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Insiders Snapping Up Sun Bancorp, Pure Cycle and More

If you are looking for clues telling you which stocks have a good chance of increasing in value, you might want consider watching what insiders are doing. After all, talk is cheap, but when insiders put their own money on the line, you should sit up and take note.

Sun Bancorp Inc Nj (SNBC) topped the insider-buying charts for the week ending July 9th as insiders snapped up 1,587,786 shares of company stock at a market value of $6,352,997. During the past six months, insiders have increased their overall holdings in the company by 24.82% and now own 40.87% of SNBC stock.

Pure Cycle Corp (PCYO) was not far behind, with insiders buying 930,633 shares at a market value of $2,791,899. Insiders now own 22.90% of the company's stock after decreasing their overall holdings by 0.00% during the past six months.

Continue reading Insiders Snapping Up Sun Bancorp, Pure Cycle and More

Heico Corporation (HEI): Replacement parts for your jet aircraft

Given the tight times at the airlines, being an outfit that can provide regulator-approved aircraft replacement parts puts a firm in a favorable position. One of the biggest independent companies in the group is headquartered in Hollywood, Florida.

Heico Corporation (NYSE: HEI) is engaged in the design, manufacture and sale of aerospace and defense products and services. The firm specializes in producing FAA-approved aircraft components, such as combustion chambers and gas-flow transition ducts. It also provides jet engine overhaul and repair services. In addition, the company makes such electronic equipment as power modules and cooling systems. Customers include AMR Corporation (NYSE: AMR), Boeing (NYSE: BA) and UAL Corporation (NASDAQ: UAUA). United Technologies (NYSE: UTX) is a major competitor.

Continue reading Heico Corporation (HEI): Replacement parts for your jet aircraft

Heico Corporation: Parts and repair services for your jet engines

Given the tight times at the airlines, being an outfit that can provide regulator-approved aircraft replacement parts puts a firm in an admirable position. One of the biggest independent companies in the group is headquartered in Hollywood, Florida.

Heico Corporation (NYSE: HEI) is primarily engaged in the design, manufacture and sale of aerospace and defense products and services. The firm specializes in producing FAA-approved aircraft components, such as combustion chambers and gas-flow transition ducts. It also provides jet engine overhaul and repair services. In addition, the company makes such electronic equipment as power modules and cooling systems. Customers include AMR Corporation (NYSE: AMR), Boeing (NYSE: BA) and UAL Corporation (NASDAQ: UAUA). United Technologies (NYSE: UTX) is a major competitor.

The firm pleased investors last week, when it reported Q2 EPS of $0.35 and revenues of $121.2 million. Analysts had been looking for $0.34 and $114.5 million. Management also guided FY07 EPS to $1.39-$1.41 ($1.40 consensus) and FY07 revenues to $475-$480 million ($473.32M consensus). HEI shares popped into a bullish "flag" consolidation pattern on the news. Prices frequently exit flags moving in the same direction they were traveling when they entered them. In this case, that would be to the upside.

Brokers recommend the issue with three "strong buys," two "buys" and one "hold." Analysts expect a 20 percent average annual growth rate through the next five years. The HEI Price to Book ratio (3.24), Sales Growth rate (31.6%), EPS Growth rate (25.00%), Return on Assets (8.76%) and Return on Investment (11.22%) compare favorably with industry, sector and S&P 500 averages.

Institutional investors hold about 27 percent of the outstanding shares. Over the past 52 weeks, the stock has traded between $26.95 and $43.80. A stop-loss of $36.85 looks good here. Note that HEI shares are highly shorted (May short interest = 35% of float).

Larry Schutts is a contributing editor for Theflyonthewall.com and the Vice-President of Stockwinners.com.

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DJIA-74.9212,454.83
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Last updated: May 26, 2012: 11:06 PM

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