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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
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
VTSI
VIRTRA INC
NASDAQ
Aerospace & Defense
$95.43M$8.59-3.27%$9.80M14.08x0.58
AVAV
AEROVIRONMENT INC
NASDAQ
Aerospace & Defense
$4.65B$165.39-0.33%$111.93M75.52x0.24
CW
CURTISS WRIGHT CORP
NYSE
Aerospace & Defense
$10.75B$280.69-0.99%$651.88M28.73x0.94
NOC
NORTHROP GRUMMAN CORP
NYSE
Aerospace & Defense
$65.06B$439.61-0.13%$4.38B30.55x2.36
GD
GENERAL DYNAMICS CORP
NYSE
Aerospace & Defense
$80.46B$293.270.44%$5.02B23.65x1.58
AXON
AXON ENTERPRISE INC
NASDAQ
Aerospace & Defense
$23.07B$305.67-3.81%$323.60M87.33x0.99
ISSC
INNOVATIVE SOLUTIONS & SUPPORT INC
NASDAQ
Aerospace & Defense
$93.59M$5.35-2.19%$10.29M14.46x0.39
WWD
WOODWARD INC
NASDAQ
Aerospace & Defense
$10.85B$178.03-0.78%$599.54M30.17x0.87
TXT
TEXTRON INC
NYSE
Aerospace & Defense
$17.66B$92.620.60%$1.56B19.58x1.37
OPXS
OPTEX SYSTEMS HOLDINGS INC
NASDAQ
Aerospace & Defense
$55.17M$8.05-1.59%$4.74M15.48x0.45
CVU
CPI AEROSTRUCTURES INC
NYSEMKT
Aerospace & Defense
$30.34M$2.36-2.07%$5.81M1.77x2.14
LHX
L3HARRIS TECHNOLOGIES INC
NYSE
Aerospace & Defense
$45.10B$237.76-0.21%$3.02B38.47x1.24
NPK
NATIONAL PRESTO INDUSTRIES INC
NYSE
Aerospace & Defense
$541.83M$76.34-1.73%$45.28M16.85x0.26
BYRN
BYRNA TECHNOLOGIES INC
NASDAQ
Aerospace & Defense
$222.53M$9.77-2.59%-$313.00k-75.15x0.27
HWM
HOWMET AEROSPACE INC
NYSE
Aerospace & Defense
$32.16B$78.781.18%$1.54B37.88x1.55
LUNR
INTUITIVE MACHINES INC
NASDAQ
Aerospace & Defense
$504.76M$4.05-3.57%-$27.29M3.21x-0.44
VSEC
VSE CORP
NASDAQ
Aerospace & Defense
$1.39B$87.16-1.45%$94.78M53.15x1.18
RGR
STURM RUGER & CO INC
NYSE
Aerospace & Defense
$769.66M$44.23-1.18%$71.26M18.98x0.16
ERJ
EMBRAER SA
NYSE
Aerospace & Defense
$5.38B$29.29-0.07%$684.00M33.28x2.78
MOG.A
MOOG INC
NYSE
Aerospace & Defense
$6.01B$188.12-1.84%$406.12M31.62x1.30
ESLT
ELBIT SYSTEMS LTD
NASDAQ
Aerospace & Defense
$8.10B$182.15-2.23%$561.05M35.58x2.41
HEI
HEICO CORP
NYSE
Aerospace & Defense
$31.02B$224.01-1.30%$847.45M69.79x1.05
RTX
RTX CORP
NYSE
Aerospace & Defense
$138.06B$103.84-1.10%$9.50B40.88x1.62
TATT
TAT TECHNOLOGIES LTD
NASDAQ
Aerospace & Defense
$149.46M$14.400.00%$13.28M22.50x0.52
HXL
HEXCEL CORP
NYSE
Aerospace & Defense
$5.12B$62.65-7.79%$274.60M48.19x0.80
HII
HUNTINGTON INGALLS INDUSTRIES INC
NYSE
Aerospace & Defense
$10.54B$267.210.03%$1.31B15.07x1.71
SWBI
SMITH & WESSON BRANDS INC
NASDAQ
Aerospace & Defense
$705.72M$15.49-0.45%$84.01M18.01x0.45
BWXT
BWX TECHNOLOGIES INC
NYSE
Aerospace & Defense
$9.43B$103.13-0.04%$455.38M37.23x1.95
RKLB
ROCKET LAB USA INC
NASDAQ
Aerospace & Defense
$2.59B$5.26-3.49%-$136.31M-14.22x1.47
DRS
LEONARDO DRS INC
NASDAQ
Aerospace & Defense
$7.33B$27.84-0.46%$331.00M39.21x0.61
CDRE
CADRE HOLDINGS INC
NYSE
Aerospace & Defense
$1.53B$37.71-0.29%$71.82M36.97x1.21
PL
PLANET LABS PBC
NYSE
Aerospace & Defense
$628.07M$2.16-8.86%-$83.91M-4.60x0.35
SPCE
VIRGIN GALACTIC HOLDINGS INC
NYSE
Aerospace & Defense
$134.93M$6.56-8.25%-$417.85M-0.27x1.58
PKE
PARK AEROSPACE CORP
NYSE
Aerospace & Defense
$286.18M$14.13-0.77%$9.80M42.82x0.16
TGI
TRIUMPH GROUP INC
NYSE
Aerospace & Defense
$1.27B$16.51-3.56%$681.70M2.39x-17.15
ASTC
ASTROTECH CORP
NASDAQ
Aerospace & Defense
$14.05M$8.26-2.40%-$10.23M-1.22x0.07
LMT
LOCKHEED MARTIN CORP
NYSE
Aerospace & Defense
$114.21B$476.00-0.01%$10.36B17.35x7.27
CODA
CODA OCTOPUS GROUP INC
NASDAQ
Aerospace & Defense
$75.10M$6.720.60%$4.16M26.88x0.06
DCO
DUCOMMUN INC
NYSE
Aerospace & Defense
$884.45M$60.10-2.28%$80.77M49.26x0.75
TDG
TRANSDIGM GROUP INC
NYSE
Aerospace & Defense
$69.72B$1,245.920.36%$3.52B49.42x-8.12
KTOS
KRATOS DEFENSE & SECURITY SOLUTIONS INC
NASDAQ
Aerospace & Defense
$3.20B$21.30-1.93%$74.70MN/A0.45
AIR
AAR CORP
NYSE
Aerospace & Defense
$2.60B$73.29-1.23%$137.60M43.11x0.73
POWW
AMMO INC
NASDAQ
Aerospace & Defense
$207.38M$1.74-2.79%$380.36k-10.88x0.12
PRZO
PARAZERO TECHNOLOGIES LTD
NASDAQ
Aerospace & Defense
$6.45M$0.64-3.90%-$3.60M-0.83x0.38
AOUT
AMERICAN OUTDOOR BRANDS INC
NASDAQ
Aerospace & Defense
$117.73M$9.13-1.83%$3.74M-9.71x0.35
ATRO
ASTRONICS CORP
NASDAQ
Aerospace & Defense
$736.56M$21.14-5.54%$26.85M-28.19x1.50
ACHR
ARCHER AVIATION INC
NYSE
Aerospace & Defense
$1.56B$4.83-4.73%-$466.10M-2.98x0.35
DPRO
DRAGANFLY INC
NASDAQ
Aerospace & Defense
$10.93M$0.22-3.48%-$16.90M-0.54x19.43
RDW
REDWIRE CORP
NYSE
Aerospace & Defense
$461.67M$7.04-8.57%-$6.15M-9.78x-4.28
AULT
AULT ALLIANCE INC
NYSEMKT
Aerospace & Defense
$8.69M$0.29-10.25%-$116.81M-0.00x3.97
EH
EHANG HOLDINGS LTD
NASDAQ
Aerospace & Defense
$798.16M$13.58-6.92%N/A-21.83x1.78
MRCY
MERCURY SYSTEMS INC
NASDAQ
Aerospace & Defense
$1.92B$32.36-3.26%-$63.19M-13.83x0.62
SATL
SATELLOGIC INC
NASDAQ
Aerospace & Defense
$111.53M$1.242.07%-$33.65M-1.82x0.48
MNTS
MOMENTUS INC
NASDAQ
Aerospace & Defense
$9.61M$0.58-2.03%-$64.60M-0.02x5.48
BA
BOEING CO
NYSE
Aerospace & Defense
$110.64B$180.23-2.49%$2.36B-50.91x-8.91
VVX
V2X INC
NYSE
Aerospace & Defense
$1.62B$51.47-1.30%$231.69M-395.92x2.16
SIDU
SIDUS SPACE INC
NASDAQ
Aerospace & Defense
$11.29M$2.70-6.25%-$13.17M-0.17x0.48
SKYH
SKY HARBOUR GROUP CORP
NYSEMKT
Aerospace & Defense
$646.18M$9.69-0.41%-$23.30M-7.18x6.08
LLAP
TERRAN ORBITAL CORP
NYSE
Aerospace & Defense
$175.18M$0.87-5.45%-$88.67M-1.08x-1.93
EVEX
EVE HOLDING INC
NYSE
Aerospace & Defense
$961.64M$3.57-7.03%-$124.16M-7.93x0.62
AIRI
AIR INDUSTRIES GROUP
NYSEMKT
Aerospace & Defense
$11.64M$3.50-1.96%$2.61M-5.22x2.46
SIF
SIFCO INDUSTRIES INC
NYSEMKT
Aerospace & Defense
$20.51M$3.310.70%-$184.00k-2.25x2.51
KWE
KWESST MICRO SYSTEMS INC
NASDAQ
Aerospace & Defense
$2.99M$0.39-7.94%-$6.10M-0.31x8.15
CAE
CAE INC
NYSE
Aerospace & Defense
$5.92B$18.61-2.51%$148.18M-26.85x1.31
SPR
SPIRIT AEROSYSTEMS HOLDINGS INC
NYSE
Aerospace & Defense
$4.09B$35.05-1.68%-$273.80M-4.17x-7.05
AZ
A2Z SMART TECHNOLOGIES CORP
NASDAQ
Aerospace & Defense
$36.67M$0.891.02%-$8.06M-4.26x1.71
LOAR
LOAR HOLDINGS INC
NYSE
Aerospace & Defense
$4.98B$55.57-0.45%N/AN/A1.51
ASTR
ASTRA SPACE INC
NASDAQ
Aerospace & Defense
$12.34M$0.54-2.00%-$81.79M-0.11x-3.32
SHMD
SCHMID GROUP NV
NASDAQ
Aerospace & Defense
$44.65M$4.41-7.55%-$2.61M-6.30x-1.03
EVTL
VERTICAL AEROSPACE LTD
NYSE
Aerospace & Defense
$198.02M$0.90-1.10%-$76.65M-2.28x-2.69
HOVR
NEW HORIZON AIRCRAFT LTD
NASDAQ
Aerospace & Defense
$10.91M$0.603.28%N/AN/A-1.42
LILM
LILIUM NV
NASDAQ
Aerospace & Defense
$514.47M$0.980.62%-$266.34M-1.27x7.42
KITT
NAUTICUS ROBOTICS INC
NASDAQ
Aerospace & Defense
$8.05M$0.13-0.77%-$28.96M-0.15x-1.75

Defense Stocks FAQ

What are the best defense stocks to buy right now in Jul 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 61, which is 32 points higher than the defense industry average of 29. It passed 20 out of 33 due diligence checks and has strong fundamentals. Virtra has seen its stock return 13.03% over the past year, underperforming other defense stocks by -4 percentage points.

Virtra has an average 1 year price target of $17.50, an upside of 103.73% from Virtra's current stock price of $8.59.

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. Aerovironment (NASDAQ:AVAV)


Aerovironment (NASDAQ:AVAV) is the second best defense stock with a Zen Score of 56, which is 27 points higher than the defense industry average of 29. It passed 19 out of 33 due diligence checks and has strong fundamentals. Aerovironment has seen its stock return 76.36% over the past year, overperforming other defense stocks by 59 percentage points.

Aerovironment has an average 1 year price target of $202.00, an upside of 22.14% from Aerovironment's current stock price of $165.39.

Aerovironment stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Aerovironment, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Curtiss Wright (NYSE:CW)


Curtiss Wright (NYSE:CW) is the third best defense stock with a Zen Score of 56, which is 27 points higher than the defense industry average of 29. It passed 21 out of 38 due diligence checks and has strong fundamentals. Curtiss Wright has seen its stock return 48.65% over the past year, overperforming other defense stocks by 31 percentage points.

Curtiss Wright has an average 1 year price target of $304.50, an upside of 8.48% from Curtiss Wright's current stock price of $280.69.

Curtiss Wright stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Curtiss Wright, 50% have issued a Strong Buy rating, 25% 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 18 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 5.89%, which is 4 percentage points higher than the defense industry average of 1.5%. 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 3.54%, which is 2 percentage points higher than the defense industry average of 1.5%. 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 151.5% 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 3.16%, which is 2 percentage points higher than the defense industry average of 1.5%.

Smith & Wesson Brands's dividend payout ratio of 55.8% indicates that its dividend yield is sustainable for the long-term.

Why are defense stocks down?

Defense stocks were down -0.81% in the last day, and up 1.18% over the last week. Hexcel was the among the top losers in the aerospace & defense industry, dropping -7.79% yesterday.

Hexcel shares are trading lower after the company missed Q2 revenue estimates and lowered its FY24 outlook.

What are the most undervalued defense stocks?

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

1. Innovative Solutions & Support (NASDAQ:ISSC)


Innovative Solutions & Support (NASDAQ:ISSC) is the most undervalued defense stock based on WallStreetZen's Valuation Score. Innovative Solutions & Support has a valuation score of 86, which is 69 points higher than the defense industry average of 17. It passed 6 out of 7 valuation due diligence checks.

Innovative Solutions & Support's stock has dropped -28.95% in the past year. It has underperformed other stocks in the defense industry by -46 percentage points.

2. Cpi Aerostructures (NYSEMKT:CVU)


Cpi Aerostructures (NYSEMKT:CVU) is the second 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 -40.1% in the past year. It has underperformed other stocks in the defense industry by -57 percentage points.

3. Optex Systems Holdings (NASDAQ:OPXS)


Optex Systems Holdings (NASDAQ:OPXS) is the third most undervalued defense stock based on WallStreetZen's Valuation Score. Optex Systems Holdings has a valuation score of 43, which is 26 points higher than the defense industry average of 17. It passed 3 out of 7 valuation due diligence checks.

Optex Systems Holdings's stock has gained 130.66% in the past year. It has overperformed other stocks in the defense industry by 114 percentage points.

Are defense stocks a good buy now?

58% of defense stocks rated by analysts are a strong buy right now. On average, analysts expect defense stocks to rise by 12.81% 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 22.26x.
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.