HEI Heico Dashboard

HEICO Corporation is an aerospace and electronics company that focuses on niche markets. HEICO’s products are found in aircraft, spacecraft, defense equipment, medical equipment, and telecommunications systems.

Company profile

Ticker

HEI, HEI.A

Exchange

NYSE

Website

www.heico.com/

CEO

Laurans Mendelson

Incorporated

Florida

Location

Florida

Fiscal year end

Oct 31

Sector

Manufacturing > Small Arms Ammunition Manufacturing

Industry (SIC)

Aircraft Engines & Engine Parts

Honeywell International • Raytheon Technologies • SIFCO Industries • Tat Technologies ...

SEC CIK

0000046619

Corporate docs

Articles of Incorporation & Bylaws

IRS number

650341002

HEI stock data

S&P 500

1M 1Y 2Y 5Y

News

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Truist Securities Maintains Hold on Heico, Raises Price Target to $120

25 Feb 21

Truist Securities analyst Michael Ciarmoli maintains Heico (NYSE:HEI) with a Hold and raises the price target from $113 to $120.

A Look Into Heico's Price Over Earnings

24 Feb 21

Heico: Q1 Earnings Insights

23 Feb 21

Shares of Heico (NYSE:HEI) were flat in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share decreased 42.70% year over year to $0.51, which beat the estimate of $0.48.

Heico Q1 EPS $0.51 Beats $0.48 Estimate, Sales $417.90M Miss $419.07M Estimate

23 Feb 21

Earnings Scheduled For February 23, 2021

23 Feb 21

Press releases

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HEICO Corp. to Host Earnings Call

24 Feb 21

NEW YORK, NY / ACCESSWIRE / February 24, 2021 / HEICO Corp. (NYSE:HEI) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on February 24, 2021 at 9:00 AM Eastern Time.To listen

HEICO Corporation Reports Strong Operating Cash Flows in the First Quarter of Fiscal 2021; Up 32%

23 Feb 21

Second Consecutive Quarter of Sequential Improvement in Net Sales and Operating Income at Flight Support Group HEICO Corporation (NYSE:HEI) (NYSE:HEI) today reported net income of $70.6 million, or $.51 per diluted

HEICO Corporation Congratulates NASA and JPL on Successful Mars Perseverance Landing on Which Four Subsidiaries Supplied Components

19 Feb 21

HEICO Corporation (NYSE:HEI) (NYSE:HEI) today congratulated NASA, Jet Propulsion Laboratory (JPL) and their partners on the successful Mars Perseverance Rover Landing yesterday, February 18, 2021. Once again, NASA and

HEICO Corporation Announces Regular Quarterly Conference Call

9 Feb 21

HEICO Corp. to Host Earnings Call

22 Dec 20

Calendar

25 Feb 21

28 Feb 21

31 Oct 21

Financial summary

Financial statements Chart HEI financial data

Quarter (USD)	Jan 21	Oct 20	Jul 20	Apr 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Oct 20	Oct 19	Oct 18	Oct 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Heico earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	399.4M	399.4M	399.4M	399.4M	399.4M	399.4M
Cash burn (monthly)	2.48M	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	2.43M	n/a	n/a	n/a	n/a	n/a
Cash remaining	396.97M	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	159.9	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

HEI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
21 Jan 21	Schriesheim Alan	Class A Common Stock	Sell	Dispose S	No	No	115.9035	3,000	347.71K	37,822
15 Jan 21	Mendelson Laurans A	Class A Common Stock	Buy	Aquire P	No	No	118.6254	1,054	125.03K	15,077
13 Jan 21	Schwitter Frank J	Class A Common Stock	Sell	Dispose S	No	No	122.223	300	36.67K	910
12 Jan 21	Mendelson Laurans A	Class A Common Stock	Gift	Dispose G	Yes	No	0	200	0	210,483
12 Jan 21	Mendelson Victor H	Class A Common Stock	Gift	Dispose G	Yes	No	0	200	0	210,483
8 Jan 21	Mendelson Victor H	Class A Common Stock	Gift	Dispose G	No	No	0	200	0	174,047
7 Jan 21	Mendelson Laurans A	Class A Common Stock	Gift	Dispose G	Yes	No	0	2,670	0	9,986
5 Jan 21	Thomas S Irwin	Class A Common Stock	Sell	Dispose S	No	No	115.4296	10,000	1.15M	23,608
31 Dec 20	Mendelson Victor H	Common Stock	Gift	Aquire G	Yes	No	0	660	0	565,662
31 Dec 20	Mendelson Victor H	Common Stock	Gift	Dispose G	No	No	0	1,320	0	1,068,199

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

HEI institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	508	296	+71.6%
Opened positions	233	108	+115.7%
Closed positions	21	192	-89.1%
Increased positions	203	114	+78.1%
Reduced positions	48	74	-35.1%

13F shares	Current	Prev Q	Change
Total value	35.53B	5.86B	+506.6%
Total shares	99.87M	66.05M	+51.2%
Total puts	122.7K	0	NEW
Total calls	129.7K	0	NEW
Total put/call ratio	0.9	–	–

Largest owners	Shares	Value	Change
Vanguard	10.62M	$1.3B	+48.2%
BLK Blackrock	9.87M	$1.23B	+100.4%
MS Morgan Stanley	5.36M	$632.62M	+8.5%
FMR	5.02M	$588.1M	+63.9%
Vulcan Value Partners	3.25M	$380.2M	+52.9%
PFG Principal Financial Group Inc - Registered Shares	3.09M	$361.7M	+0.4%
STT State Street	3.01M	$374.3M	+90.2%
Capital World Investors	2.84M	$376.53M	NEW
Kayne Anderson Rudnick Investment Management	2.75M	$322.25M	+0.3%
WCM Investment Management	2.1M	$246.28M	+17.7%

Largest transactions	Shares	Bought/sold	Change
BLK Blackrock	9.87M	+4.95M	+100.4%
Vanguard	10.62M	+3.46M	+48.2%
Capital World Investors	2.84M	+2.84M	NEW
FMR	5.02M	+1.96M	+63.9%
American Century Companies	2.02M	+1.54M	+322.1%
JHG Janus Henderson	163.11K	-1.54M	-90.4%
STT State Street	3.01M	+1.43M	+90.2%
Riverbridge Partners	1.22M	+1.22M	NEW
Vulcan Value Partners	3.25M	+1.12M	+52.9%
Capital International Investors	1.79M	+1.08M	+151.6%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Our consolidated net sales in the first quarter of fiscal 2021 decreased by 17% to $417.9 million, as compared to net sales of $506.3 million in the first quarter of fiscal 2020. The decrease in consolidated net sales principally reflects a decrease of $101.7 million (a 34% decrease) to $199.3 million in net sales within the FSG, partially offset by an increase of $15.1 million (a 7% increase) to $223.6 million in net sales within the ETG. The net sales decrease in the FSG is principally organic and reflects lower demand for the majority of our commercial aerospace products and services resulting from the significant decline in global commercial air travel attributable to the Pandemic. As a result, organic net sales of our aftermarket replacement parts, repair and overhaul parts and services, and specialty products product lines decreased by $52.6 million, $26.9 million, and $25.0 million, respectively. The net sales increase in the ETG principally reflects $14.6 million contributed by our fiscal 2020 acquisitions. Sales price changes were not a significant contributing factor to the change in net sales of the FSG and ETG in the first quarter of fiscal 2021.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. senior Avg

New words: aftermath, CAD, calendar, cautiously, consecutive, conservative, depressed, distribution, diverse, fixed, good, government, gradual, issuance, lost, low, optimistic, resume, slight, small, social, stemming, strain, treat, vaccine, weather

Removed: adjustment, amended, applied, arrangement, ASC, assumed, backlog, borrowed, borrowing, calculate, classification, Codification, codified, commence, commencement, comparative, connection, criteria, December, deck, deductible, determinable, determination, determining, direct, discussed, dividend, earliest, effectively, evaluating, exercise, expedient, extend, FASB, final, flow, forma, found, HMI, illuminated, implemented, implicit, inception, increasing, incremental, incurred, index, initial, intellectual, June, land, LHT, lighting, minimum, modified, November, obtained, office, outbreak, package, permitted, Plant, policy, practical, predict, preliminary, prepaid, present, prior, pro, property, prospectively, protection, Quell, readily, record, recording, redeemable, reduced, renew, residual, restrictive, retrospective, RFI, ROU, serve, single, sooner, Spectralux, subsequent, supplemental, tangible, team, term, terminate, Topic, transfer, transient, transitional, underlying, undiscounted, wholly, wide

From filing 10-Q 2020 Q1