NEW YORK ( TheStreet) -- Heico Corporation (NYSE: HEI) hit a new 52-week high Tuesday as it traded at $59.02 compared with its previous 52-Week high of $59. Heico is changing hands at $58.93 with 69,031 shares traded as of 12:05 p.m. ET. Average volume has been 108,900 shares over the past 30 days.

Heico has a market cap of $757.2 million and is part of the industrial goods sector and aerospace/defense industry. Shares are up 10.7% year to date as of the close of trading on Monday.

HEICO Corporation, through its subsidiaries, engages in the design, manufacture, and sale of aerospace, defense, and electronics related products, as well as in the provision of related services in the United States and internationally. The company has a P/E ratio of 32, equal to the average aerospace/defense industry P/E ratio and above the S&P 500 P/E ratio of 17.5.

TheStreet Ratings rates Heico as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Heico Ratings Report.

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