Heico (NYSE:HEI.A) Shares Up 2.7% - Still a 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) traded up 2.7% during trading on Monday . The stock traded as high as $264.71 and last traded at $264.14. 139,888 shares were traded during trading, a decline of 34% from the average session volume of 213,512 shares. The stock had previously closed at $257.28.

Heico Stock Down 0.4%

The business's 50 day simple moving average is $247.64 and its 200 day simple moving average is $217.00. The company has a market capitalization of $34.23 billion, a PE ratio of 57.49 and a beta of 1.14. 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 quarterly earnings data on Tuesday, May 27th. The company reported $1.12 EPS for the quarter. Heico had a net margin of 14.54% and a return on equity of 15.88%. The firm had revenue of $1.10 billion during the quarter.

Heico Increases Dividend

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

Insider Activity at Heico

In related news, Director Alan Schriesheim sold 35,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 122,197 shares in the company, valued at approximately $36,458,696.92. This represents a 22.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Laurans A. Mendelson sold 56,300 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $319.45, for a total transaction of $17,985,035.00. Following the transaction, the chairman directly owned 1,253,127 shares in the company, valued at approximately $400,311,420.15. The trade was a 4.30% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 91,656 shares of company stock valued at $28,534,115. 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.