Aerospace Executive in the U.S. Purchases $1 Million in Company Stock Amid Strong Performance

On March 4, Nandakumar Cheruvatath, a director at U.S. aerospace and defense parts manufacturer HEICO Corp (HEI), acquired 4,082 Class A common shares in the open market at approximately $244.95 per share (about ₩330,000), representing a total investment of roughly $1 million (around ₩1.3 billion). After this transaction, his direct holdings of Class A shares rose to 4,146. According to the SEC filing, trades involving derivatives, stock options and RSUs were excluded. ()

In its first quarter of fiscal 2026, announced February 25, HEICO reported revenue of about $1.2 billion and net income of $190.2 million—both up over 10% year-over-year and above market expectations. On March 5, Jefferies reaffirmed its “Buy” rating on HEICO with a $400 price target. ()

Headquartered in Hollywood, Florida, HEICO is an aerospace and electronics company that supplies commercial aircraft aftermarket parts and defense and space electronic components to airlines and military customers worldwide. The company is listed on the New York Stock Exchange under two share classes—Class A (HEI.A) and common (HEI)—and has expanded its aerospace and defense parts portfolio through a series of acquisitions and mergers. ()