HEICO Corporation (HEI-A) Acquires Gables Engineering

HEICO Corporation (NYSE:HEI-A) is one of the Best All-Time High Stocks to Buy According to Analysts. On July 24, HEICO Corporation (NYSE:HEI-A) announced the acquisition of Gables Engineering, which is a company specializing in advanced avionics controls like navigation, audio, and communication panels for aircraft.

The transaction was completed for cash; however, further details of the transaction were not disclosed by the company. Gables Engineering has over 200 employees and is recognized for its innovations in aviation, including the touchscreen cockpit displays for the Boeing 737 MAX. HEICO Corporation (NYSE:HEI-A) expects this move to boost its earnings within a year.

HEICO Corporation (NYSE:HEI-A) is an aerospace and defense company that operates through Flight Support Group and Electronic Technologies Group.

While we acknowledge the potential of HEI-A as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.