Rowen Bradley K sold $320K of HEI

Heidelberg Materials (HEI) reported strong Q2 2026 revenue and RCO growth, including the first positive volume impact in over four years. The company said M&A activity accelerated and cost and pricing actions offset inflation, but margin pressure persists in Asia and cement. Guidance was narrowed to EUR 3.4–3.65 billion RCO.

Ahead of Q2 earnings, Morgan Stanley kept a constructive view on aerospace and defense, citing resilient commercial demand, improving aircraft production, and durable aftermarket needs. It noted Boeing 737 MAX at 47 aircraft per month. For defense, it argued a $1.1T FY2027 base budget is underestimated. It downgraded Loar and TransDigm, cut CAE and Voyager, and adjusted price targets for multiple firms.

Berkshire Hathaway’s Q1 2026 13F, filed May 15, shows Greg Abel’s first full quarter as CEO. The firm sold stakes in 16 companies and trimmed others, cutting its equity portfolio from about $274B to $263B and holdings from ~40 to 29. It was a net seller, buying ~$16B and selling ~$24B. Full exits included Visa, Mastercard, UnitedHealth, Domino’s, and Amazon; new buys included Delta and Macy’s, and Alphabet was increased.

US Q1 GDP was revised to +1.6% (q/q annualized) from +2.0% expected; Q1 personal consumption was cut to +1.4%, while core PCE rose to a 3-year high of +4.4%. Apr new home sales fell 6.2% m/m to 622k. Stocks rebounded after Axios reported a preliminary US-Iran deal to extend the ceasefire 60 days and begin nuclear talks. Fed hawkishness weighed; markets priced a 3% chance of a 25 bp June cut.

Susquehanna raised its Heico (NYSE:HEI) price target to $365 from $321 and kept a “neutral” rating, implying 6.6% upside from the prior close, according to Benzinga. Other firms recently adjusted targets and ratings, with a consensus target of $360.75. Heico last reported Q1 EPS of $1.66 vs $1.33 expected on $1.38B revenue.

HEICO reported Q1 CY2026 revenue of $1.38 billion, up 25.3% year on year, ahead of Wall Street expectations, according to the company. Non-GAAP earnings were $1.66 per share, 24.2% above analysts’ consensus. Management attributed growth to strong demand in commercial aviation and defense, favorable product mix, operational efficiencies, and contributions from recent acquisitions, while noting some defense sales were pulled forward.