Heico (NYSE:HEI) Reaches New 12-Month High - Should You Buy?

Heico Corporation (NYSE:HEI - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $326.98 and last traded at $326.61, with a volume of 16139 shares trading hands. The stock had previously closed at $325.73.

Wall Street Analyst Weigh In

A number of research analysts have commented on HEI shares. Wells Fargo & Company increased their target price on Heico from $244.00 to $278.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. William Blair reissued an "outperform" rating on shares of Heico in a research report on Tuesday, March 25th. UBS Group boosted their target price on shares of Heico from $264.00 to $306.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Truist Financial reduced their price target on shares of Heico from $294.00 to $277.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Wall Street Zen raised shares of Heico from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Heico has a consensus rating of "Moderate Buy" and an average price target of $286.00.

Heico Stock Performance

The company has a market capitalization of $45.10 billion, a price-to-earnings ratio of 75.86, a price-to-earnings-growth ratio of 4.13 and a beta of 1.07. The company has a current ratio of 3.43, a quick ratio of 1.56 and a debt-to-equity ratio of 0.56. The firm has a 50-day simple moving average of $282.82 and a two-hundred day simple moving average of $257.64.

Heico (NYSE:HEI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.09. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. Heico had a net margin of 14.54% and a return on equity of 15.88%. The company's revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 earnings per share. As a group, sell-side analysts forecast that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Heico Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a $0.12 dividend. This is a positive change from Heico's previous semi-annual dividend of $0.11. This represents a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, July 1st. Heico's payout ratio is 5.14%.

Insider Buying and Selling at Heico

In other news, Director Julie Neitzel sold 700 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total transaction of $172,361.00. Following the completion of the transaction, the director now directly owns 418 shares in the company, valued at $102,924.14. The trade was a 62.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan Schriesheim sold 35,000 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $298.36, for a total transaction of $10,442,600.00. Following the completion of the sale, the director now directly owns 122,197 shares of the company's stock, valued at approximately $36,458,696.92. This trade represents a 22.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,056 shares of company stock worth $22,699,941 over the last ninety days. Company insiders own 9.55% of the company's stock.

Institutional Investors Weigh In On Heico

Hedge funds have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC acquired a new position in shares of Heico during the fourth quarter valued at $220,000. Praxis Investment Management Inc. boosted its stake in shares of Heico by 24.9% in the 1st quarter. Praxis Investment Management Inc. now owns 8,830 shares of the aerospace company's stock valued at $2,359,000 after purchasing an additional 1,760 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Heico by 19.1% in the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock valued at $98,791,000 after purchasing an additional 66,583 shares during the last quarter. E Fund Management Co. Ltd. acquired a new stake in shares of Heico during the 4th quarter worth approximately $428,000. Finally, AIA Group Ltd raised its stake in shares of Heico by 26.5% during the fourth quarter. AIA Group Ltd now owns 15,662 shares of the aerospace company's stock worth $3,723,000 after buying an additional 3,281 shares during the last quarter. 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.

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