We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Are Aerospace Stocks Lagging Heico (HEI) This Year?
Read MoreHide Full Article
Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Has Heico Corporation (HEI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Heico Corporation is a member of the Aerospace sector. This group includes 58 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Heico Corporation is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for HEI's full-year earnings has moved 3.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that HEI has returned about 31.7% since the start of the calendar year. At the same time, Aerospace stocks have gained an average of 27.8%. As we can see, Heico Corporation is performing better than its sector in the calendar year.
Howmet (HWM - Free Report) is another Aerospace stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 64%.
The consensus estimate for Howmet's current year EPS has increased 3.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Heico Corporation belongs to the Aerospace - Defense Equipment industry, a group that includes 33 individual companies and currently sits at #144 in the Zacks Industry Rank. On average, stocks in this group have gained 28% this year, meaning that HEI is performing better in terms of year-to-date returns.
Howmet, however, belongs to the Aerospace - Defense industry. Currently, this 24-stock industry is ranked #53. The industry has moved +27.8% so far this year.
Heico Corporation and Howmet could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Aerospace Stocks Lagging Heico (HEI) This Year?
Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Has Heico Corporation (HEI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Heico Corporation is a member of the Aerospace sector. This group includes 58 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Heico Corporation is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for HEI's full-year earnings has moved 3.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that HEI has returned about 31.7% since the start of the calendar year. At the same time, Aerospace stocks have gained an average of 27.8%. As we can see, Heico Corporation is performing better than its sector in the calendar year.
Howmet (HWM - Free Report) is another Aerospace stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 64%.
The consensus estimate for Howmet's current year EPS has increased 3.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Heico Corporation belongs to the Aerospace - Defense Equipment industry, a group that includes 33 individual companies and currently sits at #144 in the Zacks Industry Rank. On average, stocks in this group have gained 28% this year, meaning that HEI is performing better in terms of year-to-date returns.
Howmet, however, belongs to the Aerospace - Defense industry. Currently, this 24-stock industry is ranked #53. The industry has moved +27.8% so far this year.
Heico Corporation and Howmet could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.