Heico Corp

HEI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$391.00	Bbydpcz	Syjxcmpjw

Heico Earnings: Despite Slightly Lumpy First Quarter, Fair Value Estimate Unchanged

Nicolas Owens

Feb 27, 2024

Heico's fiscal 2024 first-quarter operating margins came in lower than we anticipated but, having reviewed our long-term forecasts and incorporated management's discussion of how their businesses are faring so far this year, we have not changed our $171 per share fair value estimate for the narrow-moat specialty aerospace parts maker.

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