HEICOHEI
Market Cap: $34.6B
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)
51% more first-time investments, than exits
New positions opened: 92 | Existing positions closed: 61
16% more capital invested
Capital invested by funds: $7.45B [Q1] → $8.63B (+$1.19B) [Q2]
11% more call options, than puts
Call options by funds: $23M | Put options by funds: $20.8M
6% more funds holding
Funds holding: 509 [Q1] → 540 (+31) [Q2]
1% more repeat investments, than reductions
Existing positions increased: 181 | Existing positions reduced: 179
0% more funds holding in top 10
Funds holding in top 10: 6 [Q1] → 6 (+0) [Q2]
0.68% less ownership
Funds ownership: 71.24% [Q1] → 70.56% (-0.68%) [Q2]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Deutsche Bank Scott Deuschle 78% 1-year accuracy 25 / 32 met price target | 9%upside $271 | Buy Maintained | 4 Sept 2024 |
Truist Securities Michael Ciarmoli 64% 1-year accuracy 37 / 58 met price target | 6%upside $264 | Buy Maintained | 28 Aug 2024 |
RBC Capital Ken Herbert 81% 1-year accuracy 50 / 62 met price target | 9%upside $272 | Outperform Maintained | 28 Aug 2024 |
Baird Peter Arment 76% 1-year accuracy 16 / 21 met price target | 12%upside $280 | Outperform Maintained | 28 Aug 2024 |
Benchmark Josh Sullivan 76% 1-year accuracy 41 / 54 met price target | 2%downside $245 | Buy Reiterated | 27 Aug 2024 |
Financial journalist opinion
Based on 27 articles about HEI published over the past 30 days