Heico (NYSE:HEI) Reaches New 12-Month High - Still a Buy?

Heico Corporation (NYSE:HEI - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $319.86 and last traded at $319.64, with a volume of 466913 shares changing hands. The stock had previously closed at $315.52.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HEI. UBS Group raised their price objective on Heico from $264.00 to $306.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Truist Financial decreased their price objective on Heico from $294.00 to $277.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. William Blair reissued an "outperform" rating on shares of Heico in a report on Tuesday, March 25th. Stifel Nicolaus set a $352.00 price objective on Heico and gave the company a "buy" rating in a report on Tuesday. Finally, Wall Street Zen raised Heico from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $286.00.

Heico Stock Up 1.6%

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 stock has a 50 day simple moving average of $282.82 and a 200 day simple moving average of $257.64. The firm has a market capitalization of $45.39 billion, a PE ratio of 76.24, a PEG ratio of 4.07 and a beta of 1.07.

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

Heico Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a $0.12 dividend. This is a positive change 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 dividend payout ratio (DPR) is currently 5.14%.

Insider Transactions at Heico

In other news, Director Frank J. Schwitter sold 356 shares of Heico stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total value of $106,479.60. Following the sale, the director now directly owns 1,500 shares in the company, valued at approximately $448,650. This trade represents a 19.18% decrease in their position. 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 50,000 shares of Heico stock in a transaction that occurred on 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 sale, the director now owns 157,197 shares in the company, valued at approximately $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. In the last three months, insiders have sold 86,056 shares of company stock worth $22,699,941. 9.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Heico

Large investors have recently made changes to their positions in the business. EntryPoint Capital LLC bought a new stake in shares of Heico during the fourth quarter valued at approximately $220,000. Praxis Investment Management Inc. boosted its position in shares of Heico by 24.9% during the first 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 in the last quarter. Fisher Asset Management LLC boosted its position in shares of Heico by 19.1% during the fourth 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 in the last quarter. E Fund Management Co. Ltd. bought a new stake in shares of Heico during the fourth quarter valued at approximately $428,000. Finally, AIA Group Ltd boosted its position 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 valued at $3,723,000 after purchasing an additional 3,281 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors.

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.