|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||71.60 - 73.20|
|52 Week Range||45.07 - 75.85|
|PE Ratio (TTM)||36.03|
|Dividend & Yield||0.16 (0.22%)|
|1y Target Est||N/A|
Aviation parts maker Heico Corp. has agreed to buy Chatsworth, Calif.-based AeroAntenna Technology Inc. for $316.5 million in what it says is its largest acquisition to date. Heico (NYSE: HEI.A, HEI), based in Hollywood, Fla., said it will pay $316.5 million in cash and a $20 million cash earnout payment if AeroAntenna meets its earnings targets. The purchase price also includes about $37 million to compensate the sellers for certain tax elections which will result in a net cash tax benefit to Heico worth at least that amount.
Categories: Yahoo FinanceGet free summary analysis Our analysis is based on comparing HEICO Corp. with the following peers – Esterline Technologies Corporation, Triumph Group, Inc., United Technologies Corporation, Wesco Aircraft Holdings, Inc, SIFCO Industries, Inc. and General Electric Company (ESL-US, TGI-US, UTX-US, WAIR-US, SIF-US and GE-US). HEICO Corp.’s dividend yield is 0.21 percent and its dividend payout ... Read more (Read more...)
Heico Corp., an airplane-parts maker based out of Hollywood that boasts a market value of about $6.5 billion, inked its largest ever acquisition on Friday. Heico (HEI) announced that it has entered into an agreement to buy California-based firm AeroAntenna Technology Inc. for $316.5 million, positioning Heico for continued strength among South Florida’s robust aviation industry. At that point, Heico will pay the purchase price in cash.