Aerospace/defense play Heico has a best possible 99 Composite Rating, putting it in the top 1% of stocks overall. The Composite score combines five separate proprietary ratings into one. The best growth stocks have a Composite Rating of 90 or better.
Additionally, Heico got a fresh rating upgrade Friday when its Relative Strength (RS) Rating rose to 91, up from 86 the day before. The 91 RS Rating shows that Heico stock is in the top 9% for price appreciation over the last 52 weeks.
Heico Posts Mainly Double-Digit Growth Numbers
The strong ratings are tracking along with the company's earnings and revenue growth numbers. EPS growth over the last four quarters ranged from 27% to 39% while revenue growth ranged from 8% to 37% during that period. In its most recent quarter the company reported 27% higher earnings, to $1.12 per share, on a 15% rise in sales to $1.098 billion.
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Among Top 5 In Its Industry
Heico stock on Wednesday gapped up 7.4%, on a 158% surge in volume, to a record high on better than expected earnings. It is now considered extended and out of buy range after clearing a 216.85 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Heico earns the No. 3 rank among its peers in the Aerospace/Defense industry group. Espey Mfg & Elec and Astronics are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
Please follow James DeTar on Twitter @JimDeTar
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