Heico Corporation (NYSE:HEI.A) Chairman Sells $17,985,035.00 in Stock

Heico Corporation (NYSE:HEI.A - Get Free Report) Chairman Laurans A. Mendelson sold 56,300 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $319.45, for a total transaction of $17,985,035.00. Following the sale, the chairman directly owned 1,253,127 shares of the company's stock, valued at $400,311,420.15. This represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Heico Stock Up 0.5%

Shares of NYSE HEI.A traded up $1.31 during midday trading on Thursday, reaching $252.60. 86,249 shares of the company's stock traded hands, compared to its average volume of 233,379. The stock's 50 day simple moving average is $235.99 and its 200-day simple moving average is $209.29. Heico Corporation has a one year low of $171.42 and a one year high of $258.75. The company has a quick ratio of 1.56, a current ratio of 3.43 and a debt-to-equity ratio of 0.56. The company has a market cap of $35.14 billion, a price-to-earnings ratio of 59.07 and a beta of 1.10.

Heico (NYSE:HEI.A - Get Free Report) last announced its quarterly earnings data on Tuesday, May 27th. The company reported $1.12 earnings per share (EPS) for the quarter. Heico had a return on equity of 15.88% and a net margin of 14.54%. The firm had revenue of $1.10 billion during the quarter.

Heico Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This is a positive change from Heico's previous semi-annual dividend of $0.11. This represents a dividend yield of 0.1%. Heico's payout ratio is currently 5.61%.

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. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.

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