2024-03-12 18:27:02 ET
Summary
- HEI is rated as a buy due to its growth potential in the aerospace industry and the expansion of its SKU range through the acquisition of Wencor.
- HEI operates in two segments: Flight Support Group and Electronic Technologies Group, offering aftermarket parts and defense components.
- Strong organic growth is expected in the FSG segment due to increased air travel and the aging of aircraft, while margin expansion is anticipated in the ETG segment.
Investment overview
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HEICO Corporation: Strong Demand Outlook