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Is Heico (HEI) Stock Outpacing Its Aerospace Peers This Year?
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For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Heico Corporation (HEI - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Heico Corporation is one of 76 companies in the Aerospace group. The Aerospace group currently sits at #2 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Heico Corporation is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for HEI's full-year earnings has moved 8.4% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, HEI has returned 4% so far this year. Meanwhile, the Aerospace sector has returned an average of -1.8% on a year-to-date basis. This means that Heico Corporation is performing better than its sector in terms of year-to-date returns.
Another stock in the Aerospace sector, Howmet (HWM - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 29.2%.
For Howmet, the consensus EPS estimate for the current year has increased 5.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Heico Corporation belongs to the Aerospace - Defense Equipment industry, which includes 36 individual stocks and currently sits at #39 in the Zacks Industry Rank. Stocks in this group have lost about 0.7% so far this year, so HEI is performing better this group in terms of year-to-date returns.
Howmet, however, belongs to the Aerospace - Defense industry. Currently, this 39-stock industry is ranked #150. The industry has moved -2.3% so far this year.
Investors with an interest in Aerospace stocks should continue to track Heico Corporation and Howmet. These stocks will be looking to continue their solid performance.
View the Zacks #1 Rank List
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Is Heico (HEI) Stock Outpacing Its Aerospace Peers This Year?
For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Heico Corporation (HEI - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Heico Corporation is one of 76 companies in the Aerospace group. The Aerospace group currently sits at #2 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Heico Corporation is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for HEI's full-year earnings has moved 8.4% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, HEI has returned 4% so far this year. Meanwhile, the Aerospace sector has returned an average of -1.8% on a year-to-date basis. This means that Heico Corporation is performing better than its sector in terms of year-to-date returns.
Another stock in the Aerospace sector, Howmet (HWM - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 29.2%.
For Howmet, the consensus EPS estimate for the current year has increased 5.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Heico Corporation belongs to the Aerospace - Defense Equipment industry, which includes 36 individual stocks and currently sits at #39 in the Zacks Industry Rank. Stocks in this group have lost about 0.7% so far this year, so HEI is performing better this group in terms of year-to-date returns.
Howmet, however, belongs to the Aerospace - Defense industry. Currently, this 39-stock industry is ranked #150. The industry has moved -2.3% so far this year.
Investors with an interest in Aerospace stocks should continue to track Heico Corporation and Howmet. These stocks will be looking to continue their solid performance.