HEICO (HEI) Beats Earnings on Strong Aerospace Demand

HEICO Corporation (NYSE:HEI) ranks among the best stocks with the most insider ownership to buy now. Following a review of HEICO Corporation (NYSE:HEI)’s 10-Q filing, Jefferies reiterated its Buy rating and $400 price target for the company’s shares on March 5. The company announced earnings per share of $1.35, exceeding the forecast of $1.27. Meanwhile, revenue totaled $1.18 billion, slightly higher than expected. During the earnings call, management highlighted its solid performance, especially in the engine business.

HEICO’s Flight Support Group achieved balanced organic growth, with Parts sales up 13% and Repair and Overhaul sales rising 13%. At the same time, the Aero and Other Electronics segments drove an increase in the company’s Electronic Technologies Group, while Defense & Space revenues were flat.

Closed on January 28, the company’s Axillon acquisition, with $125 million in revenue, was valued at $441 million, or 3.5 times enterprise value to sales.

HEICO Corporation (NYSE:HEI) is a leader in electronics and aerospace that manufactures products for use in spacecraft, airplanes, defense systems, medical devices, and telecommunications equipment.

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