Shares of Heico Corporation (NYSE:HEI) traded today at $159.71, eclipsing its 52-week high. So far today approximately 76,000 shares have been exchanged, as compared to an average 30-day volume of 307,000 shares.
Heico is an aerospace and defense supplier that primarily focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement parts for aircraft, primarily within the engine. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other things. The company is highly acquisitive, focusing on companies that are generating strong cash flow with the potential for growth.
Heico Corporation share prices have moved between a 52-week high of $159.71 and a 52-week low of $122.94 and are now trading 28% above that low price at $157.41 per share.
Based on a current price of $157.41, Heico Corporation is currently 9.7% above its average consensus analyst price target of $142.10.
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