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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
LHX
L3HARRIS TECHNOLOGIES INC
$40.77B$19.42B$2.96B$1.23B$6.4713.81%24.74%16.79%-2.03%2024-04-25
GD
GENERAL DYNAMICS CORP
$75.00B$42.27B$4.94B$3.32B$12.147.27%3.15%-1.38%1.39%2024-04-24
HII
HUNTINGTON INGALLS INDUSTRIES INC
$11.41B$11.45B$1.30B$681.00M$17.077.29%6.98%18.21%-2.21%
LMT
LOCKHEED MARTIN CORP
$104.18B$67.57B$10.44B$6.92B$27.652.41%4.68%27.18%9.28%2024-04-16
CW
CURTISS WRIGHT CORP
$9.13B$2.85B$630.64M$354.51M$9.2611.28%3.36%20.73%8.08%
WWD
WOODWARD INC
$8.40B$3.08B$521.20M$292.81M$4.8825.32%4.21%73.67%7.31%
VTSI
VIRTRA INC
$110.06M$36.57M$10.71M$7.00M$0.6429.25%15.33%1,500.00%14.17%2024-03-29
AXON
AXON ENTERPRISE INC
$20.28B$1.47B$169.34M$146.13M$1.9936.96%29.69%36.30%34.63%2024-02-27
NOC
NORTHROP GRUMMAN CORP
$69.18B$39.29B$4.23B$2.06B$13.577.34%5.48%-57.07%-6.10%2024-04-25
OPXS
OPTEX SYSTEMS HOLDINGS INC
$43.88M$28.59M$3.97M$2.92M$0.4329.45%5.41%258.33%8.96%
MOG.A
MOOG INC
$4.84B$3.42B$378.00M$172.79M$5.4211.20%4.34%11.52%6.97%
KAMN
KAMAN CORP
$1.29B$775.85M$100.72M$7.95M$0.2812.78%1.06%N/A-32.10%
CVU
CPI AEROSTRUCTURES INC
$33.33M$87.04M$6.34M$9.27M$0.741.67%3.92%393.33%N/A2024-04-12
ISSC
INNOVATIVE SOLUTIONS & SUPPORT INC
$143.17M$37.60M$9.84M$6.39M$0.3736.42%20.60%27.59%N/A
PKE
PARK AEROSPACE CORP
$292.26M$53.20M$10.47M$9.51M$0.470.33%3.69%23.68%-19.14%
SPCE
VIRGIN GALACTIC HOLDINGS INC
$659.53M$4.86M-$526.93M-$549.17M-$1.86206.82%25.48%N/AN/A2024-02-27
HXL
HEXCEL CORP
$6.22B$1.79B$276.60M$105.70M$1.2513.39%-3.96%-16.67%-16.88%2024-04-22
ESLT
ELBIT SYSTEMS LTD
$9.38B$5.86B$576.22M$270.42M$6.106.47%10.12%36.16%-1.05%2024-03-19
BYRN
BYRNA TECHNOLOGIES INC
$264.24M$42.64M-$6.10M-$8.19M-$0.37-11.22%179.45%N/AN/A2024-04-12
TXT
TEXTRON INC
$16.58B$13.68B$1.56B$921.00M$4.616.33%-0.42%13.83%-1.13%2024-04-25
RGR
STURM RUGER & CO INC
$761.86M$543.77M$81.41M$48.22M$2.73-8.74%1.87%-45.40%-1.34%
LUNR
INTUITIVE MACHINES INC
$881.67M$86.95M$68.86M$64.58M$3.1925.29%N/AN/AN/A
RTX
RTX CORP
$119.43B$68.92B$9.37B$3.20B$2.242.75%14.71%-36.36%-19.39%2024-04-23
ASTC
ASTROTECH CORP
$12.95M$1.99M-$9.59M-$10.25M-$6.29371.33%87.86%N/AN/A
HEI
HEICO CORP
$27.54B$2.97B$717.52M$403.60M$2.9434.41%10.80%13.51%8.45%2024-02-26
SWBI
SMITH & WESSON BRANDS INC
$621.61M$513.01M$72.55M$29.53M$0.64-9.12%-4.02%-63.01%0.96%2024-03-07
PL
PLANET LABS PBC
$621.27M$214.82M-$101.71M-$148.26M-$0.5422.45%N/AN/AN/A2024-03-27
RKLB
ROCKET LAB USA INC
$2.13B$236.36M-$129.04M-$169.28M-$0.3626.59%N/AN/AN/A2024-02-27
NPK
NATIONAL PRESTO INDUSTRIES INC
$558.02M$356.54M$34.54M$23.57M$3.3115.77%0.18%8.17%-12.41%
BWXT
BWX TECHNOLOGIES INC
$8.22B$2.39B$416.34M$222.93M$2.448.83%6.45%-27.81%5.13%2024-02-27
AIR
AAR CORP
$2.34B$2.17B$136.90M$68.20M$1.9317.63%2.80%-25.19%6.33%2024-03-19
AVAV
AEROVIRONMENT INC
$3.47B$653.60M-$24.49M-$121.41M-$4.9447.60%15.41%N/AN/A2024-03-04
VSEC
VSE CORP
$1.12B$926.33M$95.59M$32.38M$2.4118.98%5.43%4.33%-9.50%2024-03-06
CODA
CODA OCTOPUS GROUP INC
$61.91M$19.35M$4.09M$3.12M$0.28-12.93%1.44%-30.00%-10.59%2024-03-14
POWW
AMMO INC
$269.36M$148.32M$3.57M-$16.28M-$0.15-31.92%95.73%N/AN/A
KTOS
KRATOS DEFENSE & SECURITY SOLUTIONS INC
$2.35B$1.04B$65.20M-$8.90M-$0.0715.45%10.91%N/AN/A
HWM
HOWMET AEROSPACE INC
$27.03B$6.64B$1.47B$765.00M$1.8517.25%-0.41%65.18%6.82%
CAE
CAE INC
$6.09B$3.33B$662.00M$206.37M$0.6420.19%8.72%54.61%-4.12%
TDG
TRANSDIGM GROUP INC
$66.72B$6.98B$3.36B$1.35B$23.5623.88%12.02%59.51%10.04%
EH
EHANG HOLDINGS LTD
$641.01M$10.75MN/A-$47.66M-$0.80102.94%N/AN/AN/A2024-03-20
CDRE
CADRE HOLDINGS INC
$1.36B$481.59M$75.35M$35.65M$0.9510.02%N/A850.00%N/A2024-03-05
TATT
TAT TECHNOLOGIES LTD
$115.75M$104.81M$10.00M$4.77M$0.5327.63%1.21%N/AN/A2024-03-27
ATRO
ASTRONICS CORP
$642.83M$652.07M$17.84M-$40.18M-$1.2332.32%-3.31%N/AN/A2024-02-28
SPR
SPIRIT AEROSYSTEMS HOLDINGS INC
$3.39B$6.05B$40.60M-$616.20M-$5.7820.25%-3.49%N/AN/A
SATL
SATELLOGIC INC
$138.98M$6.81M-$36.84M-$58.37M-$0.6438.12%N/AN/AN/A
KWE
KWESST MICRO SYSTEMS INC
$6.85M$774.95k-$4.57M-$5.55M-$1.045.51%N/AN/AN/A
ERJ
EMBRAER SA
$3.34B$4.54B$268.00M-$185.40M-$1.008.18%12.26%N/AN/A2024-03-15
MRCY
MERCURY SYSTEMS INC
$1.68B$895.17M-$11.73M-$85.37M-$1.48-10.48%9.36%N/AN/A
BA
BOEING CO
$122.53B$77.79B$2.34B-$2.22B-$3.6716.79%-5.11%N/AN/A2024-04-24
DPRO
DRAGANFLY INC
$6.93M$5.07M-$25.67M-$26.28M-$0.72-14.23%N/AN/AN/A2024-03-25
DCO
DUCOMMUN INC
$714.78M$756.99M$77.94M$15.93M$1.166.24%3.76%-51.26%7.99%
DRS
LEONARDO DRS INC
$5.58B$2.72B$289.00M$159.00M-$0.091.00%N/AN/AN/A2024-02-27
LLAP
TERRAN ORBITAL CORP
$181.24M$136.24M-$89.61M-$141.98M-$0.9386.47%N/AN/AN/A2024-03-26
EVEX
EVE HOLDING INC
$1.55B$0.00-$106.33M-$108.45M-$0.37N/AN/AN/AN/A2024-03-14
SIDU
SIDUS SPACE INC
$3.95M$6.95M-$12.95M-$15.15M-$47.0026.64%N/AN/AN/A2024-04-02
ACHR
ARCHER AVIATION INC
$1.45B$0.00-$435.80M-$444.20M-$1.77N/AN/AN/AN/A2024-02-26
RDW
REDWIRE CORP
$196.99M$234.02M-$24.90M-$52.52M-$0.9158.21%N/AN/AN/A2024-03-11
AULT
AULT ALLIANCE INC
$1.03M$160.92M-$183.91M-$252.23M-$5.91k57.34%45.72%N/AN/A2024-04-15
SKYH
SKY HARBOUR GROUP CORP
$762.90M$5.95M-$948.00k-$5.08M-$0.33265.23%N/AN/AN/A2024-03-22
AIRI
AIR INDUSTRIES GROUP
$16.05M$51.94M$1.72M-$3.21M-$0.99-5.17%3.73%N/AN/A2024-04-02
KITT
NAUTICUS ROBOTICS INC
$13.26M$8.77M-$10.71M-$19.37M$0.07-35.29%N/AN/AN/A2024-03-28
MNTS
MOMENTUS INC
$4.00M$2.19M-$73.97M-$79.26M-$43.701,121.23%N/AN/AN/A2024-03-05
SPPL
SIMPPLE LTD
N/A$4.79M-$166.31k-$579.05k-$0.0456.93%N/AN/AN/A
VVX
V2X INC
$1.22B$3.90B$201.73M-$32.70M-$1.1967.27%25.65%N/AN/A2024-03-05
TGI
TRIUMPH GROUP INC
$1.12B$1.36B$137.96M-$52.90M-$0.764.15%-16.72%N/AN/A
AZ
A2Z SMART TECHNOLOGIES CORP
$44.73M$11.42M-$11.80M-$13.73M-$0.4495.65%N/AN/AN/A2024-03-27
ASTR
ASTRA SPACE INC
$40.71M$963.00k-$122.31M-$132.95M-$7.33-89.72%N/AN/AN/A2024-03-28
SIF
SIFCO INDUSTRIES INC
$19.34M$86.78M-$1.48M-$9.53M-$1.610.96%-5.64%N/AN/A
EVTL
VERTICAL AEROSPACE LTD
$150.42MN/AN/AN/AN/AN/AN/AN/AN/A
LILM
LILIUM NV
$357.42M$0.00-$266.79M-$559.63M-$1.37N/AN/AN/AN/A2024-02-27
HOVR
NEW HORIZON AIRCRAFT LTD
$25.49MN/AN/AN/AN/AN/AN/AN/AN/A

Defense Stocks FAQ

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

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

1. L3harris Technologies (NYSE:LHX)


L3harris Technologies (NYSE:LHX) is the top defense stock with a Zen Score of 53, which is 25 points higher than the defense industry average of 28. It passed 19 out of 38 due diligence checks and has strong fundamentals. L3harris Technologies has seen its stock return 2.34% over the past year, overperforming other defense stocks by 4 percentage points.

L3harris Technologies has an average 1 year price target of $234.80, an upside of 9.49% from L3harris Technologies's current stock price of $214.45.

L3harris Technologies stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering L3harris Technologies, 50% have issued a Strong Buy rating, 30% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. General Dynamics (NYSE:GD)


General Dynamics (NYSE:GD) is the second 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 18.32% over the past year, overperforming other defense stocks by 20 percentage points.

General Dynamics has an average 1 year price target of $282.00, an upside of 3.01% from General Dynamics's current stock price of $273.75.

General Dynamics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering General Dynamics, 57.14% have issued a Strong Buy rating, 14.29% have issued a Buy, 28.57% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Huntington Ingalls Industries (NYSE:HII)


Huntington Ingalls Industries (NYSE:HII) is the third best defense stock with a Zen Score of 48, which is 20 points higher than the defense industry average of 28. It passed 17 out of 38 due diligence checks and has strong fundamentals. Huntington Ingalls Industries has seen its stock return 32.59% over the past year, overperforming other defense stocks by 34 percentage points.

Huntington Ingalls Industries has an average 1 year price target of $265.00, a downside of -8.03% from Huntington Ingalls Industries's current stock price of $288.14.

Huntington Ingalls Industries stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Huntington Ingalls Industries, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% 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 21 defense stocks that have issued dividends in the past year, the 3 defense stocks with the highest dividend yields are:

1. Park Aerospace (NYSE:PKE)


Park Aerospace (NYSE:PKE) has an annual dividend yield of 10.4%, which is 8 percentage points higher than the defense industry average of 1.92%. Park Aerospace's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Park Aerospace's dividend has not shown consistent growth over the last 10 years.

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

2. National Presto Industries (NYSE:NPK)


National Presto Industries (NYSE:NPK) has an annual dividend yield of 5.08%, which is 3 percentage points higher than the defense industry average of 1.92%. National Presto Industries's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. National Presto Industries's dividend has not shown consistent growth over the last 10 years.

National Presto Industries's dividend payout ratio of 120.8% indicates that its high 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 3.38%, which is 1 percentage points higher than the defense industry average of 1.92%.

Smith & Wesson Brands's dividend payout ratio of 68.8% indicates that its dividend yield is sustainable for the long-term.

Why are defense stocks up?

Defense stocks were up 0.41% in the last day, and up 1.74% over the last week. Intuitive Machines was the among the top gainers in the aerospace & defense industry, gaining 15.82% yesterday.

Intuitive Machines shares are trading higher after the company's Odysseus spacecraft landed on the Moon.

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 51 points higher than the defense industry average of 20. It passed 5 out of 7 valuation due diligence checks.

Cpi Aerostructures's stock has dropped -34.09% in the past year. It has underperformed other stocks in the defense industry by -32 percentage points.

2. L3harris Technologies (NYSE:LHX)


L3harris Technologies (NYSE:LHX) is the second most undervalued defense stock based on WallStreetZen's Valuation Score. L3harris Technologies has a valuation score of 57, which is 37 points higher than the defense industry average of 20. It passed 4 out of 7 valuation due diligence checks.

L3harris Technologies's stock has gained 2.34% in the past year. It has overperformed other stocks in the defense industry by 4 percentage points.

3. Huntington Ingalls Industries (NYSE:HII)


Huntington Ingalls Industries (NYSE:HII) is the third most undervalued defense stock based on WallStreetZen's Valuation Score. Huntington Ingalls Industries has a valuation score of 43, which is 23 points higher than the defense industry average of 20. It passed 3 out of 7 valuation due diligence checks.

Huntington Ingalls Industries's stock has gained 32.59% in the past year. It has overperformed other stocks in the defense industry by 34 percentage points.

Are defense stocks a good buy now?

50% of defense stocks rated by analysts are a strong buy right now. On average, analysts expect defense stocks to rise by 4.01% 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 18.28x.
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.