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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
VTSI
VIRTRA INC
United States
$90.54M11,109,73015.37%84.63%Net SellingNet Buying
CW
CURTISS WRIGHT CORP
United States
$10.20B38,298,78980.89%2.07%Net BuyingNet Selling
NOC
NORTHROP GRUMMAN CORP
United States
$62.76B147,989,96983.51%4.34%Net SellingNet Selling
HII
HUNTINGTON INGALLS INDUSTRIES INC
United States
$9.40B39,433,34090.30%4.02%Net BuyingNet Selling
TXT
TEXTRON INC
United States
$16.26B190,698,99384.79%1.50%Net SellingNet Selling
GD
GENERAL DYNAMICS CORP
United States
$80.05B274,364,08484.60%5.21%Net SellingNet Selling
WWD
WOODWARD INC
United States
$10.97B60,919,84584.10%6.87%Net SellingNet Buying
LMT
LOCKHEED MARTIN CORP
United States
$109.97B239,938,14473.35%0.39%Net SellingNet Selling
ISSC
INNOVATIVE SOLUTIONS & SUPPORT INC
United States
$109.16M17,493,70524.01%59.69%Net SellingNet Buying
OPXS
OPTEX SYSTEMS HOLDINGS INC
United States
$51.08M6,852,8087.23%50.63%Net SellingNet Selling
AXON
AXON ENTERPRISE INC
United States
$22.06B75,467,22077.59%9.16%Net SellingNet Selling
CVU
CPI AEROSTRUCTURES INC
United States
$29.70M12,856,5756.61%93.39%Net Buying
NPK
NATIONAL PRESTO INDUSTRIES INC
United States
$526.86M7,097,63259.61%24.95%Net Selling
LHX
L3HARRIS TECHNOLOGIES INC
United States
$41.25B189,680,35483.36%1.28%Net SellingNet Selling
MOG.A
MOOG INC
United States
$5.10B31,969,06687.49%3.81%Net SellingNet Selling
RGR
STURM RUGER & CO INC
United States
$736.42M17,401,20464.23%29.25%Net SellingNet Selling
CDRE
CADRE HOLDINGS INC
United States
$1.33B40,606,16330.15%69.85%Net SellingNet Selling
BYRN
BYRNA TECHNOLOGIES INC
United States
$249.19M22,736,49732.50%37.84%Net SellingNet Selling
VSEC
VSE CORP
United States
$1.32B15,982,80677.76%22.24%Net SellingNet Selling
ERJ
EMBRAER SA
Brazil
$5.09B734,632,8068.34%0.00%
HXL
HEXCEL CORP
United States
$5.17B83,114,36074.17%25.83%Net SellingNet Buying
ESLT
ELBIT SYSTEMS LTD
Israel
$8.06B44,453,85016.06%0.00%
RTX
RTX CORP
United States
$138.57B1,329,506,01382.67%0.42%Net BuyingNet Selling
HWM
HOWMET AEROSPACE INC
United States
$32.22B408,183,45983.38%16.62%Net SellingNet Selling
TATT
TAT TECHNOLOGIES LTD
Israel
$155.58M10,378,9786.63%0.00%
LUNR
INTUITIVE MACHINES INC
United States
$483.57M124,632,4654.02%17.76%Net SellingNet Selling
HEI
HEICO CORP
United States
$31.19B138,495,83680.94%4.44%Net BuyingNet Buying
DRS
LEONARDO DRS INC
United States
$6.49B263,142,10214.37%85.63%Net SellingNet Selling
RKLB
ROCKET LAB USA INC
United States
$2.16B492,779,71656.83%32.07%Net SellingNet Selling
BWXT
BWX TECHNOLOGIES INC
United States
$8.17B91,408,78987.13%12.87%Net Selling
PKE
PARK AEROSPACE CORP
United States
$269.77M20,253,36178.90%10.70%
SWBI
SMITH & WESSON BRANDS INC
United States
$728.27M45,516,77659.93%40.07%Net SellingNet Selling
SPCE
VIRGIN GALACTIC HOLDINGS INC
United States
$281.78M411,361,91040.20%32.07%Net SellingNet Selling
PL
PLANET LABS PBC
United States
$537.93M290,771,77440.28%15.06%Net SellingNet Selling
ASTC
ASTROTECH CORP
United States
$15.98M1,701,7291.24%98.76%Net BuyingNet Buying
TGI
TRIUMPH GROUP INC
United States
$1.08B77,027,83192.20%7.80%Net SellingNet Selling
CODA
CODA OCTOPUS GROUP INC
United States
$70.63M11,175,1833.36%96.64%Net Selling
DCO
DUCOMMUN INC
United States
$835.89M14,716,33880.17%10.19%Net SellingNet Selling
TDG
TRANSDIGM GROUP INC
United States
$72.45B55,958,48017.60%82.40%Net SellingNet Selling
AVAV
AEROVIRONMENT INC
United States
$6.06B28,135,73468.10%31.90%Net BuyingNet Selling
KTOS
KRATOS DEFENSE & SECURITY SOLUTIONS INC
United States
$2.97B150,098,18473.77%26.23%Net SellingNet Selling
POWW
AMMO INC
United States
$213.33M119,181,06727.39%31.11%Net Selling
AIR
AAR CORP
United States
$2.37B35,427,05689.96%10.04%Net BuyingNet Selling
AOUT
AMERICAN OUTDOOR BRANDS INC
United States
$102.82M12,757,31149.79%6.52%Net SellingNet Selling
ATRO
ASTRONICS CORP
United States
$641.79M34,841,89558.29%35.59%Net SellingNet Buying
DPRO
DRAGANFLY INC
Canada
$10.44M49,229,5632.68%0.00%
ACHR
ARCHER AVIATION INC
United States
$1.04B323,557,89539.26%27.65%Net BuyingNet Selling
BA
BOEING CO
United States
$108.82B613,884,22463.71%1.33%Net Selling
RDW
REDWIRE CORP
United States
$394.78M65,578,7246.60%93.40%Net Selling
AULT
AULT ALLIANCE INC
United States
$9.02M30,065,3390.82%64.47%Net BuyingNet Buying
SATL
SATELLOGIC INC
United States
$97.53M90,303,98518.71%0.66%
MRCY
MERCURY SYSTEMS INC
United States
$1.70B59,345,99873.87%26.13%Net Buying
EH
EHANG HOLDINGS LTD
China
$838.71M117,549,0009.18%0.00%
MNTS
MOMENTUS INC
United States
$8.43M16,625,9041.72%98.28%Net SellingNet Selling
VVX
V2X INC
United States
$1.43B31,459,02043.97%56.03%Net SellingNet Selling
SKYH
SKY HARBOUR GROUP CORP
United States
$616.17M66,685,30411.95%88.05%Net SellingNet Selling
SIDU
SIDUS SPACE INC
United States
$10.79M4,181,3442.93%97.07%
LLAP
TERRAN ORBITAL CORP
United States
$150.53M202,053,13833.12%49.78%Net SellingNet Selling
EVEX
EVE HOLDING INC
United States
$1.23B269,365,7081.46%91.94%Net BuyingNet Buying
AZ
A2Z SMART TECHNOLOGIES CORP
Canada
$15.12M41,205,7424.32%0.00%
SIF
SIFCO INDUSTRIES INC
United States
$19.44M6,189,71616.92%55.12%
AIRI
AIR INDUSTRIES GROUP
United States
$11.07M3,324,7851.41%98.59%Net BuyingNet Buying
KWE
KWESST MICRO SYSTEMS INC
Canada
$4.38M7,587,70411.23%0.00%
CAE
CAE INC
Canada
$5.74B318,312,23368.84%0.00%
SPR
SPIRIT AEROSYSTEMS HOLDINGS INC
United States
$3.42B116,552,20393.58%3.16%Net SellingNet Selling
LOAR
LOAR HOLDINGS INC
United States
$5.13B89,703,5710.00%100.00%Net BuyingNet Buying
ASTR
ASTRA SPACE INC
United States
$12.09M22,894,4573.28%96.72%Net SellingNet Selling
LILM
LILIUM NV
Germany
$426.53M526,579,2072.07%0.00%
EVTL
VERTICAL AEROSPACE LTD
United Kingdom
$159.08M221,249,2440.35%1.86%
HOVR
NEW HORIZON AIRCRAFT LTD
Canada
$13.30M18,220,4364.43%57.68%
SHMD
SCHMID GROUP NV
Germany
$40.50M10,125,01739.32%4.17%Net Selling
KITT
NAUTICUS ROBOTICS INC
United States
$11.99M62,431,7721.74%92.87%Net SellingNet Buying

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 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 lose -0.37% over the past year, underperforming other defense stocks by -18 percentage points.

Virtra has an average 1 year price target of $17.50, an upside of 114.72% from Virtra's current stock price of $8.15.

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. Curtiss Wright (NYSE:CW)


Curtiss Wright (NYSE:CW) 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 21 out of 38 due diligence checks and has strong fundamentals. Curtiss Wright has seen its stock return 52.7% over the past year, overperforming other defense stocks by 35 percentage points.

Curtiss Wright has an average 1 year price target of $302.50, an upside of 13.63% from Curtiss Wright's current stock price of $266.22.

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.

3. Huntington Ingalls Industries (NYSE:HII)


Huntington Ingalls Industries (NYSE:HII) is the third 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. Huntington Ingalls Industries has seen its stock return 10.75% over the past year, underperforming other defense stocks by -7 percentage points.

Huntington Ingalls Industries has an average 1 year price target of $298.33, an upside of 25.11% from Huntington Ingalls Industries's current stock price of $238.46.

Huntington Ingalls Industries stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Huntington Ingalls Industries, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% 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 6.06%, which is 5 percentage points higher than the defense industry average of 1.54%. 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 3.75%, which is 2 percentage points higher than the defense industry average of 1.54%. 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 135.1% 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 3%, which is 1 percentage points higher than the defense industry average of 1.54%.

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 down?

Defense stocks were down -1.17% in the last day, and down -1.6% over the last week. Ammo was the among the top losers in the aerospace & defense industry, dropping -28.69% yesterday.

AMMO shares are trading lower after the company reported Q4 financial results.

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 71, which is 53 points higher than the defense industry average of 18. It passed 5 out of 7 valuation due diligence checks.

Innovative Solutions & Support's stock has dropped -13.27% in the past year. It has underperformed other stocks in the defense industry by -31 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 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 -37.06% in the past year. It has underperformed other stocks in the defense industry by -55 percentage points.

3. Textron (NYSE:TXT)


Textron (NYSE:TXT) is the third most undervalued defense stock based on WallStreetZen's Valuation Score. Textron has a valuation score of 57, which is 39 points higher than the defense industry average of 18. It passed 4 out of 7 valuation due diligence checks.

Textron's stock has gained 30.57% in the past year. It has overperformed other stocks in the defense industry by 13 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 12.43% 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 21.49x.
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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.