Victor H. Mendelson Buys 1,383 Shares of HEICO Co. (NYSE:HEI) Stock

HEICO Co. (NYSE:HEI – Get Rating) insider Victor H. Mendelson acquired 1,383 shares of HEICO stock in a transaction dated Tuesday, January 10th. The shares were bought at an average cost of $157.07 per share, with a total value of $217,227.81. Following the completion of the purchase, the insider now owns 1,130,171 shares in the company, valued at $177,515,958.97. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

HEICO Price Performance

Shares of NYSE:HEI opened at $163.65 on Friday. The company has a current ratio of 2.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.11. HEICO Co. has a 1 year low of $126.95 and a 1 year high of $165.79. The business has a fifty day simple moving average of $157.71 and a 200 day simple moving average of $152.36. The firm has a market cap of $22.36 billion, a price-to-earnings ratio of 64.18, a P/E/G ratio of 4.25 and a beta of 1.14.

HEICO Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, January 23rd. Investors of record on Thursday, January 5th will be issued a dividend of $0.10 per share. This represents a dividend yield of 0.1%. This is a positive change from HEICO’s previous semi-annual dividend of $0.09. The ex-dividend date is Wednesday, January 4th. HEICO’s dividend payout ratio (DPR) is currently 7.84%.

Institutional Trading of HEICO

Hedge funds and other institutional investors have recently modified their holdings of the company. King Luther Capital Management Corp bought a new position in HEICO during the third quarter valued at about $204,000. Symmetry Partners LLC bought a new position in HEICO during the third quarter valued at about $209,000. Astoria Portfolio Advisors LLC. bought a new position in HEICO during the third quarter valued at about $209,000. Qtron Investments LLC bought a new position in HEICO during the second quarter valued at about $211,000. Finally, Synovus Financial Corp bought a new position in HEICO during the third quarter valued at about $216,000. 27.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HEI shares. StockNews.com lowered HEICO from a “buy” rating to a “hold” rating in a research note on Wednesday, December 14th. Credit Suisse Group initiated coverage on HEICO in a research note on Tuesday, October 11th. They set an “outperform” rating and a $185.00 price objective for the company. Royal Bank of Canada raised HEICO from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $150.00 to $175.00 in a research report on Monday, October 24th. Wolfe Research initiated coverage on HEICO in a research report on Monday, October 10th. They issued a “peer perform” rating for the company. Finally, Truist Financial raised their target price on HEICO from $165.00 to $169.00 in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.88.

About HEICO

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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.