Top Defense Stocks Worth Watching - November 9th

Key Points

• MarketBeat’s high-trading-volume screen named Rocket Lab, Boeing, GE Aerospace, Axon Enterprise, Howmet Aerospace, Lockheed Martin, and TransDigm as defense stocks to watch.
• Monday trading was mixed: Lockheed Martin rose $20.68 and TransDigm gained $34.30, while Axon fell $4.29. The article notes defense shares can be affected by budgets and geopolitical conditions, as well as company-specific and broader market risks.

Rocket Lab, Boeing, GE Aerospace, Axon Enterprise, Howmet Aerospace, Lockheed Martin, and Transdigm Group are the seven Defense stocks to watch today, according to MarketBeat's stock screener tool. Defense stocks are shares of companies that supply military equipment, weapons, technology, or services to governments and armed forces. Investors may consider them based on defense budgets and geopolitical conditions, though their prices can still fluctuate with market and company-specific risks. These companies had the highest dollar trading volume of any Defense stocks within the last several days.

Rocket Lab (RKLB)

Rocket Lab USA, Inc., a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.

Shares of RKLB stock traded up $5.90 during trading on Monday, reaching $58.97. 12,317,068 shares of the company's stock were exchanged, compared to its average volume of 22,676,752. Rocket Lab has a twelve month low of $37.57 and a twelve month high of $151.00. The firm's fifty day moving average price is $62.56 and its 200-day moving average price is $78.95. The company has a quick ratio of 4.98, a current ratio of 5.48 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $35.28 billion, a PE ratio of -218.14 and a beta of 3.15.

Read Our Latest Research Report on RKLB

Boeing (BA)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.

BA stock traded up $1.36 during midday trading on Monday, reaching $174.76. 2,538,598 shares of the company were exchanged, compared to its average volume of 7,141,276. The company has a debt-to-equity ratio of 6.31, a current ratio of 1.13 and a quick ratio of 0.34. The business has a 50-day moving average price of $192.39 and a two-hundred day moving average price of $215.41. Boeing has a one year low of $165.01 and a one year high of $254.35. The firm has a market capitalization of $138.49 billion, a price-to-earnings ratio of 19.02 and a beta of 1.34.

Read Our Latest Research Report on BA

GE Aerospace (GE)

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.

Shares of GE traded up $9.77 during trading hours on Monday, hitting $333.00. The company had a trading volume of 1,003,846 shares, compared to its average volume of 5,135,891. The firm has a market cap of $344.11 billion, a price-to-earnings ratio of 38.35, a PEG ratio of 2.20 and a beta of 1.43. The business has a fifty day moving average of $314.70 and a 200-day moving average of $323.12. GE Aerospace has a 12 month low of $268.91 and a 12 month high of $388.84. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.96.

Read Our Latest Research Report on GE

Axon Enterprise (AXON)

Axon Enterprise, Inc. develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.

AXON stock traded down $4.29 during trading hours on Monday, hitting $308.71. 911,716 shares of the stock were exchanged, compared to its average volume of 1,072,724. Axon Enterprise has a 12 month low of $303.91 and a 12 month high of $665.07. The company has a 50-day simple moving average of $441.53 and a two-hundred day simple moving average of $475.20. The firm has a market capitalization of $25.08 billion, a P/E ratio of 99.06, a P/E/G ratio of 5.95 and a beta of 1.48. The company has a current ratio of 3.00, a quick ratio of 2.60 and a debt-to-equity ratio of 0.76.

Read Our Latest Research Report on AXON

Howmet Aerospace (HWM)

Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.

NYSE:HWM traded up $10.70 during trading hours on Monday, reaching $216.51. 906,079 shares of the company were exchanged, compared to its average volume of 2,877,087. The company has a market capitalization of $86.10 billion, a P/E ratio of 42.34, a P/E/G ratio of 1.50 and a beta of 1.31. Howmet Aerospace has a 1-year low of $183.52 and a 1-year high of $310.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.86 and a quick ratio of 0.90. The business has a 50 day moving average of $223.40 and a 200 day moving average of $248.22.

Read Our Latest Research Report on HWM

Lockheed Martin (LMT)

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.

Lockheed Martin stock traded up $20.68 during mid-day trading on Monday, reaching $587.76. 312,085 shares of the company were exchanged, compared to its average volume of 1,469,112. The firm has a market cap of $135.78 billion, a PE ratio of 20.88, a PEG ratio of 1.20 and a beta of 0.07. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.26 and a quick ratio of 1.10. The company has a fifty day simple moving average of $548.25 and a 200-day simple moving average of $569.65. Lockheed Martin has a 12 month low of $437.25 and a 12 month high of $692.00.

Read Our Latest Research Report on LMT

Transdigm Group (TDG)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.

Transdigm Group stock traded up $34.30 during trading hours on Monday, reaching $1,231.31. 142,908 shares of the stock were exchanged, compared to its average volume of 389,811. Transdigm Group has a twelve month low of $1,071.25 and a twelve month high of $1,463.03. The company has a market cap of $68.87 billion, a P/E ratio of 37.31, a price-to-earnings-growth ratio of 1.71 and a beta of 0.98. The stock has a 50 day moving average of $1,129.97 and a two-hundred day moving average of $1,223.16.

Read Our Latest Research Report on TDG

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