HEICO Co. (NYSE:HEI) Announces Semi-Annual Dividend of $0.11

HEICO Co. (NYSE:HEI) declared a Semi-Annual dividend on Thursday, June 20th, NASDAQ reports. Stockholders of record on Monday, July 1st will be paid a dividend of 0.11 per share by the aerospace company on Monday, July 15th. This represents a dividend yield of 0.1%. The ex-dividend date is Monday, July 1st. This is a positive change from HEICO’s previous Semi-Annual dividend of $0.07.

HEICO has increased its dividend by an average of 7.7% per year over the last three years and has increased its dividend annually for the last 16 consecutive years. HEICO has a dividend payout ratio of 4.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HEICO to earn $4.20 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 4.8%.

HEICO Stock Performance

Shares of NYSE:HEI opened at $227.26 on Friday. The stock has a market capitalization of $31.48 billion, a price-to-earnings ratio of 71.47, a price-to-earnings-growth ratio of 3.38 and a beta of 1.21. The business’s fifty day moving average price is $214.43 and its two-hundred day moving average price is $195.10. HEICO has a fifty-two week low of $155.42 and a fifty-two week high of $232.02. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.52 and a quick ratio of 1.57.

HEICO (NYSE:HEI) last announced 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. The business had revenue of $955.40 million during the quarter, compared to analysts’ expectations of $951.24 million. HEICO had a net margin of 12.62% and a return on equity of 14.26%. The firm’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same quarter last year, the company posted $0.76 EPS. As a group, analysts predict that HEICO will post 3.54 EPS for the current fiscal year.

Insider Transactions at HEICO

In related news, Director Frank J. Schwitter sold 400 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the sale, the director now owns 1,255 shares of the company’s stock, valued at approximately $243,093.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Stifel Nicolaus boosted their target price on HEICO from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Benchmark increased their target price on HEICO from $185.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, June 14th. Royal Bank of Canada upped their price target on shares of HEICO from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft upped their price objective on HEICO from $209.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Finally, Robert W. Baird upped their target price 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. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, HEICO presently has an average rating of “Moderate Buy” and a consensus price target of $232.67.

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.