12 Best Growth Stocks to Invest In According to Analysts

2. Heico Corporation (NYSE:HEI)

Number of Hedge Fund Holders: 67

Upside Potential as of February 19: 56.05%

Heico Corp. (NYSE:HEI) is an aerospace, defense, and electronics company that delivers mission-critical products and services worldwide. Operating through its Flight Support Group and Electronic Technologies Group, it provides everything from aircraft component replacements and repair services to sophisticated electro-optical and electronic solutions. It serves both commercial and government sectors.

The company’s Flight Support Group (FSG) achieved record quarterly net sales of $691.8 million in Q4 2024, which was a 15% year-over-year increase. This surge was fueled by the successful integration of acquisitions, particularly Wencor. Wencor is a company that provides aftermarket parts and repair services for the aerospace industry. Operating income for the FSG jumped by 35% which reflected the heightened demand for commercial aviation products and services, as well as the expansion of its defense sector offerings.

The company’s strategic approach of operating Wencor as a standalone business has proven highly effective and has fostered cooperation and synergy without consolidation. Heico Corp. (NYSE:HEI) is now focused on expanding its market penetration, developing new products and services, and maintaining financial strength. Its emphasis on providing cost-effective solutions to both commercial and government clients positions it for sustained growth and profitability.