HEICO (NYSE:HEI) Reaches New 12-Month High at $232.48

HEICO Co. (NYSE:HEI) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $232.48 and last traded at $232.07, with a volume of 262131 shares trading hands. The stock had previously closed at $225.76.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HEI shares. Deutsche Bank Aktiengesellschaft boosted their target price on HEICO from $209.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Royal Bank of Canada increased their price objective on shares of HEICO from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Robert W. Baird lifted their target price on shares of HEICO from $223.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Stifel Nicolaus increased their price target on shares of HEICO from $215.00 to $230.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Truist Financial upped their target price on HEICO from $240.00 to $248.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Two 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, HEICO presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.89.

HEICO Stock Up 2.4 %

The stock has a 50-day moving average of $222.96 and a 200-day moving average of $202.21. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.52 and a quick ratio of 1.57. The firm has a market cap of $32.02 billion, a price-to-earnings ratio of 70.99, a P/E/G ratio of 3.25 and a beta of 1.20.

HEICO (NYSE:HEI) last released its earnings results on Tuesday, May 28th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping 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 company had revenue of $955.40 million for the quarter, compared to analyst estimates of $951.24 million. During the same period in the prior year, the firm posted $0.76 EPS. HEICO’s quarterly revenue was up 38.9% on a year-over-year basis. Sell-side analysts predict that HEICO Co. will post 3.57 EPS for the current fiscal year.

HEICO Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, July 1st. This is a boost from HEICO’s previous Semi-Annual dividend of $0.07. This represents a dividend yield of 0.1%. HEICO’s payout ratio is presently 6.92%.

Insider Buying and Selling

In other HEICO news, insider Eric A. Mendelson sold 8,864 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 222,401 shares in the company, valued at $40,152,276.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Eric A. Mendelson sold 53,510 shares of HEICO stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $182.02, for a total transaction of $9,739,890.20. Following the sale, the insider now directly owns 168,891 shares of the company’s stock, valued at approximately $30,741,539.82. 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 8,864 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 222,401 shares of the company’s stock, valued at approximately $40,152,276.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,206 shares of company stock worth $11,850,127. Corporate insiders own 8.10% of the company’s stock.

Institutional Trading of HEICO

A number of hedge funds and other institutional investors have recently modified their holdings of HEI. Moody Lynn & Lieberson LLC grew its position in HEICO by 2.6% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 2,395 shares of the aerospace company’s stock worth $428,000 after acquiring an additional 60 shares during the last quarter. Clear Harbor Asset Management LLC increased its stake in shares of HEICO by 0.4% in the second quarter. Clear Harbor Asset Management LLC now owns 22,845 shares of the aerospace company’s stock valued at $5,109,000 after buying an additional 80 shares during the period. Private Advisor Group LLC raised its holdings in HEICO by 0.7% in the 4th quarter. Private Advisor Group LLC now owns 12,456 shares of the aerospace company’s stock valued at $2,228,000 after buying an additional 81 shares during the last quarter. Desjardins Global Asset Management Inc. boosted its position in HEICO by 7.9% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,465 shares of the aerospace company’s stock worth $262,000 after buying an additional 107 shares during the period. Finally, KPP Advisory Services LLC grew its holdings in HEICO by 7.0% during the 4th quarter. KPP Advisory Services LLC now owns 1,900 shares of the aerospace company’s stock worth $340,000 after acquiring an additional 124 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

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.