Alan Schriesheim Sells 2,000 Shares of Heico Corp (HEI) Stock

Heico Corp (NYSE:HEI) Director Alan Schriesheim sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 12th. The shares were sold at an average price of $87.83, for a total value of $175,660.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, April 10th, Alan Schriesheim sold 1,663 shares of Heico stock. The shares were sold at an average price of $71.07, for a total value of $118,189.41.

Shares of NYSE:HEI opened at $87.86 on Friday. The company has a current ratio of 2.89, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $9,279.75, a PE ratio of 51.99, a PEG ratio of 3.23 and a beta of 0.71. Heico Corp has a 1 year low of $53.98 and a 1 year high of $91.34.

Heico (NYSE:HEI) last issued its quarterly earnings results on Tuesday, February 27th. The aerospace company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). The firm had revenue of $404.41 million during the quarter, compared to analyst estimates of $394.23 million. Heico had a return on equity of 14.80% and a net margin of 13.26%. research analysts anticipate that Heico Corp will post 2.24 EPS for the current fiscal year.

A number of brokerages have recently issued reports on HEI. SunTrust Banks reaffirmed a “buy” rating and issued a $92.80 price target on shares of Heico in a research note on Thursday, December 21st. Stephens set a $83.20 price target on Heico and gave the stock a “hold” rating in a research note on Monday, December 18th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $87.20 price target (up from $78.40) on shares of Heico in a research note on Wednesday, December 20th. They noted that the move was a valuation call. Canaccord Genuity lifted their price target on Heico from $88.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, March 1st. Finally, Zacks Investment Research lowered Heico from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $85.96.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. acquired a new position in Heico during the fourth quarter worth $118,000. Captrust Financial Advisors acquired a new position in Heico during the fourth quarter worth $129,000. BB&T Securities LLC acquired a new position in Heico during the fourth quarter worth $205,000. AMP Capital Investors Ltd acquired a new position in Heico during the fourth quarter worth $236,000. Finally, Signition LP acquired a new position in Heico during the fourth quarter worth $285,000. 22.50% of the stock is currently owned by institutional investors.

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About Heico

HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.

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