HEICO (HEI) Announces Semiannual Dividend of $0.07

Posted by on Jun 12th, 2013

HEICO (NYSE:HEI) declared a semiannual dividend on Wednesday, June 12th, Stock Ratings Network.com reports. Investors of record on Monday, July 8th will be given a dividend of $0.07 per share on Monday, July 22nd. This represents a yield of 0.27%. The ex-dividend date of this dividend is Wednesday, July 3rd. This is an increase from HEICO’s previous semiannual dividend of $0.06.

Several analysts have also recently commented on the stock. Analysts at CRT Capital raised their price target on shares of HEICO from $53.00 to $57.00 in a research note to investors on Wednesday, May 29th. They now have a “buy” rating on the stock. On the ratings front, analysts at Imperial Capital raised their price target on shares of HEICO from $46.00 to $48.00 in a research note to investors on Tuesday, May 28th. They now have an “in-line” rating on the stock. Finally, analysts at DA Davidson reiterated a “buy” rating on shares of HEICO in a research note to investors on Friday, May 24th. They now have a $48.00 price target on the stock, up previously from $44.00.

Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. HEICO has a consensus rating of “Hold” and a consensus price target of $48.75.

Shares of HEICO (NYSE: HEI) traded down 1.35% during mid-day trading on Wednesday, hitting $51.02. HEICO has a 52 week low of $34.01 and a 52 week high of $52.50. The stock’s 50-day moving average is currently $46.89. The company has a market cap of $2.708 billion and a P/E ratio of 30.42.

HEICO (NYSE: HEI) last announced its earnings results on Wednesday, May 22nd. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.40 by $0.04. The company had revenue of $237.71 million for the quarter, compared to the consensus estimate of $229.22 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts expect that HEICO will post $1.80 EPS for the current fiscal year.

HEICO Corporation (NYSE: HEI), through its subsidiaries is a manufacturer of Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors.