Heico (NYSE:HEI.A) Trading 2.7% Higher - Should You Buy?

Key Points

• Heico Corporation's stock price rose by 2.7% to $264.14, with the company experiencing a trading volume decline of 34% from the average daily volume.
• The company reported a net margin of 14.54% and a revenue of $1.10 billion for the last quarter, with an earnings per share of $1.12.
• Heico has increased its semi-annual dividend from $0.11 to $0.12, providing a yield of 10.0% while maintaining a low dividend payout ratio of 5.61%.

Heico Corporation (NYSE:HEI.A - Get Free Report)'s stock price was up 2.7% during mid-day trading on Monday . The company traded as high as $264.71 and last traded at $264.14. Approximately 139,888 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 213,512 shares. The stock had previously closed at $257.28.

Heico Trading Up 2.7%

The stock has a market cap of $36.74 billion, a price-to-earnings ratio of 61.71 and a beta of 1.14. The business's 50 day simple moving average is $246.52 and its 200 day simple moving average is $216.17. The company has a quick ratio of 1.56, a current ratio of 3.43 and a debt-to-equity ratio of 0.56.

Heico (NYSE:HEI.A - Get Free Report) last posted its earnings results 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 company also recently declared a semi-annual dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were paid a $0.12 dividend. 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 is presently 5.61%.

Insiders Place Their Bets

In other Heico news, Director Alan Schriesheim sold 35,000 shares of the business's stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frank J. Schwitter sold 356 shares of Heico 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 sale, the director owned 1,500 shares of the company's stock, valued at approximately $448,650. The trade was a 19.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 91,656 shares of company stock worth $28,534,115 in the last 90 days. Company 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.

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