Heico (NYSE:HEI.A) Posts 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) announced its quarterly earnings results on Monday. The company reported $1.26 earnings per share (EPS) for the quarter, Zacks reports. Heico had a return on equity of 16.29% and a net margin of 14.96%.The business had revenue of $1.15 billion during the quarter.

Heico Stock Performance

HEI.A stock traded down $4.13 during midday trading on Friday, hitting $244.34. The company's stock had a trading volume of 275,453 shares, compared to its average volume of 185,989. The stock's 50-day moving average price is $249.72 and its 200 day moving average price is $223.13. The company has a quick ratio of 1.56, a current ratio of 3.35 and a debt-to-equity ratio of 0.58. Heico has a 1 year low of $174.82 and a 1 year high of $264.71. The stock has a market cap of $33.99 billion, a price-to-earnings ratio of 53.46 and a beta of 1.14.

Heico Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were given a $0.12 dividend. This is an increase from Heico's previous semi-annual dividend of $0.11. This represents a yield of 10.0%. The ex-dividend date of this dividend was Tuesday, July 1st. Heico's payout ratio is presently 5.25%.

Insiders Place Their Bets

In other Heico news, Director Alan Schriesheim sold 35,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $298.36, for a total value of $10,442,600.00. Following the transaction, the director directly owned 122,197 shares in the company, valued at $36,458,696.92. This represents a 22.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank J. Schwitter sold 356 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total value of $106,479.60. Following the completion of the transaction, the director owned 1,500 shares in the company, 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. Over the last quarter, insiders have sold 91,656 shares of company stock valued at $28,534,115. 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.