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 #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) 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.
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Heico Corporation (HEI): Free Stock Analysis Report Howmet Aerospace Inc. (HWM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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