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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
SEC CIK
IRS number
650341002

HEI stock data

(
)

Calendar

25 Feb 21
28 Feb 21
31 Oct 21
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

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
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%

Financial report summary

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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
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

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.