HEICO Co. (NYSE:HEI) Insider Victor H. Mendelson Buys 726 Shares of Stock

HEICO Co. (NYSE:HEI) insider Victor H. Mendelson acquired 726 shares of the stock in a transaction dated Friday, October 18th. The shares were bought at an average price of $262.94 per share, for a total transaction of $190,894.44. Following the transaction, the insider now owns 1,234,950 shares in the company, valued at approximately $324,717,753. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

HEICO Stock Up 0.1 %

Shares of NYSE HEI opened at $261.10 on Tuesday. The firm’s fifty day moving average is $255.17 and its 200 day moving average is $231.13. HEICO Co. has a 52 week low of $155.42 and a 52 week high of $269.38. The company has a quick ratio of 1.47, a current ratio of 3.30 and a debt-to-equity ratio of 0.63. The company has a market cap of $36.16 billion, a price-to-earnings ratio of 82.11, a PEG ratio of 3.69 and a beta of 1.22.

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

Institutional Investors Weigh In On HEICO

Institutional investors and hedge funds have recently bought and sold shares of the business. Andra AP fonden bought a new position in shares of HEICO during the second quarter valued at approximately $45,000. Center for Financial Planning Inc. purchased a new position in HEICO during the 2nd quarter valued at $52,000. American National Bank bought a new position in HEICO in the 2nd quarter worth $66,000. Strategic Financial Concepts LLC purchased a new stake in shares of HEICO in the 2nd quarter worth about $67,000. Finally, FSC Wealth Advisors LLC bought a new stake in shares of HEICO during the 2nd quarter valued at about $73,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Royal Bank of Canada raised their price target on HEICO from $250.00 to $272.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. UBS Group initiated coverage on HEICO in a report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price objective on the stock. Morgan Stanley boosted their target price on HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Friday. Benchmark reiterated a “buy” rating and set a $245.00 price target on shares of HEICO in a research report on Tuesday, August 27th. Finally, Barclays assumed coverage on shares of HEICO in a report on Monday, August 19th. They issued an “equal weight” rating and a $250.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, HEICO presently has an average rating of “Moderate Buy” and an average price target of $270.70.

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.