Short Interest in HEICO Co. (NYSE:HEI) Increases By 49.4%

HEICO Co. (NYSE:HEI) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 2,420,000 shares, an increase of 49.4% from the May 31st total of 1,620,000 shares. Currently, 5.7% of the shares of the company are sold short. Based on an average daily volume of 368,700 shares, the short-interest ratio is presently 6.6 days.

HEICO Price Performance

HEI stock traded up $1.29 during trading on Monday, hitting $224.79. The stock had a trading volume of 23,125 shares, compared to its average volume of 380,489. The company’s 50-day moving average price is $217.40 and its two-hundred day moving average price is $196.95. HEICO has a twelve month low of $155.42 and a twelve month high of $232.02. The stock has a market capitalization of $31.13 billion, a P/E ratio of 70.46, a PEG ratio of 3.29 and a beta of 1.20. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.52 and a quick ratio of 1.57.

HEICO (NYSE:HEI) last issued its quarterly earnings results on Tuesday, May 28th. The aerospace company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.80 by $0.08. The firm had revenue of $955.40 million during the quarter, compared to analysts’ expectations of $951.24 million. HEICO had a return on equity of 14.26% and a net margin of 12.62%. The firm’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 earnings per share. As a group, research analysts predict that HEICO will post 3.55 EPS for the current fiscal year.

HEICO Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a $0.11 dividend. This is an increase from HEICO’s previous Semi-Annual dividend of $0.07. This represents a dividend yield of 0.1%. The ex-dividend date is Monday, July 1st. HEICO’s dividend payout ratio (DPR) is currently 6.29%.

Analyst Upgrades and Downgrades

HEI has been the topic of several recent research reports. Bank of America upped their price objective on HEICO from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Stifel Nicolaus raised their price target on shares of HEICO from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of HEICO from $209.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Robert W. Baird raised their target price on HEICO from $223.00 to $243.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Finally, Royal Bank of Canada lifted their price target on HEICO from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, HEICO currently has an average rating of “Moderate Buy” and an average price target of $236.00.

Insider Buying and Selling

In other news, insider Eric A. Mendelson sold 2,832 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $180.06, for a total value of $509,929.92. Following the sale, the insider now owns 246,060 shares in the company, valued at $44,305,563.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HEICO

Institutional investors and hedge funds have recently bought and sold shares of the business. Zeno Equity Partners LLP acquired a new position in shares of HEICO during the 4th quarter worth approximately $25,000. Psagot Value Holdings Ltd. Israel purchased a new stake in HEICO in the 4th quarter valued at $70,000. Beaumont Financial Advisors LLC acquired a new stake in shares of HEICO in the 4th quarter worth $200,000. Sequoia Financial Advisors LLC purchased a new position in shares of HEICO during the 4th quarter worth $202,000. Finally, Anchor Investment Management LLC acquired a new position in shares of HEICO during the 4th quarter valued at about $203,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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. 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.