Alan Schriesheim Sells 332 Shares of HEICO Co. (NYSE:HEI) Stock

HEICO Co. (NYSE:HEI - Get Free Report) Director Alan Schriesheim sold 332 shares of the firm's stock in a transaction on Monday, October 7th. The shares were sold at an average price of $201.63, for a total transaction of $66,941.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

HEICO Trading Up 0.7 %

Shares of HEICO stock traded up $1.89 during trading on Tuesday, hitting $259.98. The stock had a trading volume of 192,850 shares, compared to its average volume of 379,048. HEICO Co. has a 12 month low of $155.42 and a 12 month high of $269.38. The firm's fifty day simple moving average is $250.40 and its 200-day simple moving average is $227.02. The stock has a market cap of $36.01 billion, a PE ratio of 81.75, a PEG ratio of 3.79 and a beta of 1.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47.

HEICO (NYSE:HEI - Get Free Report) last announced its quarterly earnings data on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, beating 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 company had revenue of $992.20 million during the quarter, compared to analyst estimates of $995.34 million. During the same quarter last year, the business posted $0.77 EPS. The firm's revenue for the quarter was up 37.3% on a year-over-year basis. As a group, sell-side analysts expect that HEICO Co. will post 3.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HEI shares. Bank of America raised their target price on shares of HEICO from $250.00 to $285.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. Robert W. Baird lifted their price objective on shares of HEICO from $243.00 to $280.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 28th. Stifel Nicolaus lifted 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. Benchmark reissued a "buy" rating and issued a $245.00 price objective on shares of HEICO in a research note on Tuesday, August 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of HEICO from $235.00 to $271.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $263.56.

Institutional Investors Weigh In On HEICO

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. bought a new stake in HEICO during the 4th quarter valued at about $897,000. Meyer Handelman Co. purchased a new position in HEICO during the 1st quarter valued at about $1,072,000. Quadrature Capital Ltd purchased a new position in HEICO during the 1st quarter valued at about $2,796,000. Mediolanum International Funds Ltd purchased a new position in HEICO during the 1st quarter valued at about $1,442,000. Finally, Dudley & Shanley Inc. increased its position in HEICO by 24.0% during the 1st quarter. Dudley & Shanley Inc. now owns 18,400 shares of the aerospace company's stock valued at $3,514,000 after purchasing an additional 3,560 shares during the period. Institutional investors own 27.12% of the company's stock.

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.