Laurans A. Mendelson Sells 56,300 Shares of Heico Corporation (NYSE:HEI.A) Stock

Heico Corporation (NYSE:HEI.A) Chairman Laurans A. Mendelson sold 56,300 shares of the company’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $319.45, for a total transaction of $17,985,035.00. Following the completion of the transaction, the chairman owned 1,253,127 shares of the company’s stock, valued at approximately $400,311,420.15. This trade represents a 4.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Heico Price Performance

NYSE HEI.A opened at $253.44 on Friday. Heico Corporation has a 52 week low of $171.42 and a 52 week high of $258.75. The company has a current ratio of 3.43, a quick ratio of 1.56 and a debt-to-equity ratio of 0.56. The stock has a market cap of $35.25 billion, a price-to-earnings ratio of 59.21 and a beta of 1.10. The company has a 50-day moving average price of $237.68 and a two-hundred day moving average price of $210.19.

Heico (NYSE:HEI.A) last posted its earnings results 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 company also recently announced a semi-annual dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were given a $0.12 dividend. This is a boost from Heico’s previous semi-annual dividend of $0.11. The ex-dividend date was Tuesday, July 1st. This represents a yield of 0.1%. Heico’s dividend payout ratio is 5.61%.

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.