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Is Heico Stock a Buy?

TheMotleyFool

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In a difficult year for commercial aerospace stocks, Heico (NYSE: HEI) has been a relative outperformer. The stock is down 17% year to date, ten percentage points better than the iShares U.S. Aerospace & Defense ETF and 30 percentage points better than Boeing (NYSE: BA).

Heico's unique product mix has allowed it to hold up better than most as the COVID-19 pandemic weighed on global travel demand and caused airlines to cut costs. Wall Street has noticed, with Heico valued at more than 6 times sales compared to Boeing's 1.4 times sales valuation.