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Heico Corp - Stock Quote HEI

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Morningstar's Heico Corp Stock Analysis

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Heico Rides Tailwinds From Increased Flight Activity in Fiscal Second Quarter

Burkett Huey, CFA Equity Analyst

Analyst Note

| Burkett Huey, CFA |

Narrow-moat-rated Heico posted record operating income as increased global flight activity drove demand for aircraft maintenance, repair, and overhaul. Sales of $539 million and earnings per share of $0.62 beat FactSet consensus by 1.4% and 1.1%, respectively. After adjusting our model for fiscal second-quarter earnings, we are increasing our fair value estimate for Heico to $97 per share from $96.

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Key Statistics - HEI

Heico Corp's Company Profile

Business Description

Heico is an aerospace and defense supplier that primarily 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 parts for aircraft, primarily within the engine. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other things. The company is highly acquisitive, focusing on companies that are generating strong cash flow with the potential for growth.

3000 Taft Street
Hollywood, FL, 33021
T +1 954 987-4000
Industry Aerospace & Defense
Most Recent Earnings Apr 30, 2022
Fiscal Year End Oct 31, 2021
Stock Type Cyclical
Employees 5,600