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BUY
Heroux-Devtek Inc.

Very strong Canadian company that doesn't get enough attention from the markets. Last quarter starting to prove business prospects. Landing gear in very high demand within airline sector. Trading at discount to other names in the sector. Very high barriers to entry within the business. Margins continue to expand - will be good for cash flow. Balance sheet very strong with cheap valuation. 

misc industrial products
PAST TOP PICK
Heroux-Devtek Inc.
(A Top Pick Apr 20/21, Down 17%) Good space and good management team let you stick with it for the long term. Best days are still ahead. Once work for Airbus and Boeing comes back, cashflow will be massive.
misc industrial products
BUY
Heroux-Devtek Inc.
Has done a fantastic job. In the top 5 of navigating the pandemic. Landing gear and aerospace business. Commercial business is slowly ramping up now. Should see a string of earnings beat in the next few quarters. The margin expansion will be good. An area of the market he wants to be in. Management can execute. Continues to buy back stock.
misc industrial products
PAST TOP PICK
Heroux-Devtek Inc.
(A Top Pick Jun 30/21, Up 5%) Well-operated within aerospace. They make landing gear. With airline traffic coming back, it'll help HRX, while their defence business helped it withstand the pandemic. It trades at a big discount to peers. He expects them to make another acquisition sometime. A good capital builder and allocator. They focus on a niche, and he expects personal travel to rebound with business travel to follow in the next few quarters. It remains a core position for him.
misc industrial products
WEAK BUY
Heroux-Devtek Inc.
They make landing gear in one of their divisions. They are taking business from the old supplier. They make niche products for the aerospace industry. There is a lot of volatility to it. As the airline business recovers over the next 3 to 5 years this company will make some money. The management team is well invested in the story.
misc industrial products
TOP PICK
Heroux-Devtek Inc.
Canadian-based aerospace, in both defence and commercial. Commercial came under pandemic pressure, but defence performed well. Last year, it had close to record profitability and strong free cashflow, using it to reduce debt. Steady and quality business. A reopening play. Discounted valuation. Well managed, strong balance sheet, chance for acquisitions. No dividend. (Analysts’ price target is $21.92)
misc industrial products
BUY
Heroux-Devtek Inc.
Great management team. Stick-handled the pandemic well, by focusing on defense rather than commercial. Commercial production should start to pick up. Trades at massive discount to US defense peers. Generates cash, which will increase when it returns to firing on all cylinders.
misc industrial products
TOP PICK
Heroux-Devtek Inc.
A great time to buy this as the economy is opening up and airlines start to re-hire pilots. The commerical aviation space should improve in coming quarters. HRX did a great job managing 2020 with 68% came from defence, but the stock traded as if 100% came from commercial. Still trades at a discount and generates free cash flow. Boasts 15% EBITDA margins. Things will get better as the year goes on. A screaming buy. (Analysts’ price target is $19.50)
misc industrial products
TOP PICK
Heroux-Devtek Inc.

They execute brilliantly, integrating very well. They produce landing gear for airplanes. They finished absorbing a major acquisition of a Spanish company which got them into Airbus. They also work on the Boeing 777x. The capex and acquisition spend is now done, so they can pay down debt or buy more companies. HRX is one of the most profitable companies in aerospace/defence. But the market hasn't given them the credit in the last quarter, so now is a good time to take advantage of their discount valuation. (Analysts’ price target is $22.71)

misc industrial products
PAST TOP PICK
Heroux-Devtek Inc.

(A Top Pick July 21/16. Down 20.91%.) Earnings have declined and pretty modest growth is being forecast. With their 9% free cash flow yield, it is still a very interesting company.

misc industrial products
TOP PICK
Heroux-Devtek Inc.

A high quality industrial name. Landing gears on planes. They are the #3 producer, but are actually the most profitable in the world. Management team is very well aligned. Valuation is reasonable.

misc industrial products
TOP PICK
Heroux-Devtek Inc.

Designs, manufactures and repairs aerospace industrial components. The stock has moved up significantly recently, partly because they have laid out a ton of CapX in anticipation of a new contract from Boeing (BA-N). On a 4th quarter trailing basis, free cash flow has swung from -4% to a +3.3%. Analysts are forecasting 27% earnings growth. For the March/18 fiscal year that gives you a 15.6X PE, and an attractive .6 PE to growth.

misc industrial products
TOP PICK
Heroux-Devtek Inc.

An aerospace company. Do a lot of landing gear for planes. They have a long history of making very wise allocation of capital, and thinks they are at a point now where they might start to look at doing something else interesting. They just did a lot of work for the Triple7 landing gear for one of the new planes.

misc industrial products
BUY
Heroux-Devtek Inc.

Likes the space. This is a very well run company. A good hold here. Thinks any manufacturer in Canada will do well over the next 5 years.

misc industrial products
BUY
Heroux-Devtek Inc.

Lately has not been very liquid. The breakout was very strong and it was a gap on Jul 17th. Stop is 12.25 but upside is unlimited right now. Use a 100 day moving average as a stop.

misc industrial products
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Heroux-Devtek Inc.(HRX-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Heroux-Devtek Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Heroux-Devtek Inc.(HRX-T) Frequently Asked Questions

What is Heroux-Devtek Inc. stock symbol?

Heroux-Devtek Inc. is a Canadian stock, trading under the symbol HRX-T on the Toronto Stock Exchange (HRX-CT). It is usually referred to as TSX:HRX or HRX-T

Is Heroux-Devtek Inc. a buy or a sell?

In the last year, 1 stock analyst published opinions about HRX-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Heroux-Devtek Inc..

Is Heroux-Devtek Inc. a good investment or a top pick?

Heroux-Devtek Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Heroux-Devtek Inc..

Why is Heroux-Devtek Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Heroux-Devtek Inc. worth watching?

1 stock analyst on Stockchase covered Heroux-Devtek Inc. In the last year. It is a trending stock that is worth watching.

What is Heroux-Devtek Inc. stock price?

On 2024-04-15, Heroux-Devtek Inc. (HRX-T) stock closed at a price of $19.255.