HEICO Corp Class A

HEI.A

Market cap $33.8B

HEI tops fiscal Q2 EPS and sales estimates as net sales rose 25.3% to $1.38 billion, margins widen to 25.5%, and record net income hits $233.8 million.

Spirit Airlines is on the brink of collapse and is warning of possible liquidation. If Spirit disappears, travelers are likely to feel the impact quickly.

NASHVILLE, Tenn., April 13, 2026 /PRNewswire/ -- XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Sherwood Avionics and Accessories, Inc. ("Sherwood Aviation") on its acquisition by HEICO Corporation (NYSE: HEI.A and NYSE: HEI) through its Flight Support Group.

HEICO has underperformed its peers, but current share prices offer a more attractive entry point for long-term investors. HEI's premium valuation is justified by its proven inorganic growth strategy and ability to integrate acquisitions, especially as industry valuations soften. Despite near-term demand risks, HEI's diversified revenue mix and exposure to defense and PMA parts provide resilience against commercial aerospace headwinds.

HEICO is upgraded from hold to buy, with a new price target of $396.68, reflecting 19% upside potential. HEI demonstrates robust organic and inorganic growth, with Q4 revenues up 19.3% and significant margin improvements, especially in the Flight Support Group. Growth is driven by strong aftermarket demand, PMA parts, successful M&A integrations, and favorable end-market trends in both commercial aerospace and defense.

I've consistently struggled with HEICO's circa-60 P/E ratio. This is aftermarket aircraft parts. That's a nice business. But it's not like AI. HEI cites growth rates in the 15%-20% as being aspirational. It may achieve or sometimes top that range. But it won't hang its head if it occasionally undershoots. Business now is presently strong, as usual for HEI. But I still don't see enough growth to support its P/E.

The Pentagon reportedly wants to its missile suppliers to double or even quadruple production.

HEICO Corporation HEI will release earnings results for the third quarter, after the closing bell on Monday, Aug. 25.

HEICO Corporation HEI will release earnings results for the third quarter, after the closing bell on Monday, Aug. 25.

Electronics manufacturer Heico Corporation (HEI) up 155.6% since first outlier signal in 2019.