Heico (NYSE:HEI.A) Hits New 52-Week High - Still a Buy?

Heico Corporation (NYSE:HEI.A - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $250.38 and last traded at $249.70, with a volume of 12391 shares traded. The stock had previously closed at $248.80.

Heico Trading Down 1.1%

The firm has a 50-day simple moving average of $218.95 and a 200-day simple moving average of $202.76. The company has a quick ratio of 1.56, a current ratio of 3.43 and a debt-to-equity ratio of 0.56. The stock has a market cap of $34.70 billion, a PE ratio of 58.28 and a beta of 1.09.

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

Heico Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, July 15th. Stockholders 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. The ex-dividend date is Tuesday, July 1st. This represents a dividend yield of 0.1%. Heico's dividend payout ratio is presently 5.14%.

Insiders Place Their Bets

In related news, Director Alan Schriesheim sold 50,000 shares of the company's stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the completion of the sale, the director now directly owns 157,197 shares in the company, valued at $37,659,685.29. This represents a 24.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Julie Neitzel sold 700 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total value of $172,361.00. Following the transaction, the director now directly owns 418 shares of the company's stock, valued at $102,924.14. The trade was a 62.61% 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 90 days. 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.