HEICO Co. (HEI) To Go Ex-Dividend on June 30th

HEICO Co. (NYSE:HEIGet Rating) declared a Semi-Annual dividend on Monday, June 20th, Zacks reports. Shareholders of record on Friday, July 1st will be paid a dividend of 0.09 per share by the aerospace company on Friday, July 15th. The ex-dividend date of this dividend is Thursday, June 30th.

HEICO has raised its dividend by an average of 11.5% annually over the last three years and has raised its dividend annually for the last 17 consecutive years. HEICO has a dividend payout ratio of 6.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect HEICO to earn $2.99 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 6.0%.

Shares of HEICO stock opened at $131.38 on Wednesday. The business has a 50 day simple moving average of $140.38 and a two-hundred day simple moving average of $143.52. HEICO has a 12 month low of $122.94 and a 12 month high of $159.29. The stock has a market capitalization of $17.86 billion, a P/E ratio of 54.07, a PEG ratio of 3.92 and a beta of 1.13. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.39 and a quick ratio of 1.69.

HEICO (NYSE:HEIGet Rating) last announced its earnings results on Monday, May 23rd. The aerospace company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. HEICO had a return on equity of 14.44% and a net margin of 16.66%. During the same quarter in the previous year, the company earned $0.51 earnings per share. As a group, research analysts anticipate that HEICO will post 2.62 EPS for the current fiscal year.

In other HEICO news, VP Thomas S. Irwin sold 20,000 shares of the firm’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $125.22, for a total value of $2,504,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alan Schriesheim sold 12,865 shares of the firm’s stock in a transaction on Wednesday, March 30th. The shares were sold at an average price of $126.82, for a total value of $1,631,539.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,865 shares of company stock valued at $7,154,419. 8.27% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its position in shares of HEICO by 3.2% during the first quarter. Advisors Asset Management Inc. now owns 19,006 shares of the aerospace company’s stock worth $2,918,000 after purchasing an additional 595 shares in the last quarter. Eaton Vance Management increased its position in shares of HEICO by 8.0% during the first quarter. Eaton Vance Management now owns 210,914 shares of the aerospace company’s stock worth $32,384,000 after purchasing an additional 15,547 shares in the last quarter. IHT Wealth Management LLC increased its position in shares of HEICO by 10.4% during the first quarter. IHT Wealth Management LLC now owns 4,251 shares of the aerospace company’s stock worth $653,000 after purchasing an additional 400 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of HEICO during the first quarter worth about $35,606,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of HEICO during the first quarter worth about $1,916,000. Institutional investors and hedge funds own 26.67% of the company’s stock.

HEI has been the subject of several analyst reports. UBS Group lowered their price objective on HEICO to $138.00 in a research report on Wednesday, May 25th. StockNews.com lowered HEICO from a “buy” rating to a “hold” rating in a research report on Saturday, May 28th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, HEICO presently has a consensus rating of “Moderate Buy” and an average target price of $150.33.

HEICO Company Profile (Get Rating)

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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Dividend History for HEICO (NYSE:HEI)

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