HEICO CORPORATION
In the published model solve dated 2026-Q2, anchored at $336.53, HEICO CORPORATION (HEI) is priced for today's economics sustained for ~7.4 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 18, 2026 from SEC EDGAR filings.
• HEICO makes FAA-approved replacement parts that airlines buy instead of the original manufacturer's, and it describes itself in its filing as ⟦"the largest independent supplier of non-OEM jet engine and aircraft component replacement parts"⟧, a razor-and-blades aftermarket position where the razor is an airframe that stays in service for thirty years or more. • The price is the risk: at roughly 45 times company-wide operating income, buyers are underwriting the current pace of growth to hold f
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721 institutional managers reported holding HEI in 13F filings for the quarter ended 2026-03-31. Together they hold about 29% of the company; the top 10 hold 15%. 85 opened new positions that quarter. Held by BlackRock, Vanguard Group, Capital Group (American Funds), among others. On the short side, 2.7M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (4.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
HEI's share count grew 3.1% over the past five years. It pays a dividend, and has paid one every year in our records (17 and counting), raised 10 years straight; the current rate is $0.23 a share annually. Cash returned over the past three years: $91.46M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at HEI over the trailing three years: 2024: 11 buys totaling $2.03M; 2025: 9 buys totaling $1.42M; 2026: 1 buy totaling $1000k. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
HEI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-31 | -0.5% | -4.5% |
| 2023-12-21 | +1.1% | +11.5% |
| 2024-02-29 | -2.8% | +8.6% |
| 2024-05-31 | -2.0% | +4.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
HEI's latest 8-K filings: 2026-08-25 (items 2.02, 9.01); 2026-07-16 (items 1.01, 2.03, 7.01, 8.01, 9.01); 2026-06-17 (items 1.01, 9.01); 2026-05-27 (items 2.02, 9.01); 2026-03-17 (items 5.07).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 18, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.