Heroux Devtek Inc T.HRX

Alternate Symbol(s): HERXF

Industrials Aerospace & Defense

Heroux-Devtek Inc. is a Canada-based international manufacturer of aerospace products and landing gear manufacturer. The Company is specialized in the designing, development, manufacture, and repair and overhaul of landing gear, actuation systems and components for the Aerospace market. The Company supplies both the commercial and defense sectors of the Aerospace market with new landing gear systems and components, as well as aftermarket products and services. The Company also manufactures hydraulic systems, fluid filtration systems and electronic enclosures. Approximately 94% of the Company’s sales are outside of Canada, including about 61% in the United States. Its geographic markets include Canada, the United States, the United Kingdom, Spain, Rest of Europe and Other countries.

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Heroux Devtek Inc

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Post by Possibleidiot01on Jun 30, 2021 2:18pm

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Post# 33474087

Colin Stewart on BNN - Top Pick

Heroux-Devtek Inc. (HRX-T)

June 30, 2021

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)

Colin Stewart

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