Is Heico (HEI) Stock Outpacing Its Aerospace Peers This Year?

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.One Big Gain, Every Trading DayTo help you take full advantage of this market, you’re invited to access every stock recommendation in all our private portfolios - for just $1.Zacks private portfolio services that closed 256 double and triple-digit winners in 2024 alone. That’s about one big gain every day the market was open. Of course, not all our picks are winners, but members have seen recent gains as high as +627% +1,340%, and +1,708%.Imagine how much you could profit with a steady stream of real-time picks from all our services that cover a number of strategies to suit a variety of investing and trading styles.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Heico Corporation (HEI): Free Stock Analysis Report Woodward, Inc. (WWD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks