Insider Selling: Heico Corporation (NYSE:HEI.A) Chairman Sells 56,300 Shares of Stock

Heico Corporation (NYSE:HEI.A - Get Free Report) Chairman Laurans A. Mendelson sold 56,300 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $319.45, for a total value of $17,985,035.00. Following the completion of the sale, the chairman directly owned 1,253,127 shares of the company's stock, valued at $400,311,420.15. This trade represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Heico Trading Down 0.0%

Heico stock traded down $0.04 during midday trading on Monday, reaching $253.09. 64,889 shares of the stock traded hands, compared to its average volume of 233,633. The company has a 50-day simple moving average of $237.68 and a two-hundred day simple moving average of $210.53. Heico Corporation has a 12-month low of $171.42 and a 12-month high of $274.80. The firm has a market cap of $35.21 billion, a PE ratio of 59.15 and a beta of 1.10. The company has a current ratio of 3.43, a quick ratio of 1.56 and a debt-to-equity ratio of 0.56.

Heico (NYSE:HEI.A - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.10 billion for the quarter.

Heico Increases Dividend

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