Heico Corporation (HEI) Stock Price & How to Invest

HEICO Corporation is a diversified aerospace and defense company best known for making FAA-approved replacement parts for commercial jet engines and aircraft. Its Flight Support Group designs and manufactures aftermarket parts that are functionally equivalent to original equipment manufacturer (OEM) parts but sold at lower prices, plus it repairs and overhauls components. Its Electronic Technologies Group makes specialized electronic, microwave, and electro-optical products for defense, space, medical, and other demanding applications. HEICO makes money by selling parts and services that airlines, MRO shops, and defense primes need on a recurring basis, often tied to aircraft flight hours and fleet aging. The company is controlled by the Mendelson family and has a long record of disciplined, acquisition-driven growth, having bought dozens of niche suppliers over the years. Founded in its current form in the 1950s and headquartered in Hollywood, Florida, HEICO is widely regarded as a high-quality compounder in aerospace.

The numbers have kept compounding through fiscal 2026 (HEICO's year ends October 31). Trailing twelve-month revenue reached about $5.18 billion and net income about $848 million, with an operating margin near 25% and free cash flow of roughly $845 million. In the fiscal third quarter, ended July 31, 2026, revenue grew about 23% year over year and EPS of $1.67 beat the $1.51 consensus; HEICO has topped EPS estimates in each of the last four quarters, including $1.66 against $1.34 in the April quarter. The share price has lagged that record. As of October 16, 2026 HEI closed near $311.99, down about 5.3% year to date and up only about 1.5% over one year, within a 52-week range of roughly $256 to $377. Analysts expect fiscal 2026 EPS of about $6.36 on roughly $5.41 billion of revenue, then about $7.23 in fiscal 2027, and the fiscal fourth-quarter consensus sits near $1.64 of EPS on about $1.43 billion of revenue. In October 2026 the company's co-CEOs and co-chairmen received the Wright Brothers Memorial Award.

HEICO trades at a premium valuation (about 52x trailing and 43x forward earnings as of October 2026) that embeds continued high growth, so any slowdown in commercial air traffic, a deep airline downturn, or a pause in its acquisition pipeline could compress the multiple. Commercial aerospace is cyclical and sensitive to recessions, fuel prices, and shocks like pandemics that ground fleets. Integration risk exists across many small acquisitions, and rising prices for targets could dilute returns. The Electronic Technologies Group depends partly on defense budgets, which can shift with politics. Dual-class share structure concentrates control with the founding family, which some investors view as a governance consideration. Debt of about $2.54 billion against roughly $241 million of cash is modest relative to earnings but tends to rise with each larger acquisition.

20 analysts publish price targets on HEI, averaging $391.70 against a $309.87 price as of October 2026, or +26.4%. The published targets run from $294.00 to $491.00, a moderate spread, and the ratings split 14 buy, 10 hold, 0 sell. Over the last six months there have been 8 raises and 3 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full HEI forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Heico Corporation. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Aftermarket parts moat. HEICO's core advantage is its library of FAA Parts Manufacturer Approval (PMA) certifications, which let it sell cheaper alternatives to OEM jet engine and aircraft parts. The most optimistic published target, $491.00, assumes this works close to its best case.

The case against. HEICO trades at a premium valuation (about 52x trailing and 43x forward earnings as of October 2026) that embeds continued high growth, so any slowdown in commercial air traffic, a deep airline downturn, or a pause in its acquisition pipeline could compress the multiple. The most pessimistic target, $294.00, is roughly what HEI is worth if this bites instead.

Read the full bull and bear case on HEI, including what would have to change to break either one. Walnut is not an investment adviser.

Yes. Heico Corporation (HEI) has had 3 share splits in the last 10 years:

• 5:4 on April 19, 2017, so every share held became 1.25 shares.
• 125:100 on January 18, 2018, so every share held became 1.25 shares.
• 125:100 on June 28, 2018, so every share held became 1.25 shares.

A split changes the share count and the price per share and leaves the value of a holding unchanged. Someone holding $1,000 of HEI the day before the 125:100 split held $1,000 the day after, in more shares at a proportionally lower price. Historical prices from before the date are normally shown split-adjusted, which is why a long-run chart shows no cliff.

Splits matter mainly because they make older price figures confusing to compare by hand, and because a board choosing to split is usually signalling that the price has run up far enough to feel awkward for smaller buyers. Neither is a reason to buy or sell.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Heico Corporation's investor relations page or your broker.

• Revenue (TTM): ~$5.18 billion
• Revenue growth: ~23% year over year in the latest quarter, aided by acquisitions
• Operating margin: ~25%
• Net income (TTM): ~$848 million
• Fiscal Q3 2026 EPS vs estimate: $1.67 vs $1.51
• Trailing / forward P/E: ~52x / ~43x
• Market cap: ~$43.6 billion
• Free cash flow (TTM): ~$845 million
• Dividend yield: ~0.1% (token dividend of about $0.25 a year; capital goes to acquisitions)

HEICO commands one of the highest valuations in aerospace and defense, a function of its consistent double-digit growth, high margins, recurring aftermarket demand, and a long record of value-accretive acquisitions. The premium multiple is the market's way of paying up for a proven compounder; it leaves limited room for execution missteps and has historically compressed mainly during broad market or aerospace downturns. In 2026 the multiple has eased from about 55x to about 52x trailing earnings because profits grew faster than the share price, which was down about 5% year to date in mid-October.

If you want HEI exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

Other names that sit close to HEI: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get HEI exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (XAR, ROKT), which spreads the position across many companies. Or build it into a focused thematic portfolio, so HEI sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where HEI fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

HEICO (HEI) compounds through a durable aftermarket-parts moat plus decades of value-accretive acquisitions of niche aerospace suppliers, with recurring demand tied to aging-fleet flight hours. In a portfolio it behaves as a premium-valuation quality industrial: limited margin for execution error, sensitive to airline cyclicality, with a family dual-class structure as a governance note. As of October 2026 the business is still growing fast (latest-quarter revenue up about 23%) while the shares have drifted lower, trimming the trailing P/E to roughly 52x.

Whether HEI is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is HEI a buy or a sell?, and where the stock could go from here in the HEI stock forecast.

For income investors, whether HEI pays a dividend and how the payout looks is covered in does HEI pay a dividend? And to weigh HEI against a peer, read the full side-by-side comparisons: HEI vs GE and HEI vs RTX.