HEICO (NYSE:HEI) Reaches New 1-Year High at $231.34

Shares of HEICO Co. (NYSE:HEI - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $231.34 and last traded at $231.21, with a volume of 30477 shares. The stock had previously closed at $228.78.

Analysts Set New Price Targets

HEI has been the topic of several analyst reports. Benchmark boosted their price target on shares of HEICO from $185.00 to $245.00 and gave the company a "buy" rating in a report on Friday, June 14th. Robert W. Baird boosted their target price on shares of HEICO from $223.00 to $243.00 and gave the company an "outperform" rating in a research note on Thursday, May 30th. Royal Bank of Canada boosted their target price on shares of HEICO from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Thursday, May 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of HEICO from $209.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, May 21st. Finally, Stifel Nicolaus boosted their target price on shares of HEICO from $215.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, May 6th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, HEICO currently has a consensus rating of "Moderate Buy" and a consensus price target of $232.67.

HEICO Trading Down 1.0 %

The company has a current ratio of 3.52, a quick ratio of 1.57 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $31.38 billion, a P/E ratio of 71.24, a PEG ratio of 3.41 and a beta of 1.21. The business has a 50 day moving average price of $213.72 and a 200 day moving average price of $194.76.

HEICO (NYSE:HEI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 28th. The aerospace company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.08. HEICO had a return on equity of 14.26% and a net margin of 12.62%. The company had revenue of $955.40 million during the quarter, compared to analysts' expectations of $951.24 million. During the same period in the prior year, the business posted $0.76 EPS. HEICO's revenue was up 38.9% on a year-over-year basis. Analysts anticipate that HEICO Co. will post 3.54 EPS for the current year.

HEICO Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a dividend of $0.11 per share. This is a boost from HEICO's previous dividend of $0.07. The ex-dividend date is Monday, July 1st. HEICO's dividend payout ratio is presently 6.29%.

Insider Buying and Selling

In related news, Director Frank J. Schwitter sold 400 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the sale, the director now directly owns 1,255 shares of the company's stock, valued at approximately $243,093.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Alan Schriesheim sold 26,000 shares of the firm's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the completion of the transaction, the director now directly owns 155,862 shares of the company's stock, valued at approximately $29,953,559.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank J. Schwitter sold 400 shares of the firm's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the transaction, the director now directly owns 1,255 shares of the company's stock, valued at $243,093.50. The disclosure for this sale can be found here. 8.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On HEICO

Several hedge funds have recently made changes to their positions in the business. Sawgrass Asset Management LLC acquired a new stake in shares of HEICO in the 3rd quarter valued at approximately $5,010,000. Roundview Capital LLC boosted its holdings in shares of HEICO by 1.0% in the 3rd quarter. Roundview Capital LLC now owns 11,120 shares of the aerospace company's stock valued at $1,801,000 after buying an additional 112 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in shares of HEICO by 9.3% in the 3rd quarter. Gotham Asset Management LLC now owns 4,098 shares of the aerospace company's stock valued at $664,000 after buying an additional 349 shares during the last quarter. Alerus Financial NA boosted its holdings in shares of HEICO by 0.7% in the 3rd quarter. Alerus Financial NA now owns 49,384 shares of the aerospace company's stock valued at $7,997,000 after buying an additional 356 shares during the last quarter. Finally, EULAV Asset Management boosted its holdings in shares of HEICO by 50.9% in the 3rd quarter. EULAV Asset Management now owns 233,593 shares of the aerospace company's stock valued at $37,826,000 after buying an additional 78,779 shares during the last quarter. 27.12% of the stock is owned by institutional investors.

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. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.