The Street Is Finally Waking Up To Heico Corp. (NYSE: HEI)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed HEICO Corporation CEO Laurans A. Mendelson Receives Living Legends of Aviation Award.

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Stocks Info

Heico Corp. is listed on the NYSE as a member of the Industrials sector and is a part of the Aerospace & Defense industry. At the end of the last regular session, the stock closed at $183.50 and fluctuated between $183.59 as its day high and $178.20 as its day low. The current market capitalization of Heico Corp. is $25.37B. A total of 0.54 million shares were traded on the day, compared to an average of 352.09K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, HEI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 12 BUYs and 19 SELLs from insiders. Insiders purchased 22,951 shares during that period but sold 65,366.

In the most recent transaction, Schwitter Frank J sold 550 shares of HEI for 178.06 per share on Jan 02. After the transaction, the Director now owns 1,655 company shares. In a previous transaction on Dec 27, Neitzel Julie sold 1,450 shares at 179.54 per share. HEI shares that Director owns now total 447.

Among the insiders who sold shares, MENDELSON LAURANS A disposed of 1,523 shares on Oct 18 at a per-share price of $166.01. This resulted in the COB and CEO holding 1,692,928 shares of HEI after the transaction. In another insider transaction, MENDELSON LAURANS A sold 23,477 shares at $166.20 per share on Oct 17. Company shares held by the COB and CEO now total 1,694,451.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Heico Corp. pays an annual dividend of $0.25, resulting in a dividend yield of 0.14%, and it has a price to earnings (P/E) ratio of 63.16. HEI’s most recent ex-dividend date was 1/3/2024 when it declared a $0.10 quarterly dividend that was paid in cash on 1/19/2024. Previously, the company paid the dividend on 7/17/2023 with an ex-dividend date of 6/30/2023. The HEI stock dividend was $0.10 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for HEI in the last 3 months, the mean price target is $205.58 with high estimates of $242.00 and low estimates of $170.00. In terms of 52-week highs and lows, HEI has a high of $191.00 and a low of $153.63.

As of this writing, HEI has an earnings estimate of $Hawaiian Electric Industries, I per share for the current quarter. EPS was calculated based on a consensus of The Kraft Heinz Company estimates, with a high estimate of $Ring Energy, Inc. per share and a lower estimate of $Hanesbrands Inc.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. HEI’s latest balance sheet shows that the firm has $108.30M in Cash & Short Term Investments as of fiscal 2021. There were $250.37M in debt and $294.88M in liabilities at the time. Its Book Value Per Share was $22.76, while its Total Shareholder’s Equity was $2.55B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HEI is Buy with a score of 4.50.

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