HEICO Co. (NYSE:HEI) Insider Eric A. Mendelson Sells 2,832 Shares

HEICO Co. (NYSE:HEI) insider Eric A. Mendelson sold 2,832 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $180.06, for a total transaction of $509,929.92. Following the transaction, the insider now owns 246,060 shares of the company’s stock, valued at $44,305,563.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

HEICO Stock Down 1.6 %

Shares of NYSE HEI opened at $225.18 on Thursday. 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 cap of $31.19 billion, a price-to-earnings ratio of 70.81, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21. HEICO Co. has a 12-month low of $155.42 and a 12-month high of $232.02. The firm’s 50-day simple moving average is $216.27 and its 200 day simple moving average is $196.29.

HEICO (NYSE:HEI) last released its quarterly earnings results on Tuesday, May 28th. The aerospace company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.80 by $0.08. HEICO had a net margin of 12.62% and a return on equity of 14.26%. The business had revenue of $955.40 million for the quarter, compared to analysts’ expectations of $951.24 million. During the same period in the prior year, the firm earned $0.76 earnings per share. HEICO’s revenue was up 38.9% compared to the same quarter last year. On average, research analysts expect that HEICO Co. will post 3.55 earnings per share for the current fiscal year.

HEICO Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a $0.11 dividend. This is a boost from HEICO’s previous Semi-Annual dividend of $0.07. This represents a dividend yield of 0.1%. The ex-dividend date is Monday, July 1st. HEICO’s dividend payout ratio (DPR) is 6.29%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Morgan Stanley raised shares of HEICO from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $178.00 to $225.00 in a research report on Tuesday, June 4th. Benchmark raised their price objective on HEICO from $185.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Truist Financial restated a “buy” rating and set a $240.00 price objective (up from $229.00) on shares of HEICO in a research report on Thursday, May 30th. Bank of America raised their target price on HEICO from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Royal Bank of Canada raised their price objective on shares of HEICO from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, HEICO has a consensus rating of “Moderate Buy” and a consensus target price of $236.00.

Hedge Funds Weigh In On HEICO

Several hedge funds have recently added to or reduced their stakes in HEI. Moody Lynn & Lieberson LLC raised its holdings 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 purchasing an additional 60 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of HEICO by 0.7% during the fourth quarter. Private Advisor Group LLC now owns 12,456 shares of the aerospace company’s stock worth $2,228,000 after buying an additional 81 shares during the last quarter. Desjardins Global Asset Management Inc. lifted its holdings in HEICO by 7.9% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,465 shares of the aerospace company’s stock valued at $262,000 after buying an additional 107 shares during the period. Roundview Capital LLC boosted its stake in HEICO by 1.0% in the third quarter. Roundview Capital LLC now owns 11,120 shares of the aerospace company’s stock valued at $1,801,000 after acquiring an additional 112 shares during the last quarter. 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 period. 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.