HEICO (NYSE:HEI) Reaches New 52-Week High - Should You Buy?

Shares of HEICO Co. (NYSE:HEI - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $305.27 and last traded at $301.70, with a volume of 646635 shares. The stock had previously closed at $299.83.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HEI shares. Truist Financial decreased their price objective on shares of HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Morgan Stanley raised their price target on shares of HEICO from $270.00 to $305.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 4th. Wall Street Zen upgraded shares of HEICO from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Barclays set a $280.00 target price on HEICO and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Finally, UBS Group lifted their price target on HEICO from $264.00 to $306.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, HEICO currently has a consensus rating of "Moderate Buy" and a consensus target price of $279.45.

HEICO Price Performance

The firm has a market cap of $42.33 billion, a PE ratio of 83.14, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07. The stock has a 50 day simple moving average of $266.75 and a two-hundred day simple moving average of $253.89. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11.

HEICO (NYSE:HEI - Get Free Report) last announced its quarterly earnings results 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. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same period last year, the business earned $0.88 earnings per share. HEICO's quarterly revenue was up 14.9% on a year-over-year basis. Sell-side analysts expect that HEICO Co. will post 4.2 earnings per share for the current year.

HEICO Increases Dividend

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

Insider Buying and Selling

In related news, Director Frank J. Schwitter sold 356 shares of HEICO stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total value of $106,479.60. Following the completion of the transaction, the director now owns 1,500 shares in the company, valued at $448,650. The trade was a 19.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the transaction, the director now directly owns 157,197 shares of the company's stock, valued at $37,659,685.29. The trade was a 24.13% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,056 shares of company stock valued at $22,699,941. Corporate insiders own 9.55% of the company's stock.

Institutional Trading of HEICO

Several institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC lifted its position in shares of HEICO by 5.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company's stock valued at $231,000 after buying an additional 46 shares in the last quarter. Ridgewood Investments LLC raised its position in HEICO by 92.0% during the first quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company's stock worth $26,000 after acquiring an additional 46 shares during the period. Moran Wealth Management LLC raised its position in HEICO by 1.9% during the fourth quarter. Moran Wealth Management LLC now owns 2,687 shares of the aerospace company's stock worth $639,000 after acquiring an additional 51 shares during the period. United Capital Financial Advisors LLC lifted its holdings in HEICO by 5.7% during the fourth quarter. United Capital Financial Advisors LLC now owns 1,043 shares of the aerospace company's stock valued at $248,000 after purchasing an additional 56 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT grew its position in shares of HEICO by 2.4% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,805 shares of the aerospace company's stock valued at $667,000 after purchasing an additional 67 shares during the period. 27.12% of the stock is owned by institutional investors and hedge funds.

About HEICO

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.