HEICO Co. (NYSE:HEI) Insider Sells $3,721,800.00 in Stock

HEICO Co. (NYSE:HEI) insider Eric A. Mendelson sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $186.09, for a total value of $3,721,800.00. Following the sale, the insider now directly owns 148,891 shares of the company’s stock, valued at $27,707,126.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

HEICO Stock Up 1.5 %

HEICO stock opened at $234.23 on Monday. The company has a quick ratio of 1.57, a current ratio of 3.52 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $32.44 billion, a P/E ratio of 73.66, a P/E/G ratio of 3.43 and a beta of 1.20. The firm has a 50 day moving average price of $224.39 and a 200-day moving average price of $203.88. HEICO Co. has a twelve month low of $155.42 and a twelve month high of $237.45.

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 analysts’ consensus estimates of $0.80 by $0.08. HEICO had a return on equity of 14.26% and a net margin of 12.62%. The business had revenue of $955.40 million during the quarter, compared to the consensus estimate of $951.24 million. During the same period last year, the business posted $0.76 earnings per share. The business’s revenue for the quarter was up 38.9% on a year-over-year basis. As a group, equities analysts predict that HEICO Co. will post 3.57 EPS for the current year.

HEICO Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were issued a dividend of $0.11 per share. The ex-dividend date was Monday, July 1st. This is an increase from HEICO’s previous Semi-Annual dividend of $0.07. This represents a yield of 0.1%. HEICO’s dividend payout ratio is 6.92%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HEI shares. Morgan Stanley upgraded HEICO from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $178.00 to $225.00 in a report on Tuesday, June 4th. Royal Bank of Canada upped their target price on shares of HEICO from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. Benchmark raised their price target on shares of HEICO from $185.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, June 14th. 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. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of HEICO from $209.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, HEICO currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.89.

Hedge Funds Weigh In On HEICO

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HEI. Center for Financial Planning Inc. purchased a new stake in shares of HEICO during the 2nd quarter valued at approximately $52,000. American National Bank purchased a new stake in shares of HEICO during the second quarter worth $66,000. Psagot Value Holdings Ltd. Israel bought a new position in shares of HEICO in the fourth quarter worth $70,000. FSC Wealth Advisors LLC purchased a new position in shares of HEICO in the second quarter valued at $73,000. Finally, Founders Capital Management bought a new stake in shares of HEICO during the 2nd quarter valued at $138,000. 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.