HEICO Co. (NYSE:HEI) Plans Semi-annual Dividend of $0.12

HEICO Co. (NYSE:HEI - Get Free Report) declared a semi-annual dividend on Thursday, June 12th, Wall Street Journal reports. Shareholders of record on Tuesday, July 1st will be paid a dividend of 0.12 per share by the aerospace company on Tuesday, July 15th. This represents a yield of 0.1%. The ex-dividend date is Tuesday, July 1st. This is a 9.1% increase from HEICO's previous semi-annual dividend of $0.11.

HEICO has a dividend payout ratio of 4.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HEICO to earn $4.75 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 4.6%.

HEICO Stock Up 0.5%

HEI stock traded up $1.42 during mid-day trading on Friday, hitting $305.54. The stock had a trading volume of 419,826 shares, compared to its average volume of 479,455. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. HEICO has a 1-year low of $216.68 and a 1-year high of $307.27. The company has a fifty day moving average of $269.48 and a 200 day moving average of $254.17. The stock has a market capitalization of $42.50 billion, a price-to-earnings ratio of 83.48, a PEG ratio of 3.10 and a beta of 1.07.

HEICO (NYSE:HEI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The aerospace company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.09. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The firm's revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 EPS. On average, equities analysts expect that HEICO will post 4.2 EPS for the current fiscal year.

Insider Transactions at HEICO

In other news, Director Frank J. Schwitter sold 356 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total transaction of $106,479.60. Following the completion of the transaction, the director now directly owns 1,500 shares of the company's stock, valued at $448,650. This represents a 19.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan Schriesheim sold 50,000 shares of the company's stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total value of $11,978,500.00. Following the transaction, the director now directly owns 157,197 shares of the company's stock, valued at $37,659,685.29. This represents a 24.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,056 shares of company stock valued at $22,699,941 over the last quarter. Corporate insiders own 9.55% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in HEICO stock. Acadian Asset Management LLC raised its holdings in HEICO Co. (NYSE:HEI - Free Report) by 216.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,381 shares of the aerospace company's stock after buying an additional 945 shares during the period. Acadian Asset Management LLC's holdings in HEICO were worth $368,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 27.12% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on HEI shares. Barclays set a $280.00 price target on HEICO and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. William Blair reaffirmed an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th. UBS Group boosted their price target on HEICO from $264.00 to $306.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Wells Fargo & Company lifted their price objective on HEICO from $244.00 to $278.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Finally, Wall Street Zen upgraded HEICO from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, HEICO currently has an average rating of "Moderate Buy" and an average target price of $279.45.

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.