Heico (NYSE:HEI.A) Issues Earnings Results

Key Points

• Heico reported quarterly earnings of $1.26 per share, with a net margin of 14.54% and a return on equity of 15.88%.
• The company increased its semi-annual dividend to $0.12, up from $0.11, reflecting a 10.0% dividend yield.
• Insider transactions revealed that directors sold a total of 91,656 shares worth approximately $28.5 million in the last 90 days.

Heico (NYSE:HEI.A - Get Free Report) posted its quarterly earnings data on Monday. The company reported $1.26 earnings per share for the quarter, Zacks reports. Heico had a net margin of 14.54% and a return on equity of 15.88%.

Heico Trading Down 1.3%

Shares of NYSE:HEI.A traded down $3.0840 during trading on Monday, reaching $240.5360. The stock had a trading volume of 248,703 shares, compared to its average volume of 244,609. The business has a fifty day moving average price of $249.06 and a 200-day moving average price of $221.49. 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 $33.46 billion, a P/E ratio of 56.20 and a beta of 1.14. Heico has a fifty-two week low of $174.82 and a fifty-two week high of $264.71.

Heico Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were given a $0.12 dividend. This is a boost from Heico's previous semi-annual dividend of $0.11. This represents a dividend yield of 10.0%. The ex-dividend date of this dividend was Tuesday, July 1st. Heico's dividend payout ratio (DPR) is presently 5.61%.

Insider Activity

In other news, Director Alan Schriesheim sold 35,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $298.36, for a total value of $10,442,600.00. Following the completion of the transaction, the director owned 122,197 shares of the company's stock, valued at $36,458,696.92. The trade was a 22.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frank J. Schwitter sold 356 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $299.10, for a total transaction of $106,479.60. Following the completion of the transaction, the director directly owned 1,500 shares of the company's stock, valued at approximately $448,650. This represents a 19.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 91,656 shares of company stock valued at $28,534,115 over the last 90 days. Insiders own 9.76% of the company's stock.

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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.