HEICO (NYSE:HEI.A) Sets New 1-Year High – Here’s Why

HEICO Co. (NYSE:HEI.A)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $239.50 and last traded at $238.82, with a volume of 27936 shares changing hands. The stock had previously closed at $238.79.

HEICO Stock Performance

The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $33.02 billion, a price-to-earnings ratio of 64.84 and a beta of 1.09. The stock’s 50-day moving average is $213.61 and its 200-day moving average is $201.27.

HEICO (NYSE:HEI.A) last announced its quarterly earnings results on Tuesday, May 27th. The company reported $1.12 earnings per share (EPS) for the quarter. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The company had revenue of $1.10 billion during the quarter.

HEICO Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a $0.12 dividend. This represents a yield of 0.1%. The ex-dividend date is Tuesday, July 1st. This is a boost from HEICO’s previous semi-annual dividend of $0.11. HEICO’s dividend payout ratio is presently 5.61%.

Insider Buying and Selling at HEICO

In other news, Director Frank J. Schwitter sold 356 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $299.10, for a total transaction of $106,479.60. Following the completion of the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $448,650. This trade represents a 19.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan Schriesheim sold 50,000 shares of the business’s stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the completion of the sale, the director now directly owns 157,197 shares in the company, valued at approximately $37,659,685.29. This represents a 24.13% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,056 shares of company stock worth $22,699,941. 9.76% of the stock is currently owned by insiders.

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. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.