Heico (NYSE:HEI.A) Hits New 1-Year High - Time to 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.

Heico Corporation (NYSE:HEI.A - Get Free Report)'s stock price 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 Stock Performance

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 firm has a market capitalization of $34.43 billion, a P/E ratio of 57.83 and a beta of 1.14. The company's 50 day moving average is $247.64 and its 200-day moving average is $217.00.

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

Heico Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were paid 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 yield of 10.0%. Heico's dividend payout ratio (DPR) is 5.61%.

Insider Transactions at Heico

In other news, Chairman Laurans A. Mendelson sold 56,300 shares of the business's stock in a transaction that occurred 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 transaction, the chairman owned 1,253,127 shares in the company, valued at $400,311,420.15. The trade was a 4.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank J. Schwitter sold 356 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were 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 of the company's stock, valued at $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 91,656 shares of company stock worth $28,534,115 in the last quarter. 9.76% of the stock is currently owned by corporate insiders.

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.