HEICO (HEI)

• Market cap: $33.3B
• 1 day: 0.21%
• 5 days: 0.73%
• 1 month: -12.80%
• 3 months: -7.92%
• 6 months: 6.77%
• Year to date: 35.25%
• 1 year: 33.56%
• 5 years: 108.46%
• 10 years: 657.19%
• Sector: Industrials
• Industry: Aircraft Engines & Engine Parts

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 and profitable growth potential.

Employees: 9,600

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

62% more first-time investments, than exits

New positions opened: 81 | Existing positions closed: 50

60% more call options, than puts

Call options by funds: $55.2M | Put options by funds: $34.5M

11% more capital invested

Capital invested by funds: $8.89B [Q2] → $9.83B (+$934M) [Q3]

6% more funds holding

Funds holding: 544 [Q2] → 575 (+31) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 7 [Q2] → 7 (+0) [Q3]

4.15% less ownership

Funds ownership: 72.68% [Q2] → 68.53% (-4.15%) [Q3]

17% less repeat investments, than reductions

Existing positions increased: 170 | Existing positions reduced: 205

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $265 10% upside
• Avg. target: $273 13% upside
• High target: $282 17% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Deutsche Bank Scott Deuschle 48% 1-year accuracy 16 / 33 met price target	11% upside $266	Buy Maintained	19 Dec 2024
Truist Securities Michael Ciarmoli 66% 1-year accuracy 39 / 59 met price target	17% upside $282	Buy Maintained	18 Oct 2024
Morgan Stanley Kristine Liwag 71% 1-year accuracy 12 / 17 met price target	10% upside $265	Equal-Weight Maintained	18 Oct 2024
UBS Gavin Parsons 56% 1-year accuracy 10 / 18 met price target	15% upside $277	Neutral Initiated	15 Oct 2024