Heico Corporation (NYSE:HEI.A) hit a new 52-week high Friday as it changed hands at $43 compared with its previous 52-week high of $42.85. Heico is currently trading at $42.98 with 14,205 shares changing hands as of 10:56 a.m.
NEW YORK ( TheStreet) -- Heico Corporation (NYSE: HEI.A) hit a new 52-week high Friday as it traded at $43 compared with its previous 52-Week high of $42.85. Heico is changing hands at $42.98 with 14,205 shares traded as of 10:56 a.m. ET. Average volume has been 53,700 shares over the past 30 days. Heico has a market cap of $841.5 million and is part of the industrial goods sector and aerospace/defense industry. Shares are up 14.2% year to date as of the close of trading on Thursday. 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 23.8, above the S&P 500 P/E ratio of 16.
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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. See all 52-week high stocks or get investment ideas from our investment research center.