NEW YORK ( TheStreet) -- Heico Corporation (NYSE: HEI) hit a new 52-week high Tuesday as it is currently trading at $59.49, above its previous 52-week high of $59.45 with 90,354 shares traded as of 2:50 p.m. ET. Average volume has been 232,200 shares over the past 30 days.

Heico has a market cap of $2.5 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 42.9% 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 electronic related products and services in the United States and internationally. The company has a P/E ratio of 35.4, below the average aerospace/defense industry P/E ratio of 35.9 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. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Heico Ratings Report.

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