Heico (NYSE:HEI.A) Sets New 1-Year High - Here's What Happened

Key Points

• Heico Corporation stocks reached a new 52-week high, trading at $258.79, with a market capitalization of $35.82 billion.
• The company reported a quarterly earnings per share (EPS) of $1.12 and increased its semi-annual dividend from $0.11 to $0.12.
• Insider trades showed significant selling activity, with Chairman Laurans A. Mendelson selling over 56,300 shares valued at approximately $17.99 million.

Heico Corporation (NYSE:HEI.A - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $258.79 and last traded at $258.21, with a volume of 16653 shares. The stock had previously closed at $256.09.

Heico Price Performance

The business's 50 day simple moving average is $245.47 and its two-hundred day simple moving average is $215.44. The stock has a market capitalization of $35.78 billion, a P/E ratio of 60.10 and a beta of 1.14. The company has a quick ratio of 1.56, a current ratio of 3.43 and a debt-to-equity ratio of 0.56.

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

Heico Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were given a dividend of $0.12 per share. This represents a yield of 10.0%. The ex-dividend date of this dividend was Tuesday, July 1st. This is an increase from Heico's previous semi-annual dividend of $0.11. Heico's payout ratio is presently 5.61%.

Insider Activity

In other Heico news, Chairman Laurans A. Mendelson sold 56,300 shares of the business's stock in a transaction dated 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 transaction, the chairman owned 1,253,127 shares of the company's stock, valued at approximately $400,311,420.15. The trade was a 4.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank J. Schwitter sold 356 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total transaction of $106,479.60. Following the completion of the sale, the director directly owned 1,500 shares of the company's stock, valued at $448,650. This represents a 19.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,656 shares of company stock worth $28,534,115. Corporate insiders own 9.76% 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. 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.