Heico Corporation (HEI) To Go Ex-Dividend on January 5th

Heico Corporation (NYSE:HEI) declared a dividend on Thursday, December 18th. Stockholders of record on Monday, January 5th will be paid a dividend of 0.12 per share by the aerospace company on Tuesday, January 20th. This represents a dividend yield of 8.0%. The ex-dividend date is Monday, January 5th.

Heico has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 17 years. Heico has a dividend payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Heico to earn $4.75 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 5.1%.

Heico Stock Up 5.9%

Shares of HEI stock opened at $326.92 on Friday. The stock’s 50 day simple moving average is $313.51 and its 200 day simple moving average is $315.45. Heico has a twelve month low of $216.68 and a twelve month high of $338.92. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.51 and a current ratio of 3.35. The company has a market capitalization of $45.51 billion, a price-to-earnings ratio of 66.58, a PEG ratio of 3.04 and a beta of 1.04.

Heico (NYSE:HEI) last announced its earnings results on Thursday, December 18th. The aerospace company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.11. Heico had a return on equity of 17.18% and a net margin of 15.39%.The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. As a group, research analysts predict that Heico will post 4.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HEI shares. BNP Paribas Exane started coverage on shares of Heico in a research note on Tuesday, November 18th. They issued a “neutral” rating and a $330.00 target price on the stock. The Goldman Sachs Group restated a “buy” rating and set a $382.00 price target (up from $337.00) on shares of Heico in a report on Wednesday, August 27th. Citigroup started coverage on Heico in a research report on Thursday, December 11th. They issued a “buy” rating and a $367.00 price target on the stock. Weiss Ratings raised Heico from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Robert W. Baird raised their target price on Heico from $360.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, August 27th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $351.38.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.