NEW YORK ( TheStreet) -- Heico Corporation (NYSE: HEI) hit a new 52-week high Thursday as it is currently trading at $58.22, above its previous 52-week high of $57.98 with 138,065 shares traded as of 12:10 p.m. ET. Average volume has been 231,400 shares over the past 30 days.

Heico has a market cap of $2.3 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 34.9% year to date as of the close of trading on Wednesday.

HEICO Corporation, through its subsidiaries, engages in the design, manufacture, and sale of aerospace, defense, and electronic related products and services in the United States and internationally. The company has a P/E ratio of 32.7, equal to the average aerospace/defense industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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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. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Heico Ratings Report.

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