HEICO
About: Heico is an aerospace and defense supplier that focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other categories. It operates as two segments: the flight support group,or FSG, and the electronic technologies group, or ETG, both of which supply the aerospace and defense sectors to different degrees. The company is persistently acquisitive, focusing on companies in similar or adjacent markets that are generating strong cash flow with the potential for growth.
Employees: 9,600
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
58% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 59
17% more funds holding in top 10
Funds holding in top 10: 6 [Q1] → 7 (+1) [Q2]
17% more capital invested
Capital invested by funds: $7.45B [Q1] → $8.68B (+$1.23B) [Q2]
11% more call options, than puts
Call options by funds: $23M | Put options by funds: $20.8M
7% more funds holding
Funds holding: 510 [Q1] → 544 (+34) [Q2]
1% more repeat investments, than reductions
Existing positions increased: 181 | Existing positions reduced: 180
0.3% less ownership
Funds ownership: 71.3% [Q1] → 70.99% (-0.3%) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Truist Securities Michael Ciarmoli 72% 1-year accuracy 34 / 47 met price target | 11%upside $282 | Buy Maintained | 18 Oct 2024 |
Morgan Stanley Kristine Liwag 89% 1-year accuracy 17 / 19 met price target | 4%upside $265 | Equal-Weight Maintained | 18 Oct 2024 |
UBS Gavin Parsons 58% 1-year accuracy 7 / 12 met price target | 9%upside $277 | Neutral Initiated | 15 Oct 2024 |
B of A Securities Ronald Epstein 71% 1-year accuracy 17 / 24 met price target | 12%upside $285 | Buy Maintained | 19 Sept 2024 |
Deutsche Bank Scott Deuschle 86% 1-year accuracy 25 / 29 met price target | 7%upside $271 | Buy Maintained | 4 Sept 2024 |
Financial journalist opinion
Based on 8 articles about HEI published over the past 30 days
