5 Best Aerospace and Defense Stocks to Buy

4. HEICO Corporation (NYSE:HEI)

Number of Hedge Fund Holders: 49

Hollywood, Florida-based HEICO Corporation (NYSE:HEI) is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications, and electronics industries.

HEICO Corporation (NYSE:HEI) has grown rapidly with intermittent acquisitions to bolster its product offerings. On May 15, the company announced that it had agreed to acquire Wencor Group from Warburg Pincus LLC and Wencor’s management in a cash and stock transaction valued at $2.05 billion.

On June 13, BofA analyst Ronald Epstein raised the price target on HEICO Corporation (NYSE:HEI) shares to $220 from $190 and maintained a ‘Neutral’ rating for the shares. This represents a potential upside of nearly 25%, based on the share price as of July 3.

HEICO Corporation (NYSE:HEI) was a common component of the portfolios of 49 hedge funds out of the 943 tracked by Insider Monkey. Notable investors included Giverny Capital, Select Equity Group, and Citadel Investment Group, among others.