Heico Corp (NYSE:HEI) declared a Semi-Annual dividend on Tuesday, June 9th, Zacks reports. Shareholders of record on Wednesday, July 1st will be paid a dividend of 0.08 per share by the aerospace company on Wednesday, July 15th. The ex-dividend date of this dividend is Tuesday, June 30th.
Heico has increased its dividend by an average of 1,235.1% per year over the last three years and has raised its dividend annually for the last 10 consecutive years. Heico has a dividend payout ratio of 7.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Heico to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 7.7%.
Heico stock opened at $95.15 on Monday. Heico has a 1 year low of $52.01 and a 1 year high of $147.93. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.60 and a current ratio of 4.39. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 35.91, a price-to-earnings-growth ratio of 7.59 and a beta of 1.12. The firm’s 50 day moving average price is $100.49 and its two-hundred day moving average price is $103.64.
Heico (NYSE:HEI) last posted its quarterly earnings data on Tuesday, May 26th. The aerospace company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.13. The company had revenue of $468.15 million for the quarter, compared to the consensus estimate of $439.69 million. Heico had a net margin of 17.78% and a return on equity of 20.70%. The business’s revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS. As a group, equities analysts predict that Heico will post 1.98 EPS for the current fiscal year.
In other news, insider Victor H. Mendelson sold 22,147 shares of Heico stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $91.15, for a total value of $2,018,699.05. Following the completion of the transaction, the insider now owns 1,168,543 shares of the company’s stock, valued at approximately $106,512,694.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Laurans A. Mendelson sold 50,000 shares of Heico stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $91.36, for a total value of $4,568,000.00. Following the completion of the sale, the chief executive officer now owns 928,394 shares of the company’s stock, valued at $84,818,075.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 209,813 shares of company stock worth $19,159,982. 8.56% of the stock is currently owned by company insiders.
HEI has been the topic of several analyst reports. Canaccord Genuity increased their target price on shares of Heico from $90.00 to $100.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. UBS Group dropped their price objective on shares of Heico from $110.00 to $84.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Robert W. Baird decreased their target price on shares of Heico from $170.00 to $132.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Benchmark raised their target price on shares of Heico from $100.00 to $120.00 and gave the company a “buy” rating in a report on Friday, June 5th. Finally, SunTrust Banks lowered shares of Heico from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Heico currently has an average rating of “Hold” and an average price target of $101.00.
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.
Further Reading: How a Put Option Works
Receive News & Ratings for Heico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heico and related companies with MarketBeat.com's FREE daily email newsletter.