HEI Heico

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
Website
CEO
Laurans Mendelson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
650341002
HEI stock data
()
News
Truist Securities Maintains Hold on Heico, Raises Price Target to $120
25 Feb 21
A Look Into Heico's Price Over Earnings
24 Feb 21
Heico: Q1 Earnings Insights
23 Feb 21
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
HEICO Corp. to Host Earnings Call
24 Feb 21
HEICO Corporation Reports Strong Operating Cash Flows in the First Quarter of Fiscal 2021; Up 32%
23 Feb 21
HEICO Corporation Congratulates NASA and JPL on Successful Mars Perseverance Landing on Which Four Subsidiaries Supplied Components
19 Feb 21
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
Quarter (USD) |
Jan 21 | Oct 20 | Jul 20 | Apr 20 | |
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Cost of revenue | |||||
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Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) |
Oct 20 | Oct 19 | Oct 18 | Oct 17 | |
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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 |
Recent insider trades
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 |
Institutional ownership Q4 2020
13F holders |
Current |
---|---|
Total holders | 508 |
Opened positions | 233 |
Closed positions | 21 |
Increased positions | 203 |
Reduced positions | 48 |
13F shares |
Current |
---|---|
Total value | 35.53B |
Total shares | 99.87M |
Total puts | 122.7K |
Total calls | 129.7K |
Total put/call ratio | 0.9 |
Largest owners |
Shares | Value |
---|---|---|
Vanguard | 10.62M | $1.3B |
BLK Blackrock | 9.87M | $1.23B |
MS Morgan Stanley | 5.36M | $632.62M |
FMR | 5.02M | $588.1M |
Vulcan Value Partners | 3.25M | $380.2M |
PFG Principal Financial Group Inc - Registered Shares | 3.09M | $361.7M |
STT State Street | 3.01M | $374.3M |
Capital World Investors | 2.84M | $376.53M |
Kayne Anderson Rudnick Investment Management | 2.75M | $322.25M |
WCM Investment Management | 2.1M | $246.28M |
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
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Positive | ||
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Constraining | ||
Legalese | ||
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Readability |
H.S. senior Avg
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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
Financial reports
10-Q
2020 Q1
Quarterly report
25 Feb 21
10-K
2020 FY
Annual report
23 Dec 20
10-Q
2020 Q3
Quarterly report
27 Aug 20
10-Q
2020 Q2
Quarterly report
28 May 20
10-Q
2020 Q1
Quarterly report
27 Feb 20
10-K
2019 FY
Annual report
19 Dec 19
10-Q
2019 Q3
Quarterly report
29 Aug 19
10-Q
2019 Q2
Quarterly report
30 May 19
10-Q
2019 Q1
Quarterly report
28 Feb 19
10-K
2018 FY
Annual report
20 Dec 18
Current reports
8-K
Second Consecutive Quarter of Sequential Improvement in Net Sales
23 Feb 21
8-K
Heico Corporation Reports Strong Net Income and Cash Flows for the Full Year of Fiscal 2020
21 Dec 20
8-K
Entry into a Material Definitive Agreement
14 Dec 20
8-K
Heico Corporation Reports Strong Net Income and Cash Flows In the First Nine Months of Fiscal 2020
25 Aug 20
8-K
Heico Corporation Reports Second Quarter of Fiscal 2020 Results
26 May 20
8-K
Heico Corporation Provides COVID-19 Views and Outlook Update
15 Apr 20
8-K
Submission of Matters to a Vote of Security Holders
24 Mar 20
8-K
Heico Corporation Reports Record Net Income
25 Feb 20
8-K
Continued Growth In Fiscal 2020
16 Dec 19
8-K
Results of Operations and Financial Condition
27 Aug 19
Registration and prospectus
S-8
Registration of securities for employees
19 Mar 18
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Mar 18
S-8
Registration of securities for employees
8 Mar 16
S-3ASR
Automatic shelf registration
2 May 13
S-8
Registration of securities for employees
28 Mar 12
S-8
Registration of securities for employees
28 Mar 12
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Mar 12
S-3ASR
Automatic shelf registration
15 Sep 09
S-8
Registration of securities for employees
15 Sep 09
S-3/A
Shelf registration (amended)
10 May 04
Proxies
DEFA14A
Additional proxy soliciting materials
5 Feb 21
DEF 14A
Definitive proxy
5 Feb 21
DEF 14A
Definitive proxy
31 Jan 20
DEF 14A
Definitive proxy
7 Feb 19
DEFA14A
Additional proxy soliciting materials
15 Feb 18
DEF 14A
Definitive proxy
12 Feb 18
PRE 14A
Preliminary proxy
1 Feb 18
DEF 14A
Definitive proxy
9 Feb 17
DEF 14A
Definitive proxy
11 Feb 16
DEF 14A
Definitive proxy
11 Feb 15
Other
SD
Conflict minerals disclosure
29 May 20
UPLOAD
Letter from SEC
27 Oct 19
CORRESP
Correspondence with SEC
23 Oct 19
UPLOAD
Letter from SEC
15 Oct 19
SD
Conflict minerals disclosure
6 May 19
SD
Conflict minerals disclosure
24 May 18
SD
Conflict minerals disclosure
24 May 17
SD
Conflict minerals disclosure
26 May 16
UPLOAD
Letter from SEC
5 Apr 16
CORRESP
Correspondence with SEC
31 Mar 16
Ownership
SC 13G
HEICO / Capital World Investors ownership change
16 Feb 21
SC 13G
HEICO / MORGAN STANLEY ownership change
11 Feb 21
SC 13G/A
HEICO / VANGUARD ownership change
10 Feb 21
SC 13G/A
HEICO / VANGUARD ownership change
9 Feb 21
SC 13G/A
HEICO / FMR ownership change
8 Feb 21
SC 13G/A
HEICO / BlackRock ownership change
29 Jan 21
SC 13G/A
HEICO / BlackRock ownership change
29 Jan 21
4
HEICO / VICTOR H MENDELSON ownership change
22 Jan 21
4
HEICO / ERIC A MENDELSON ownership change
22 Jan 21
4
HEICO / ALAN SCHRIESHEIM ownership change
22 Jan 21
Patents
APP
Utility
Insulated Bolt Cap with Redundant Seal
21 Oct 20
An insulated bolt cap for covering a bolt on an outer plate of an aircraft nacelle is described.
GRANT
Utility
Pulsed laser diode drivers and methods
14 Sep 20
A current driver is disclosed which allows very short pulses at high currents to be generated for high power laser diodes.
APP
Utility
Broad Band Dipole Antenna
19 Aug 20
A broad band dipole antenna includes a first top radiator which is a planar polygonal shaped surface arranged parallel to vertical axis of the broad band dipole antenna, a first bottom radiator which is a planar polygonal shaped surface arranged parallel to the first radiator and below of the first top radiator, a first coupler which is a planar polygonal shaped surface arranged in close proximity to both the first top radiator and the first bottom radiator, N−1 top radiators where each next top radiator is a copy of the previous top radiator which is rotated by approximately 360°/N around the vertical axis, where N is an integer greater than one, N−1 bottom radiators where each next bottom radiator is a copy of the previous bottom radiator which is rotated by approximately 360′/N around the vertical axis, N−1 couplers where each next coupler is a copy of the previous coupler which is rotated by approximately 360′/N around the vertical axis, a first jumper which connects bottom sides of all the top radiators, and a second jumper which connects top sides of all the bottom radiators.
APP
Utility
Broad Band Monopole Antenna
29 Jul 20
A broad band monopole antenna may include a planar electrically conductive base surface arranged horizontally, a planar polygonal shaped antenna element arranged vertically spaced above the base surface by a distance (D), and a planar polygonal shaped ground plane arranged vertically between the base surface and said antenna element.
GRANT
Utility
Method and apparatus for multiplexing several antenna subsystem signals onto a single RF coaxial cable
22 Jun 20
A single cable interface for operably coupling a radio to an antenna may include a radio interface operably coupled to the radio, an antenna interface operably coupled to the antenna, and a single RF coaxial cable extending between the radio interface and the antenna interface.
Transcripts
2020 Q4
Earnings call transcript
22 Dec 20
2020 Q3
Earnings call transcript
26 Aug 20
2020 Q2
Earnings call transcript
27 May 20
2020 Q1
Earnings call transcript
26 Feb 20
2019 Q4
Earnings call transcript
17 Dec 19
2019 Q3
Earnings call transcript
28 Aug 19
2019 Q2
Earnings call transcript
29 May 19
2019 Q1
Earnings call transcript
27 Feb 19
2018 Q4
Earnings call transcript
18 Dec 18
2018 Q3
Earnings call transcript
28 Aug 18
Reddit threads
Daily Discussion Thread - February 23rd, 2021
23 Feb 21
Daily Discussion Thread - February 22nd, 2021
22 Feb 21
Daily Discussion Thread - January 6th, 2021
6 Jan 21
Daily Discussion Thread - January 5th, 2021
5 Jan 21
Daily Discussion Thread - January 4th, 2021
4 Jan 21
Daily Discussion Thread - December 21st, 2020
21 Dec 20
Daily Discussion Thread - December 18th, 2020
18 Dec 20
TransDigm Group - the best way to get exposure to air travel with a monopolistic compounder
11 Nov 20
First Time Investing, Did I get off to a good start?
11 Jun 20