HEICO (NYSE:HEI) Reaches New 1-Year High at $258.84

Shares of HEICO Co. (NYSE:HEI) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $258.84 and last traded at $243.06, with a volume of 178451 shares traded. The stock had previously closed at $236.89.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on HEICO from $209.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Stifel Nicolaus upped their price objective on shares of HEICO from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Bank of America lifted their target price on shares of HEICO from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Robert W. Baird raised their price objective on shares of HEICO from $223.00 to $243.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Finally, Benchmark increased their target price on HEICO from $185.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $240.75.

HEICO Stock Performance

The stock has a market cap of $33.38 billion, a PE ratio of 74.47, a P/E/G ratio of 3.53 and a beta of 1.20. The company has a fifty day moving average price of $228.61 and a 200 day moving average price of $208.95. The company has a quick ratio of 1.57, a current ratio of 3.52 and a debt-to-equity ratio of 0.69.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Tuesday, May 28th. The aerospace company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.08. HEICO had a return on equity of 14.26% and a net margin of 12.62%. The firm had revenue of $955.40 million during the quarter, compared to the consensus estimate of $951.24 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The business’s revenue was up 38.9% on a year-over-year basis. Analysts expect that HEICO Co. will post 3.57 earnings per share for the current year.

HEICO Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were issued a $0.11 dividend. This represents a yield of 0.1%. The ex-dividend date was Monday, July 1st. This is a positive change from HEICO’s previous Semi-Annual dividend of $0.07. HEICO’s dividend payout ratio (DPR) is 6.92%.

Insider Activity

In other news, insider Eric A. Mendelson sold 8,864 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $180.54, for a total transaction of $1,600,306.56. Following the transaction, the insider now directly owns 222,401 shares of the company’s stock, valued at $40,152,276.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Eric A. Mendelson sold 8,864 shares of HEICO stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $180.54, for a total transaction of $1,600,306.56. Following the sale, the insider now owns 222,401 shares of the company’s stock, valued at approximately $40,152,276.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric A. Mendelson sold 2,832 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $180.06, for a total transaction of $509,929.92. Following the completion of the transaction, the insider now directly owns 246,060 shares of the company’s stock, valued at $44,305,563.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,206 shares of company stock valued at $15,571,927. Insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On HEICO

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Andra AP fonden purchased a new stake in HEICO in the second quarter worth about $45,000. Center for Financial Planning Inc. purchased a new stake in shares of HEICO in the 2nd quarter worth approximately $52,000. American National Bank bought a new position in HEICO during the 2nd quarter valued at approximately $66,000. Strategic Financial Concepts LLC purchased a new position in HEICO during the second quarter valued at $67,000. Finally, Psagot Value Holdings Ltd. Israel bought a new stake in HEICO in the fourth quarter worth $70,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

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.