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Investing.com - Truist Securities raised its price target on HEICO (NYSE:HEI) to $366.00 from $352.00 on Tuesday, while maintaining a Buy rating on the aerospace and electronics company. The stock, currently trading near its 52-week high of $338.92, has shown impressive momentum with a 34.29% return over the past six months. According to InvestingPro analysis, HEICO appears to be trading above its Fair Value.
The price target increase follows HEICO’s fiscal third-quarter 2025 results, with Truist highlighting two key factors supporting its long thesis: undiminished organic growth in the Flight Support Group (FSG) and FSG margins reaching new highs.
Truist has increased its FSG operating margin forecasts for fiscal years 2025 and 2026, noting that margins exceeding 25% appear likely within the next 12-18 months.
From a revenue perspective, the firm cited strong aftermarket demand trends, price realization, and increasing demand from global defense markets as factors that should enable high single-digit to low double-digit revenue growth through fiscal year 2026.
HEICO operates through two segments: the Flight Support Group, which provides aircraft replacement parts and repair services, and the Electronic Technologies Group, which manufactures electronic components for aerospace, defense, and other industries.
In other recent news, Heico Corporation has reported impressive fiscal third-quarter results, exceeding analyst expectations. The company achieved earnings per share (EPS) of $1.26, surpassing the projected $1.12, which represents a 12.5% surprise. Heico’s revenue reached $1.15 billion, beating the anticipated $1.11 billion and marking a 16% year-over-year growth. Stifel, a financial services firm, responded to these strong results by raising its price target for Heico to $360 from $352 and maintained a Buy rating. The firm’s analyst, Jonathan Siegmann, highlighted that Heico’s sales exceeded Street estimates by 2.7%. These developments have garnered positive attention from investors and analysts alike.
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