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Best Defense Stocks to Buy Now (2024)
Top defense stocks in 2024 ranked by overall Zen Score. See the best defense stocks to buy now, according to analyst forecasts for the aerospace & defense industry.

Industry: Aerospace & Defense
Ticker
Company
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
VTSI
VIRTRA INC
$101.77M$36.11M$9.80M$6.67M$0.6114.36%15.14%52.50%50.12%
LMT
LOCKHEED MARTIN CORP
$112.85B$69.64B$10.36B$6.78B$27.435.28%4.28%25.25%6.82%2024-07-16
GD
GENERAL DYNAMICS CORP
$82.25B$43.12B$5.02B$3.38B$12.408.09%2.60%0.49%2.02%2024-07-24
HII
HUNTINGTON INGALLS INDUSTRIES INC
$9.98B$11.59B$1.31B$705.00M$17.737.53%6.69%25.04%-0.84%2024-08-01
OPXS
OPTEX SYSTEMS HOLDINGS INC
$53.93M$30.74M$4.74M$3.50M$0.5231.83%4.64%147.62%N/A
ISSC
INNOVATIVE SOLUTIONS & SUPPORT INC
$109.69M$41.00M$10.29M$6.32M$0.3746.14%21.93%32.14%N/A
NOC
NORTHROP GRUMMAN CORP
$66.71B$40.12B$4.38B$2.16B$14.398.13%4.93%-53.60%-5.27%2024-07-25
AXON
AXON ENTERPRISE INC
$21.26B$1.68B$323.60M$262.31M$3.5031.69%31.07%82.29%55.10%
LHX
L3HARRIS TECHNOLOGIES INC
$42.65B$20.16B$3.02B$1.17B$6.1815.66%25.03%27.69%-4.00%2024-07-24
CVU
CPI AEROSTRUCTURES INC
$30.08M$83.53M$5.81M$16.39M$1.33-1.98%1.55%62.20%N/A2024-06-19
CW
CURTISS WRIGHT CORP
$10.83B$2.93B$651.88M$374.16M$9.7711.39%3.69%20.77%8.19%2024-07-31
NPK
NATIONAL PRESTO INDUSTRIES INC
$528.63M$337.16M$45.28M$32.25M$4.53-1.21%1.67%20.80%-1.88%2024-07-29
ESLT
ELBIT SYSTEMS LTD
$8.57B$6.14B$561.05M$226.74M$5.1210.50%9.56%-20.25%1.09%
HXL
HEXCEL CORP
$5.72B$1.80B$266.00M$99.50M$1.199.65%-4.40%-33.52%-18.55%2024-07-22
WWD
WOODWARD INC
$11.36B$3.20B$599.54M$354.85M$5.9023.49%3.31%124.33%7.82%2024-07-29
TXT
TEXTRON INC
$16.71B$13.79B$1.56B$931.00M$4.737.00%0.01%15.65%-0.95%2024-07-25
PL
PLANET LABS PBC
$540.55M$220.70M-$92.06M-$140.51M-$0.5015.39%18.18%N/AN/A2024-07-10
MOG.A
MOOG INC
$5.42B$3.51B$406.12M$189.78M$5.9511.84%4.68%12.26%5.01%
LUNR
INTUITIVE MACHINES INC
$624.41M$134.35M-$27.29M-$28.66M$1.2656.75%N/AN/AN/A
BYRN
BYRNA TECHNOLOGIES INC
$265.79M$50.89M-$3.77M-$6.02M-$0.274.99%193.61%N/AN/A2024-07-09
TATT
TAT TECHNOLOGIES LTD
$156.77M$122.66M$13.28M$6.13M$0.6436.57%7.20%710.13%N/A
RTX
RTX CORP
$143.33B$71.01B$9.50B$3.48B$2.543.56%13.43%-32.63%-17.18%2024-07-23
TGI
TRIUMPH GROUP INC
$1.09B$1.19B$681.70M$512.38M$6.925.44%-18.74%401.45%N/A2024-07-31
PKE
PARK AEROSPACE CORP
$282.33M$53.20M$10.47M$9.51M$0.470.33%3.69%23.68%-19.14%2024-07-17
DRS
LEONARDO DRS INC
$6.20B$2.95B$331.00M$185.00M$0.7111.13%N/A-59.66%N/A
CDRE
CADRE HOLDINGS INC
$1.33B$508.64M$71.82M$38.57M$1.029.34%N/A61.90%N/A
RGR
STURM RUGER & CO INC
$773.31M$531.13M$71.26M$40.95M$2.33-8.22%2.11%-43.17%-3.95%2024-07-31
RKLB
ROCKET LAB USA INC
$2.15B$282.46M-$136.31M-$181.21M-$0.3725.43%N/AN/AN/A2024-06-12
ERJ
EMBRAER SA
$5.10B$5.27B$684.00M$164.00M$0.8816.04%0.77%N/AN/A
BWXT
BWX TECHNOLOGIES INC
$8.42B$2.53B$455.38M$253.23M$2.7711.52%7.56%5.32%5.40%2024-08-01
SPCE
VIRGIN GALACTIC HOLDINGS INC
$355.83M$8.39M-$417.85M-$444.96M-$1.22251.91%12.63%N/AN/A2024-07-30
HEI
HEICO CORP
$30.71B$3.51B$847.45M$443.29M$3.2141.13%12.78%15.47%7.56%
ASTC
ASTROTECH CORP
$16.00M$2.00M-$10.23M-$11.03M-$6.75456.67%88.15%N/AN/A
SWBI
SMITH & WESSON BRANDS INC
$763.32M$521.46M$69.18M$26.34M$0.571.10%-3.85%-56.82%13.70%2024-06-20
KTOS
KRATOS DEFENSE & SECURITY SOLUTIONS INC
$3.26B$1.08B$74.70M-$600.00k$0.0015.91%11.24%N/A-100.00%2024-08-01
HWM
HOWMET AEROSPACE INC
$34.55B$6.86B$1.54B$860.00M$2.0815.47%-0.04%79.31%7.63%2024-07-30
POWW
AMMO INC
$320.38M$148.32M$3.57M-$16.28M-$0.15-31.92%95.73%N/AN/A2024-06-12
VSEC
VSE CORP
$1.31B$913.44M$94.78M$23.41M$1.6430.92%5.76%-32.23%-12.35%2024-06-12
CODA
CODA OCTOPUS GROUP INC
$72.62M$18.22M$3.54M$2.36M$0.21-17.13%-2.55%-50.00%-19.21%2024-06-12
AVAV
AEROVIRONMENT INC
$5.69B$705.78M-$16.74M-$106.85M-$4.4144.89%15.73%N/AN/A
AOUT
AMERICAN OUTDOOR BRANDS INC
$104.10M$197.00M$5.16M-$10.78M-$0.821.08%N/AN/AN/A2024-06-26
TDG
TRANSDIGM GROUP INC
$75.17B$7.30B$3.52B$1.45B$25.2123.86%11.75%50.87%11.44%
ATRO
ASTRONICS CORP
$716.35M$717.74M$26.85M-$25.18M-$0.7524.77%-2.92%N/AN/A2024-08-01
DPRO
DRAGANFLY INC
$13.59M$4.78M-$16.90M-$17.23M-$0.41-11.22%36.83%N/AN/A2024-06-20
ACHR
ARCHER AVIATION INC
$1.06B$0.00-$466.10M-$461.30M-$1.62N/AN/AN/AN/A
BA
BOEING CO
$109.03B$76.44B$2.36B-$2.15B-$3.548.37%-5.36%N/AN/A2024-07-24
RDW
REDWIRE CORP
$337.07M$273.99M-$6.15M-$46.80M-$0.7247.87%N/AN/AN/A
MRCY
MERCURY SYSTEMS INC
$1.84B$839.95M-$63.19M-$135.10M-$2.34-16.87%5.90%N/AN/A
EH
EHANG HOLDINGS LTD
$997.40M$21.71MN/A-$38.48M-$0.62146.61%N/AN/AN/A
SATL
SATELLOGIC INC
$101.14M$10.07M-$33.65M-$61.02M-$0.6867.56%N/AN/AN/A
AULT
AULT ALLIANCE INC
$10.22M$176.82M-$116.81M-$181.07M-$432.6046.07%44.86%N/AN/A2024-06-28
AIR
AAR CORP
$2.51B$2.22B$137.60M$60.40M$1.7015.81%2.46%-33.85%N/A2024-07-16
DCO
DUCOMMUN INC
$856.20M$766.65M$80.77M$17.55M$1.224.98%3.31%-42.72%0.00%2024-08-01
SIDU
SIDUS SPACE INC
$12.00M$4.75M-$13.17M-$14.94M-$15.51-38.78%N/AN/AN/A
VVX
V2X INC
$1.51B$4.03B$231.69M-$3.95M-$0.1319.31%25.70%N/AN/A
LLAP
TERRAN ORBITAL CORP
$185.28M$134.95M-$88.67M-$150.64M-$0.8023.45%N/AN/AN/A
SKYH
SKY HARBOUR GROUP CORP
$684.86M$8.87M-$23.30M-$28.92M-$1.35247.10%N/AN/AN/A
MNTS
MOMENTUS INC
$5.51M$2.19M-$73.97M-$79.26M-$43.701,121.23%N/AN/AN/A2024-06-25
EVEX
EVE HOLDING INC
$1.33B$0.00-$124.16M-$127.18M-$0.45N/AN/AN/AN/A
AZ
A2Z SMART TECHNOLOGIES CORP
$17.92M$6.16M-$8.06M-$8.99M-$0.21-31.61%N/AN/AN/A
AIRI
AIR INDUSTRIES GROUP
$11.57M$53.03M$2.61M-$2.22M-$0.67-1.30%2.66%N/AN/A
KWE
KWESST MICRO SYSTEMS INC
$3.07M$1.00M-$6.10M-$7.16M-$1.2636.82%N/AN/AN/A
SIF
SIFCO INDUSTRIES INC
$19.31M$94.08M-$184.00k-$8.75M-$1.4716.68%-4.04%N/AN/A
SPR
SPIRIT AEROSYSTEMS HOLDINGS INC
$3.53B$6.32B-$273.80M-$951.70M-$8.4119.54%-3.25%N/AN/A2024-07-31
CAE
CAE INC
$5.98B$3.15B$149.26M-$223.53M-$0.708.36%4.86%N/AN/A
ASTR
ASTRA SPACE INC
$14.65M$4.16M-$81.79M-$95.35M-$5.09-23.81%N/AN/AN/A2024-06-07
LOAR
LOAR HOLDINGS INC
$5.11BN/AN/AN/AN/AN/AN/AN/AN/A
LILM
LILIUM NV
$468.66M$0.00-$266.34M-$422.96M-$0.77N/AN/AN/AN/A2024-06-04
EVTL
VERTICAL AEROSPACE LTD
$154.87M$0.00-$76.65M-$75.88M-$0.39N/AN/AN/AN/A
SHMD
SCHMID GROUP NV
$47.59M$0.00-$2.61M-$2.61M-$0.70N/AN/AN/AN/A
HOVR
NEW HORIZON AIRCRAFT LTD
$14.49MN/AN/AN/AN/AN/AN/AN/AN/A
KITT
NAUTICUS ROBOTICS INC
$8.49M$4.25M-$28.96M-$36.13M-$0.86-64.64%N/AN/AN/A

Defense Stocks FAQ

What are the best defense stocks to buy right now in Jun 2024?

According to Zen Score, the 3 best defense stocks to buy right now are:

1. Virtra (NASDAQ:VTSI)


Virtra (NASDAQ:VTSI) is the top defense stock with a Zen Score of 60, which is 32 points higher than the defense industry average of 28. It passed 19 out of 33 due diligence checks and has strong fundamentals. Virtra has seen its stock return 17.29% over the past year, underperforming other defense stocks by -8 percentage points.

Virtra has an average 1 year price target of $17.50, an upside of 91.05% from Virtra's current stock price of $9.16.

Virtra stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Virtra, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Lockheed Martin (NYSE:LMT)


Lockheed Martin (NYSE:LMT) is the second best defense stock with a Zen Score of 52, which is 24 points higher than the defense industry average of 28. It passed 19 out of 38 due diligence checks and has strong fundamentals. Lockheed Martin has seen its stock return 5.93% over the past year, underperforming other defense stocks by -20 percentage points.

Lockheed Martin has an average 1 year price target of $502.75, an upside of 6.89% from Lockheed Martin's current stock price of $470.34.

Lockheed Martin stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Lockheed Martin, 37.5% have issued a Strong Buy rating, 0% have issued a Buy, 62.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. General Dynamics (NYSE:GD)


General Dynamics (NYSE:GD) is the third best defense stock with a Zen Score of 49, which is 21 points higher than the defense industry average of 28. It passed 17 out of 38 due diligence checks and has strong fundamentals. General Dynamics has seen its stock return 46.82% over the past year, overperforming other defense stocks by 21 percentage points.

General Dynamics has an average 1 year price target of $312.92, an upside of 4.39% from General Dynamics's current stock price of $299.77.

General Dynamics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 12 analysts covering General Dynamics, 58.33% have issued a Strong Buy rating, 16.67% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the defense stocks with highest dividends?

Out of 20 defense stocks that have issued dividends in the past year, the 3 defense stocks with the highest dividend yields are:

1. National Presto Industries (NYSE:NPK)


National Presto Industries (NYSE:NPK) has an annual dividend yield of 6.04%, which is 5 percentage points higher than the defense industry average of 1.49%. National Presto Industries's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. National Presto Industries's dividend has shown consistent growth over the last 10 years.

National Presto Industries's dividend payout ratio of 99.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. Park Aerospace (NYSE:PKE)


Park Aerospace (NYSE:PKE) has an annual dividend yield of 3.59%, which is 2 percentage points higher than the defense industry average of 1.49%. Park Aerospace's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Park Aerospace's dividend has shown consistent growth over the last 10 years.

Park Aerospace's dividend payout ratio of 319.1% indicates that its dividend yield might not be sustainable for the long-term.

3. Smith & Wesson Brands (NASDAQ:SWBI)


Smith & Wesson Brands (NASDAQ:SWBI) has an annual dividend yield of 2.86%, which is 1 percentage points higher than the defense industry average of 1.49%.

Smith & Wesson Brands's dividend payout ratio of 80.7% indicates that its dividend yield is sustainable for the long-term.

Why are defense stocks up?

Defense stocks were up 1.34% in the last day, and down -0.33% over the last week.

We couldn't find a catalyst for why defense stocks are up.

What are the most undervalued defense stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued defense stocks right now are:

1. Virtra (NASDAQ:VTSI)


Virtra (NASDAQ:VTSI) is the most undervalued defense stock based on WallStreetZen's Valuation Score. Virtra has a valuation score of 71, which is 54 points higher than the defense industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Virtra's stock has gained 17.29% in the past year. It has underperformed other stocks in the defense industry by -8 percentage points.

2. Innovative Solutions & Support (NASDAQ:ISSC)


Innovative Solutions & Support (NASDAQ:ISSC) is the second most undervalued defense stock based on WallStreetZen's Valuation Score. Innovative Solutions & Support has a valuation score of 71, which is 54 points higher than the defense industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Innovative Solutions & Support's stock has dropped -4.42% in the past year. It has underperformed other stocks in the defense industry by -30 percentage points.

3. Cpi Aerostructures (NYSEMKT:CVU)


Cpi Aerostructures (NYSEMKT:CVU) is the third most undervalued defense stock based on WallStreetZen's Valuation Score. Cpi Aerostructures has a valuation score of 71, which is 54 points higher than the defense industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Cpi Aerostructures's stock has dropped -34.64% in the past year. It has underperformed other stocks in the defense industry by -60 percentage points.

Are defense stocks a good buy now?

60% of defense stocks rated by analysts are a strong buy right now. On average, analysts expect defense stocks to rise by 8.13% over the next year.

What is the average p/e ratio of the aerospace & defense industry?

The average P/E ratio of the aerospace & defense industry is 22.46x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.