (NYSE:HEI) Director Julie Neitzel sold 1,706 shares of Heico stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $86.64, for a total transaction of $147,807.84. Following the sale, the director now owns 392 shares of the company’s stock, valued at approximately $33,962.88. The sale was disclosed in a document filed with the SEC, which is available through this link.
Julie Neitzel also recently made the following trade(s):
- On Tuesday, July 31st, Julie Neitzel acquired 325 shares of Heico stock. The shares were bought at an average price of $63.50 per share, with a total value of $20,637.50.
Shares of NYSE:HEI traded up $0.08 during trading hours on Friday, hitting $92.71. The company’s stock had a trading volume of 7,036 shares, compared to its average volume of 369,763. Heico Corp has a 52 week low of $53.82 and a 52 week high of $94.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.36 and a current ratio of 2.86. The firm has a market cap of $12.27 billion, a P/E ratio of 68.41, a P/E/G ratio of 4.06 and a beta of 0.78.
Heico (NYSE:HEI) last posted its quarterly earnings results on Monday, August 27th. The aerospace company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. Heico had a net margin of 14.26% and a return on equity of 16.15%. The business had revenue of $465.83 million during the quarter, compared to analyst estimates of $440.68 million. During the same quarter in the previous year, the business posted $0.53 EPS. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. research analysts predict that Heico Corp will post 1.88 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Heico by 790.8% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,452 shares of the aerospace company’s stock valued at $126,000 after purchasing an additional 1,289 shares in the last quarter. Financial Architects Inc purchased a new position in shares of Heico in the 2nd quarter worth approximately $123,000. BDO Wealth Advisors LLC purchased a new position in shares of Heico in the 1st quarter worth approximately $154,000. Winslow Evans & Crocker Inc. purchased a new position in shares of Heico in the 2nd quarter worth approximately $164,000. Finally, NewSquare Capital LLC purchased a new position in shares of Heico in the 2nd quarter worth approximately $184,000. Institutional investors and hedge funds own 26.88% of the company’s stock.
HEI has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Heico from a “buy” rating to a “hold” rating in a report on Thursday, May 24th. ValuEngine lowered shares of Heico from a “buy” rating to a “hold” rating in a report on Thursday, June 28th. Canaccord Genuity reduced their price target on shares of Heico from $105.00 to $84.00 and set a “buy” rating for the company in a report on Friday, June 29th. Robert W. Baird started coverage on shares of Heico in a report on Wednesday, August 8th. They issued a “neutral” rating and a $84.00 price target for the company. Finally, UBS Group started coverage on shares of Heico in a report on Wednesday, August 15th. They issued a “neutral” rating and a $83.00 price target for the company. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $85.16.
HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components for aerospace and industrial original equipment manufacturers, and the United States government.
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