Heico Corporation (NYSE:HEI.A - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $239.50 and last traded at $238.82, with a volume of 27936 shares. The stock had previously closed at $238.79.
Heico Stock Performance
The company has a market capitalization of $33.88 billion, a price-to-earnings ratio of 56.91 and a beta of 1.09. The stock has a fifty day moving average price of $216.96 and a two-hundred day moving average price of $202.23. 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 released its quarterly earnings results on Tuesday, May 27th. The company reported $1.12 earnings per share 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 during the quarter.
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. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a dividend yield of 0.1%. This is an increase from Heico's previous semi-annual dividend of $0.11. Heico's payout ratio is currently 5.14%.
Insider Activity
In other Heico news, Director Alan Schriesheim sold 35,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was 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 owns 122,197 shares of the company's stock, valued at approximately $36,458,696.92. The trade was a 22.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank J. Schwitter sold 356 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were 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 of the company's stock, valued at approximately $448,650. This trade represents a 19.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,056 shares of company stock valued at $22,699,941 over the last quarter. Company insiders own 9.76% of the company's stock.
About Heico
(
Get Free Report)
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.
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