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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
VTSI
VIRTRA INC
$135.76M$12.22$16.0030.93%Strong Buy2N/AN/AN/AN/A
LHX
L3HARRIS TECHNOLOGIES INC
$39.57B$208.14$237.6014.15%Strong Buy106.79%97.32%N/AN/A
GD
GENERAL DYNAMICS CORP
$79.81B$291.31$304.254.44%Strong Buy86.76%27.52%N/AN/A
HII
HUNTINGTON INGALLS INDUSTRIES INC
$10.87B$274.49$292.506.56%Buy23.41%16.77%N/AN/A
NOC
NORTHROP GRUMMAN CORP
$70.66B$470.98$470.50-0.10%Hold64.93%85.45%N/AN/A
LMT
LOCKHEED MARTIN CORP
$111.48B$461.33$502.338.89%Buy63.64%3.81%N/AN/A
CVU
CPI AEROSTRUCTURES INC
$34.96M$2.72N/AN/AN/AN/AN/AN/AN/AN/A
ISSC
INNOVATIVE SOLUTIONS & SUPPORT INC
$111.39M$6.38N/AN/AN/AN/AN/AN/AN/AN/A
CW
CURTISS WRIGHT CORP
$9.59B$250.95$274.009.19%Strong Buy35.04%0.64%N/AN/A
WWD
WOODWARD INC
$8.94B$148.24$165.1711.42%Buy64.95%-1.67%N/AN/A
OPXS
OPTEX SYSTEMS HOLDINGS INC
$47.15M$6.91N/AN/AN/AN/AN/AN/AN/AN/A
NPK
NATIONAL PRESTO INDUSTRIES INC
$585.70M$82.29N/AN/AN/AN/AN/AN/AN/AN/A
MOG.A
MOOG INC
$4.95B$154.82$151.50-2.14%Buy24.01%18.26%N/AN/A
AXON
AXON ENTERPRISE INC
$22.12B$293.80$326.2511.04%Strong Buy822.33%N/AN/AN/A
ESLT
ELBIT SYSTEMS LTD
$9.01B$202.57N/AN/AN/AN/A5.46%74.39%N/AN/A
PKE
PARK AEROSPACE CORP
$303.19M$14.97N/AN/AN/AN/AN/AN/AN/AN/A
HXL
HEXCEL CORP
$5.20B$62.52$76.1821.85%Hold119.85%78.93%N/AN/A
TXT
TEXTRON INC
$18.08B$93.77$95.631.98%Buy86.04%10.90%N/AN/A
VSEC
VSE CORP
$1.21B$76.43$80.335.11%Strong Buy315.71%N/AN/AN/A
PL
PLANET LABS PBC
$505.68M$1.74$4.35150.00%Strong Buy619.00%N/AN/AN/A
ERJ
EMBRAER SA
$4.44B$24.20$35.8848.24%Strong Buy415.43%60.96%N/AN/A
EH
EHANG HOLDINGS LTD
$1.08B$17.00N/AN/AN/AN/A1,141.20%N/A545.50%194.81%
BWXT
BWX TECHNOLOGIES INC
$8.43B$92.31$97.335.44%Buy35.68%21.19%N/AN/A
BYRN
BYRNA TECHNOLOGIES INC
$282.16M$12.41$16.6333.96%Strong Buy225.51%N/AN/AN/A
SPCE
VIRGIN GALACTIC HOLDINGS INC
$300.83M$0.75$1.69124.47%Sell4130.42%N/AN/AN/A
RGR
STURM RUGER & CO INC
$825.80M$46.75N/AN/AN/AN/AN/AN/AN/AN/A
ASTC
ASTROTECH CORP
$15.76M$9.26N/AN/AN/AN/AN/AN/AN/AN/A
RTX
RTX CORP
$134.75B$101.56$100.00-1.54%Hold89.61%120.79%N/AN/A
SWBI
SMITH & WESSON BRANDS INC
$773.33M$16.99$17.000.06%Strong Buy2N/AN/AN/AN/A
TATT
TAT TECHNOLOGIES LTD
$114.97M$11.38N/AN/AN/AN/AN/AN/AN/AN/A
HWM
HOWMET AEROSPACE INC
$25.82B$62.93$68.228.41%Strong Buy97.98%9.82%N/AN/A
RKLB
ROCKET LAB USA INC
$1.76B$3.59$6.0668.89%Strong Buy454.42%N/AN/AN/A
DRS
LEONARDO DRS INC
$5.50B$20.95$25.0019.33%Strong Buy3N/AN/AN/AN/A
KTOS
KRATOS DEFENSE & SECURITY SOLUTIONS INC
$2.32B$17.83$21.6721.52%Buy69.44%N/AN/AN/A
AIR
AAR CORP
$2.35B$66.22$81.2522.70%Strong Buy48.95%64.59%N/AN/A
CODA
CODA OCTOPUS GROUP INC
$67.04M$6.00N/AN/AN/AN/AN/AN/AN/AN/A
CAE
CAE INC
$5.90B$18.54$30.5064.51%Strong Buy25.86%35.16%N/AN/A
CDRE
CADRE HOLDINGS INC
$1.25B$33.21$41.2524.21%Strong Buy412.13%N/AN/AN/A
RDW
REDWIRE CORP
$245.92M$3.75$5.0033.33%Strong Buy117.93%N/AN/AN/A
HEI
HEICO CORP
$27.59B$199.41$212.606.61%Buy510.63%0.00%N/AN/A
POWW
AMMO INC
$310.89M$2.62N/AN/AN/AN/A6.93%N/AN/AN/A
TDG
TRANSDIGM GROUP INC
$66.78B$1,200.93$1.27k5.58%Strong Buy109.34%-0.94%N/AN/A
LUNR
INTUITIVE MACHINES INC
$629.46M$5.16$11.67126.10%Strong Buy3151.51%N/AN/AN/A
ATRO
ASTRONICS CORP
$563.39M$16.32$18.0010.29%Hold17.70%N/AN/AN/A
AVAV
AEROVIRONMENT INC
$4.21B$149.72$157.004.86%Buy36.31%N/AN/AN/A
KWE
KWESST MICRO SYSTEMS INC
$4.16M$0.74N/AN/AN/AN/AN/AN/AN/AN/A
MRCY
MERCURY SYSTEMS INC
$1.63B$27.52$27.801.02%Sell5-1.38%N/AN/AN/A
DPRO
DRAGANFLY INC
$12.95M$0.26$1.00280.23%Buy168.68%N/AN/AN/A
SPR
SPIRIT AEROSYSTEMS HOLDINGS INC
$3.82B$32.90$33.702.43%Buy1019.57%N/AN/AN/A
AULT
AULT ALLIANCE INC
$8.93M$0.30N/AN/AN/AN/AN/AN/AN/AN/A
DCO
DUCOMMUN INC
$764.71M$52.23$65.6725.73%Strong Buy34.77%N/AN/AN/A
BA
BOEING CO
$104.02B$170.48$225.8232.46%Buy1710.78%N/A-52.24%6.57%
LLAP
TERRAN ORBITAL CORP
$261.65M$1.30$3.67182.08%Buy3110.11%N/AN/AN/A
SATL
SATELLOGIC INC
$108.36M$1.20N/AN/AN/AN/AN/AN/AN/AN/A
SKYH
SKY HARBOUR GROUP CORP
$584.51M$8.80$15.0070.45%Strong Buy1173.24%N/AN/AN/A
VVX
V2X INC
$1.52B$48.55$56.7516.89%Buy44.54%N/AN/AN/A
MNTS
MOMENTUS INC
$3.28M$0.50N/AN/AN/AN/AN/AN/A-5,504.19%-705.43%
SPPL
SIMPPLE LTD
N/A$0.67N/AN/AN/AN/AN/AN/AN/AN/A
ZOOZ
ZOOZ POWER LTD
$34.37M$2.98N/AN/AN/AN/AN/AN/AN/AN/A
ACHR
ARCHER AVIATION INC
$1.22B$3.93$10.00154.45%Strong Buy1N/AN/AN/AN/A
TGI
TRIUMPH GROUP INC
$998.49M$12.99$19.6351.08%Strong Buy83.05%N/AN/AN/A
SIDU
SIDUS SPACE INC
$14.26M$3.41$10.00193.26%Strong Buy1N/AN/AN/AN/A
EVEX
EVE HOLDING INC
$1.39B$5.15$7.0035.92%Hold1N/AN/AN/AN/A
AIRI
AIR INDUSTRIES GROUP
$16.91M$5.10N/AN/AN/AN/AN/AN/AN/AN/A
AZ
A2Z SMART TECHNOLOGIES CORP
$15.36M$0.40N/AN/AN/AN/AN/AN/AN/AN/A
SIF
SIFCO INDUSTRIES INC
$18.60M$3.02N/AN/AN/AN/AN/AN/AN/AN/A
ASTR
ASTRA SPACE INC
$14.54M$0.64N/AN/AN/AN/AN/AN/AN/A-136.40%
KITT
NAUTICUS ROBOTICS INC
$12.48M$0.20N/AN/AN/AN/AN/AN/AN/AN/A
HOVR
NEW HORIZON AIRCRAFT LTD
$41.63M$2.29N/AN/AN/AN/AN/AN/AN/AN/A
LILM
LILIUM NV
$479.19M$0.91N/AN/AN/AN/AN/AN/AN/AN/A
EVTL
VERTICAL AEROSPACE LTD
$168.37M$0.76$1.5097.11%Strong Buy1N/AN/AN/AN/A

Defense Stocks FAQ

What are the best defense stocks to buy right now in Apr 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 58, which is 29 points higher than the defense industry average of 29. It passed 19 out of 33 due diligence checks and has strong fundamentals. Virtra has seen its stock return 129.7% over the past year, overperforming other defense stocks by 125 percentage points.

Virtra has an average 1 year price target of $16.00, an upside of 30.93% from Virtra's current stock price of $12.22.

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. L3harris Technologies (NYSE:LHX)


L3harris Technologies (NYSE:LHX) is the second best defense stock with a Zen Score of 53, which is 24 points higher than the defense industry average of 29. It passed 19 out of 38 due diligence checks and has strong fundamentals. L3harris Technologies has seen its stock return 2.97% over the past year, underperforming other defense stocks by -2 percentage points.

L3harris Technologies has an average 1 year price target of $237.60, an upside of 14.15% from L3harris Technologies's current stock price of $208.14.

L3harris Technologies stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering L3harris Technologies, 60% have issued a Strong Buy rating, 30% have issued a Buy, 10% 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 52, which is 23 points higher than the defense industry average of 29. It passed 18 out of 38 due diligence checks and has strong fundamentals. General Dynamics has seen its stock return 29.76% over the past year, overperforming other defense stocks by 25 percentage points.

General Dynamics has an average 1 year price target of $304.25, an upside of 4.44% from General Dynamics's current stock price of $291.31.

General Dynamics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 8 analysts covering General Dynamics, 62.5% have issued a Strong Buy rating, 12.5% 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 5.47%, which is 4 percentage points higher than the defense industry average of 1.55%. 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 92.6% 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 3.34%, which is 2 percentage points higher than the defense industry average of 1.55%. 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. Transdigm Group (NYSE:TDG)


Transdigm Group (NYSE:TDG) has an annual dividend yield of 2.91%, which is 1 percentage points higher than the defense industry average of 1.55%.

Transdigm Group's dividend payout ratio of 148.6% indicates that its dividend yield might not be sustainable for the long-term.

Why are defense stocks up?

Defense stocks were up 0.69% in the last day, and up 0.78% over the last week. Momentus was the among the top gainers in the aerospace & defense industry, gaining 35.87% yesterday.

Momentus shares are trading higher. The company announced that it received a Nasdaq deficiency notification regarding its delayed from 10-K.

What are the most undervalued defense stocks?

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

1. Cpi Aerostructures (NYSEMKT:CVU)


Cpi Aerostructures (NYSEMKT:CVU) is the most undervalued defense stock based on WallStreetZen's Valuation Score. Cpi Aerostructures has a valuation score of 71, which is 50 points higher than the defense industry average of 21. It passed 5 out of 7 valuation due diligence checks.

Cpi Aerostructures's stock has dropped -25.07% in the past year. It has underperformed other stocks in the defense industry by -30 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 50 points higher than the defense industry average of 21. It passed 5 out of 7 valuation due diligence checks.

Innovative Solutions & Support's stock has dropped -4.78% in the past year. It has underperformed other stocks in the defense industry by -10 percentage points.

3. Virtra (NASDAQ:VTSI)


Virtra (NASDAQ:VTSI) is the third most undervalued defense stock based on WallStreetZen's Valuation Score. Virtra has a valuation score of 71, which is 50 points higher than the defense industry average of 21. It passed 5 out of 7 valuation due diligence checks.

Virtra's stock has gained 129.7% in the past year. It has overperformed other stocks in the defense industry by 125 percentage points.

Are defense stocks a good buy now?

54.35% of defense stocks rated by analysts are a strong buy right now. On average, analysts expect defense stocks to rise by 9.07% 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 24.17x.
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.