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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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
VTSI
VIRTRA INC
$116.21MN/A0.00%N/AN/AN/AN/A
LMT
LOCKHEED MARTIN CORP
$111.53B2.65%44.80%$3.1500$12.3051%02024-06-032024-06-28
ISSC
INNOVATIVE SOLUTIONS & SUPPORT INC
$94.64MN/A0.00%$0.5000N/AN/A1
GD
GENERAL DYNAMICS CORP
$81.14B1.82%43.40%$1.4200$5.3838%0
HII
HUNTINGTON INGALLS INDUSTRIES INC
$10.10B1.98%28.70%$1.3000$5.0841%02024-05-312024-06-14
CW
CURTISS WRIGHT CORP
$10.59B0.29%8.20%$0.2000$0.804%02024-06-172024-07-05
OPXS
OPTEX SYSTEMS HOLDINGS INC
$57.22MN/A0.00%N/AN/AN/AN/A
AXON
AXON ENTERPRISE INC
$21.92BN/A0.00%N/AN/AN/AN/A
NOC
NORTHROP GRUMMAN CORP
$69.66B1.59%52.00%$1.8700$7.4833%02024-05-242024-06-12
CVU
CPI AEROSTRUCTURES INC
$34.46MN/A0.00%N/AN/AN/AN/A
LHX
L3HARRIS TECHNOLOGIES INC
$42.13B2.06%74.10%$1.1600$4.5842%02024-06-042024-06-18
WWD
WOODWARD INC
$10.87B0.51%15.40%$0.2500$0.918%12024-05-212024-06-05
NPK
NATIONAL PRESTO INDUSTRIES INC
$580.44M5.50%99.30%$4.5000$4.5083%2
MOG.A
MOOG INC
$5.43B0.16%9.10%$0.2700$0.272%0
PKE
PARK AEROSPACE CORP
$292.66M3.46%319.10%$0.1250$0.5063%3
HXL
HEXCEL CORP
$6.02B0.76%44.10%$0.1500$0.5514%1
TXT
TEXTRON INC
$16.68B0.09%1.70%$0.0200$0.081%12024-06-142024-07-01
CDRE
CADRE HOLDINGS INC
$1.21B0.27%7.80%$0.0800$0.083%0
ESLT
ELBIT SYSTEMS LTD
$8.94B0.99%41.20%$0.5000$2.0019%1
BWXT
BWX TECHNOLOGIES INC
$8.10B1.32%33.60%$0.2400$1.1727%12024-06-06
PL
PLANET LABS PBC
$589.96MN/A0.00%N/AN/AN/AN/A
BYRN
BYRNA TECHNOLOGIES INC
$272.61MN/A0.00%N/AN/AN/AN/A
RTX
RTX CORP
$138.59B2.87%92.90%$0.6300$2.9954%12024-06-13
LUNR
INTUITIVE MACHINES INC
$661.80MN/A0.00%N/AN/AN/AN/A
RGR
STURM RUGER & CO INC
$749.82M1.76%46.40%$0.2300$0.7637%152024-05-172024-06-07
DRS
LEONARDO DRS INC
$6.05BN/A0.00%N/AN/AN/AN/A
RKLB
ROCKET LAB USA INC
$2.09BN/A0.00%N/AN/AN/AN/A
ERJ
EMBRAER SA
$5.51BN/A0.00%$0.0103N/AN/A9
SPCE
VIRGIN GALACTIC HOLDINGS INC
$423.70MN/A0.00%N/AN/AN/AN/A
SWBI
SMITH & WESSON BRANDS INC
$736.92M2.96%80.70%$0.1200$0.4856%0
ASTC
ASTROTECH CORP
$16.18MN/A0.00%N/AN/AN/AN/A
TATT
TAT TECHNOLOGIES LTD
$130.63MN/A0.00%$0.3398N/AN/A0
EH
EHANG HOLDINGS LTD
$1.21BN/A0.00%N/AN/AN/AN/A
HEI
HEICO CORP
$29.68B0.09%6.50%$0.1000$0.201%1
HWM
HOWMET AEROSPACE INC
$33.69B0.05%3.80%$0.0400$0.040%2
POWW
AMMO INC
$294.28MN/A0.00%N/AN/AN/AN/A
AIR
AAR CORP
$2.55BN/A0.00%$0.0750N/AN/A0
VSEC
VSE CORP
$1.21B0.53%24.40%$0.1000$0.408%1
CODA
CODA OCTOPUS GROUP INC
$73.63MN/A0.00%N/AN/AN/AN/A
CAE
CAE INC
$6.65BN/A0.00%$0.1100N/AN/A0
AVAV
AEROVIRONMENT INC
$5.42BN/A0.00%N/AN/AN/AN/A
TDG
TRANSDIGM GROUP INC
$71.98B2.72%138.80%$35.0000$35.0052%0
AOUT
AMERICAN OUTDOOR BRANDS INC
$102.06MN/A0.00%N/AN/AN/AN/A
KTOS
KRATOS DEFENSE & SECURITY SOLUTIONS INC
$3.09BN/AN/AN/AN/AN/AN/A
ATRO
ASTRONICS CORP
$727.50MN/A0.00%N/AN/AN/AN/A
ACHR
ARCHER AVIATION INC
$1.23BN/A0.00%N/AN/AN/AN/A
DPRO
DRAGANFLY INC
$15.56MN/A0.00%N/AN/AN/AN/A
RDW
REDWIRE CORP
$319.37MN/A0.00%N/AN/AN/AN/A
AULT
AULT ALLIANCE INC
$10.49MN/A0.00%N/AN/AN/AN/A
BA
BOEING CO
$112.32BN/A0.00%$2.0550N/AN/A0
MRCY
MERCURY SYSTEMS INC
$1.85BN/A0.00%N/AN/AN/AN/A
SATL
SATELLOGIC INC
$130.49MN/A0.00%N/AN/AN/AN/A
DCO
DUCOMMUN INC
$852.08MN/A0.00%N/AN/AN/AN/A
LLAP
TERRAN ORBITAL CORP
$204.07MN/A0.00%N/AN/AN/AN/A
SKYH
SKY HARBOUR GROUP CORP
$800.22MN/A0.00%N/AN/AN/AN/A
VVX
V2X INC
$1.46BN/A0.00%N/AN/AN/AN/A
MNTS
MOMENTUS INC
$3.29MN/A0.00%N/AN/AN/AN/A
EVEX
EVE HOLDING INC
$1.44BN/A0.00%N/AN/AN/AN/A
TGI
TRIUMPH GROUP INC
$1.14BN/A0.00%$0.0400N/AN/A0
SIDU
SIDUS SPACE INC
$13.80MN/A0.00%N/AN/AN/AN/A
AZ
A2Z SMART TECHNOLOGIES CORP
$17.35MN/A0.00%N/AN/AN/AN/A
KWE
KWESST MICRO SYSTEMS INC
$3.34MN/A0.00%N/AN/AN/AN/A
SIF
SIFCO INDUSTRIES INC
$20.49MN/A0.00%$0.2000N/AN/A0
AIRI
AIR INDUSTRIES GROUP
$17.82MN/A0.00%$1.5000N/AN/A0
SPR
SPIRIT AEROSYSTEMS HOLDINGS INC
$3.61BN/A0.00%$0.0100N/AN/A1
ASTR
ASTRA SPACE INC
$14.99MN/A0.00%N/AN/AN/AN/A
LOAR
LOAR HOLDINGS INC
$4.55BN/AN/AN/AN/AN/AN/A
LILM
LILIUM NV
$663.49MN/A0.00%N/AN/AN/AN/A
SHMD
SCHMID GROUP NV
$32.40MN/A0.00%N/AN/AN/AN/A
EVTL
VERTICAL AEROSPACE LTD
$159.30MN/A0.00%N/AN/AN/AN/A
HOVR
NEW HORIZON AIRCRAFT LTD
$28.24MN/AN/AN/AN/AN/AN/A
KITT
NAUTICUS ROBOTICS INC
$11.74MN/A0.00%N/AN/AN/AN/A

Defense Stocks FAQ

What are the best defense stocks to buy right now in May 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 57, which is 29 points higher than the defense industry average of 28. It passed 18 out of 33 due diligence checks and has strong fundamentals. Virtra has seen its stock return 55.19% over the past year, overperforming other defense stocks by 38 percentage points.

Virtra has an average 1 year price target of $17.50, an upside of 67.3% from Virtra's current stock price of $10.46.

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 3.82% over the past year, underperforming other defense stocks by -13 percentage points.

Lockheed Martin has an average 1 year price target of $502.75, an upside of 8.16% from Lockheed Martin's current stock price of $464.83.

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. Innovative Solutions & Support (NASDAQ:ISSC)


Innovative Solutions & Support (NASDAQ:ISSC) 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 20 out of 38 due diligence checks and has strong fundamentals. Innovative Solutions & Support has seen its stock lose -23.43% over the past year, underperforming other defense stocks by -40 percentage points.

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 5.5%, which is 4 percentage points higher than the defense industry average of 1.57%. 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 3.46%, which is 2 percentage points higher than the defense industry average of 1.57%. 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 2.96%, which is 1 percentage points higher than the defense industry average of 1.57%.

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 0.09% in the last day, and down -0.93% over the last week. Boeing Co was the among the top gainers in the aerospace & defense industry, gaining 3.37% yesterday.

Boeing shares are trading higher. The stock may be up in possible reaction to reports United Airlines can add new plans and routes after the FAA eased an operational freeze.

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 68 points higher than the defense industry average of 18. It passed 6 out of 7 valuation due diligence checks.

Innovative Solutions & Support's stock has dropped -23.43% in the past year. It has underperformed other stocks in the defense industry by -40 percentage points.

2. Virtra (NASDAQ:VTSI)


Virtra (NASDAQ:VTSI) is the second most undervalued defense stock based on WallStreetZen's Valuation Score. Virtra has a valuation score of 71, which is 53 points higher than the defense industry average of 18. It passed 5 out of 7 valuation due diligence checks.

Virtra's stock has gained 55.19% in the past year. It has overperformed other stocks in the defense industry by 38 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 53 points higher than the defense industry average of 18. It passed 5 out of 7 valuation due diligence checks.

Cpi Aerostructures's stock has dropped -21.18% in the past year. It has underperformed other stocks in the defense industry by -38 percentage points.

Are defense stocks a good buy now?

58.33% of defense stocks rated by analysts are a strong buy right now. On average, analysts expect defense stocks to rise by 8.18% 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 21.89x.
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.