While major companies such as Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA) have hogged much of the financial spotlight in the aerospace and defense sectors, they have been outdone by smaller rivals boasting impressive growth records. Heico (NYSE: HEI), a Florida-based aerospace company with a market cap of $16.55 billion, recently reported its Q3 financial results to shareholders, which handily beat analyst estimates.
As one of the most impressive aerospace companies in the market right now, Heico has garnered a reputation as a hot stock for good reason. In 2019, Heico's stock has surged by 89.3%, far outperforming the S&P 500 which is up only 15% during the same period. It's even trouncing well-performing industry benchmarks, such as the iShares Dow Jones US Aerospace & Defense ETF which is up just 25.8% so far this year.
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