Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Has Heico Corporation (HEI) 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 #9. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. 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 4.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, HEI has returned 35.6% so far this year. Meanwhile, the Aerospace sector has returned an average of 26.9% on a year-to-date basis. As we can see, Heico Corporation is performing better than its sector in the calendar year.
One other Aerospace stock that has outperformed the sector so far this year is Woodward (WWD). The stock is up 55.3% year-to-date.
Over the past three months, Woodward's consensus EPS estimate for the current year has increased 2.4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Heico Corporation belongs to the Aerospace - Defense Equipment industry, a group that includes 33 individual stocks and currently sits at #89 in the Zacks Industry Rank. This group has gained an average of 28.4% so far this year, so HEI is performing better in this area. Woodward is also part of the same industry.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to Heico Corporation and Woodward as they could maintain their solid performance.
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Heico Corporation (HEI): Free Stock Analysis Report Woodward, Inc. (WWD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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