Heico (NYSE:HEI.A) Hits New 1-Year High - Should You Buy?

Key Points

• Heico Corporation (NYSE:HEI.A) reached a new 52-week high of $264.71 during trading, closing at $264.14 with a volume of 139,888 shares exchanged.
• The company announced a semi-annual dividend increase to $0.12 per share, yielding 10.0%, up from a prior dividend of $0.11.
• Insider sales included Director Alan Schriesheim selling 35,000 shares for approximately $10.44 million and Chairman Laurans A. Mendelson selling 56,300 shares worth nearly $17.99 million.

Shares of Heico Corporation (NYSE:HEI.A - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $264.71 and last traded at $264.14, with a volume of 139888 shares trading hands. The stock had previously closed at $257.28.

Heico Price Performance

The firm has a market capitalization of $34.22 billion, a P/E ratio of 57.49 and a beta of 1.14. The company has a fifty day moving average of $247.85 and a 200 day moving average of $217.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.43 and a quick ratio of 1.56.

Heico (NYSE:HEI.A - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.10 billion for the quarter.

Heico Increases Dividend

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

Insider Buying and Selling

In related news, Chairman Laurans A. Mendelson sold 56,300 shares of the company's stock in a transaction on 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 sale, the chairman directly owned 1,253,127 shares of the company's stock, valued at $400,311,420.15. This represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alan Schriesheim sold 35,000 shares of the business's stock in a transaction on 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 completion of the sale, the director directly owned 122,197 shares in the company, valued at $36,458,696.92. This trade represents a 22.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 91,656 shares of company stock worth $28,534,115 in the last quarter. 9.76% of the stock is owned by insiders.

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.