The company has a strategic partnership with The Boeing Company. Following the merger, Raytheon Technologies Corporation will be the third largest commercial company and the second largest provider of defense products in the world. If the stock were to revert to this average by 2024, the corresponding multiple contraction would be a 1.4% headwind to total annual returns. Of the eight stocks on this list, just one, Textron, has expected returns higher than 10%. Over the last decade, the dividend has climbed at an annual rate of 10.6%. While the company is experiencing difficulties throughout its business, we believe these trends will eventually reverse. We rate shares of Northrop Grumman as a hold, but would be more interested in the stock if it were to pullback. This was $54 million above estimates. In addition, the company sells its 9-volt battery to the broader consumer market through national and regional retail chains and Internet retailers. In 2015, the company purchased Sikorsky Aircraft, which produces Black Hawk helicopters, from United Technologies for $9 billion. Rotary and Mission Systems had sales growth of 6% on higher demand for integrated warfare systems and sensors programs. If shares were to revert to this level by 2024, then valuation would be a 2.7% headwind to annual returns over this period of time. Defense stocks are issued by companies in the defense industry. Unlike the other names on this list, Textron has not increased its dividend in quite some time. Missile Systems revenue increased 8%, and Space & Airborne Systems grew 13% due to improvements in demand for classified, infrared and radar programs. We rate Textron shares as a buy. A higher effective income tax rate compared to the second quarter of 2018 also factored in the EPS decline. Huntington Ingalls released second quarter earnings results on 8/1/2019. In the group of stocks under $5, macro market movements can cause some noise in shares. Flight and defense systems saw an uptick in demand. Taylor Devices, Inc. 3. eval(ez_write_tag([[336,280],'ai4beginners_com-large-mobile-banner-1','ezslot_4',193,'0','0'])); The company sells its products through direct sales force and distributors. The majority (10%) was due to organic sales declines. ... Stocks Under $10. Raytheon reported second quarter results on 7/25/2019. Northrop Grumman was founded as Northrop Aircraft in 1939. Growth since then has been somewhat erratic, but this is due to Huntington Ingalls’ “big-ticket” products. The list was derived from two major defense industry-focused exchange traded funds, iShares Dow Jones U.S. Aerospace & Defense (ITA) and SPDR S&P Aerospace & Defense ETF (XAR). Increases have been very aggressive; the dividend has compounded at an annual rate of almost 25% over the past five years. United Technologies has seen earnings-per-share grow at a rate of 6.3% from 2009 through 2018. The company is composed of five business divisions: Textron Aviation, Bell Helicopter, Textron Systems, Industrial and Finance. We rank these 8 companies by our expected total annual return estimate over the next five years, which is a combination of future earnings-per-share growth, current dividend yield , and the impact of multiple expansion or contraction. Several under-$5 stocks still offer outsized dividend yields to those willing to take on additional risk. The Best Small-Cap Tech Stock Under $5. The company was founded in 1955 and is based in Arlington, Virginia. Is there more room for these stocks to run going forward? Kratos Emerges As Drone Stock. While the company’s expected growth rate is tied for the highest on this list, we find that the stock’s valuation has gotten ahead of itself. While stocks trading under a dollar can expose your portfolio to a lot of risk and volatility, those priced between $1 and $5 are in a bit of a sweet spot, as they are not penny stocks but are low enough that their returns could be massive if given a little momentum This is a period of great change for United Technologies–it expects to spin-off its Otis and Climate, Controls and Security businesses into two separate independent companies sometime in 2020. Arotech Corporation (ARTX) So, what exactly draws us to ARTX? The stock currently offers a 2.2% yield. If you’re looking for stocks that have a lot of room to grow, low-priced ones can offer a lot of potential. General Dynamics has increased its dividend for 28 years in a row, giving the company the longest dividend growth streak on this list. On November 18th, we saw several penny stocks jump in the double-digit percentage points before the end of the day. Created when Lockheed Corporation and Martin Marietta merged in 1995, Lockheed Martin is the world’s largest defense contractor. Huntington Ingalls’ annualized dividend is $3.44. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium ion cells, multi-kilowatt module lithium ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables. The Textron Aviation and Bell Helicopter divisions contribute ~60% of sales. The company has been profitable every year except for 2011. The company reduced its share count at an annual rate of 5.7% from 2009 through 2018. Northrop Grumman offered revised guidance for the year and now expects earnings-per-share in a range of $19.30 to $19.55 in 2019. The company was incorporated in 1977 and is headquartered in Louisville, Kentucky. RSS Feed for 10 Best Aerospace & Defense Stocks for This Year Every day TheStreet Ratings produces a list of the top rated stocks , by industry. The company increased its dividend 9.5% for the September 2019 payment. The company produces a wide variety of drones, including models that can refuel planes, land on aircraft, and even carry up to 500 lbs of cargo. Public Safety orders improved 30% last quarter. It sells its products under the Ultralife, Lithium Power, McDowell Research, AMTI, ABLE, ACCUTRONICS, ACCUPRO, ENTELLION, SWE DRILL-DATA, and SWE SEASAFE brands through original equipment manufacturers, and industrial and defense supply distributors, as well as directly to the United States and international defense departments. eval(ez_write_tag([[300,250],'ai4beginners_com-leader-1','ezslot_7',192,'0','0']));The company operates in two segments, Kratos Government Solutions and Unmanned Systems. Shares yield 2.3%, giving Lockheed Martin the highest yield on this list. The Defense and Security segment engages in the research, development, production, modification, and support for military defense and security aircraft, as well as offers a range of products and integrated solutions that include radars, special space systems (satellites), and information and communications systems, such as command, control, communications, computer, intelligence, surveillance, and reconnaissance systems. This should come as no surprise, since the US allocates 15% of its budget to defense. Here is a bit of a rapid-fire rundown ranging across different sectors like Biotech, Tech, and Food Delivery… Waitr Holdings Inc. (WTRH) WTRH is another good stock under $5. Revenue improved 8.3% to $2.2 billion. Unlike many of the larger defense contractors on this list, Huntington Ingalls focuses entirely on aquatic military products. Thus, you can’t really trust any move higher in BLNK stock as sustainable.Having … The company operates through two segments, Complex Machining and Turbine Engine Components. Ultralife Corporation was founded in 1990 and is headquartered in Newark, New York. The two companies are projected to generate $74 billion in sales in 2019 and will capture more than $1 billion in gross annual run-rate cost synergies by year four after closing. So, Kratos Defense & Security Solutions has an ROCE of 2.5%. Taylor Devices, Inc. was founded in 1955 and is headquartered in North Tonawanda, New York. Over the same periods of time, the S&P 500 Index has increased 20% and 50%, respectively. Major brands include Bell, Cessna, Beechcraft, Hawker, Lycoming, Arctic Cat, Cushman and EX-GO. Textron Aviation was down 12% due to lower jet and commercial turboprops deliveries. The company earned $2.20 per share, topping estimates by $0.15 and growing nearly 11.7% from the prior year’s second quarter. Sales grew 7.7% to $14.4 billion, which was $226 million more than expected. Air Industries Group 4. Keeping track of cutting-edge techs, currencies, bonds, companies and stocks is what I do almost everyday. 5 Dollar Stocks. Artificial intelligence (AI) is one of the fastest-growing markets in the world, with global revenues zooming from $9.5 billion in 2018 to an estimated $118.6 billion by 2025.Given that exploding growth, it makes sense to invest in artificial intelligence stocks. Integrated Defense Systems had sales growth of 8% for the quarter. This article will look at the top 8 stocks in the aerospace and defense sector according to the Sure Analysis Research Database. The stock has a current yield of 1.9% and the annualized dividend of $3.77 would consume just 33% of expected earnings for the year. Sypris Solutions, Inc. 6. This is the second consecutive quarter that the company has increased its guidance for 2019. Pro-forma sales for the Innovation Systems division improved 8%. We feel a 2024 target P/E ratio of 15 is appropriate, given the strength of the business and the Orbital ATK purchase. Source: Second Quarter Results Presentation, slide 1. This growth is likely to slow as the company pays down debt related to the Orbital ATK acquisition. Meanwhile, the Technology segment provides customers with IT solutions and cyber security programs, and Innovation Systems produces systems used in missile defense, space and hypersonics programs. Under the merger agreement, legacy Raytheon shareholders will receive 2.3348 shares in the combined company. The company earned $3.07 per share, which was $0.48 below estimates and a 43% drop from the prior year. 5… It serves commercial, defense, and governmental aircraft fleet operators; original equipment manufacturers; and independent service providers, as well as various other domestic and foreign military customers. Source: Second Quarter Results Presentation, slide 3. Meanwhile, Intelligence, Information & Services saw a 5% increase in sales, mostly due to higher volumes of classified programs in the areas of cyber and space. The company operates in two segments, Aviation Services and Expeditionary Services. On that basis, the stock is trading at five times trailing revenue and 140 times net earnings. Everybody loves a cheap stock. General Dynamics also saw increased demand for munitions and armaments. The Turbine Engine Components segment makes components and provides services for jet engines and ground-power turbines. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services. General Dynamics raised its guidance range for 2019 earnings-per-share to $11.85 to $11.90 from $11.60 to $11.70. Based on the current share price of $199 and the revised midpoint for earnings-per-share guidance for the year, Raytheon trades with a multiple of 17.2x earnings. Double-digit growth from classified programs, especially in the areas of small satellites, exquisite systems and next-generation technology programs, accounted for much of the increase. The company also received a $270 million award for missile compartment work under joint development with the U.K. Royal Navy. Based on of our estimates for earnings-per-share of $14.52 for this year, the stock has a P/E ratio of 15. Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. Demand for the F-35 program was especially strong during the quarter. Returns for Huntington Ingalls over the next five years would consist of the following: We forecast that Huntington Ingalls can offer a total annual return of 5.2% over the next five years. Griffon Corporation 5. The annualized dividend of $5.28 represents a payout ratio of just 27% of the midpoint for expected earnings-per-share for 2019. Aerospace sales improved 12.7% as the company delivered 31 Gulf Stream jets in the second quarter compared to 26 deliveries a year ago. L3Harris expects earnings-per-share of $9.60 to $9.70 for the year. There is at least a chance that the deal will not be completed, and therefore we are including the stock in this list in the event the merger does not go through. United Technologies is a commercial aerospace and defense company. L3Harris has only been a combined company for a short time, but we feel that the new company can grow earnings-per-share by 10% annually over the next half-decade. The company increased earnings at a rate of 7.6% over the last 10 years. AAR Corp. was founded in 1951 and is headquartered in Wood Dale, Illinois. The Sypris Electronics segment offers electronic manufacturing services, such as circuit card and full box build manufacturing, high reliability manufacturing, systems assembly and integration, design for manufacturability, and design for specification work for aerospace and defense electronics market. Its jet engines components are used on the USAF F-15 and F-16, the Airbus A-330 and A-380, and the Boeing 777, as well as ground-power turbine applications. Its Defense Electronics segment provides intelligence, surveillance, and communications solutions for defense, aerospace, and commercial customers; and designs, develops, manufactures, and provides logistical support and lifecycle sustainment services to defense, aerospace and commercial customers. The problem is, cheap stocks are hard to find, and they're often cheap for a reason. Consistent with this, General Dynamics raised its dividend 9.7% for the May 2019 payment. Yeah, we are willing to wait, and that is why it is one of the best stocks to buy under $5. We feel that investors are better off investing elsewhere in the defense sector and rate shares of the company as a sell. Missiles and Fire Control grew 16%, resulting from higher sales for classified programs as well as tactical and strike missiles. Earnings-per-share for the year are expected in a range of $3.65 and $3.85, and we expect earnings to grow at 8% annually over the next five years. The company’s products continue to perform well, but we feel that the expected return isn’t enough to justify a buy recommendation at this time. Therefore, total returns would consist of the following: General Dynamics is expected to return 5.6% annually over the next half decade. While we are impressed by the company’s dividend growth track record, the mid-single digits projected growth earns shares of General Dynamics a hold recommendation. Huntington Ingalls is expected to earn $14.52 per share in 2019. We expect that the company will be able to compound earnings-per-share growth by 10% annually through 2024. We feel 14x earnings is more appropriate as this is closer to the stock’s 10-year average valuation. 3 ‘Strong Buy’ Stocks Under $5 With Substantial Upside Potential ... focus has locked in on penny stocks, or tickers trading for less than $5 per share. Second quarter adjusted earnings-per-share from continuing operations came to $2.44, a 39% increase from the previous year. The Thin-Film Equipment segment designs and develops thin-film processing systems that are applied in hard disk drive media, display cover panel, and solar photovoltaic markets. We feel that growth is likely to moderate going forward. Shares yield 1.5% at the moment, but Northrop Grumman has a very low payout ratio. Expected total annual returns would consist of the following: In total, United Technologies is forecasted to return just 2.7% per year through 2024. Missions Systems produces radars, sensors and surveillance and targeting systems. Embraer S.A. was founded in 1969 and is headquartered in São Paulo, Brazil. The company markets its products through a network of sales representatives and distributors. The post 3 Top Stocks Under $5 That Could Surge 100% or More appeared first on The Motley Fool Canada. The Unmanned Systems segment provides unmanned aerial systems, and unmanned ground and seaborne systems. Find best stocks to buy under $5 with our free penny stock search. Kratos Defense & Security Solutions, Inc. provides mission critical products, solutions, and services in the United States and internationally. Thanks for reading this article. For every share of L3 Technologies that they owned, shareholders received 1.30 shares of Harris Corporation. Based on expected earnings and the annualized dividend of $2.74, L3Harris has a payout ratio of 28%. The low end for organic sales growth was also increased. Min: Max: Embraer S.A. designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. The applications include AI, deep learning, seismic research, financial modeling, and security and defense. If shares were to trade at this multiple by 2024, the corresponding impact would reduce annual returns by 4.3% over this period of time. We feel that a P/E ratio of 17 is a more appropriate target. Huntington Ingalls has a stock price of $218. Raytheon, after increasing its dividend 8.7% for the 5/9/2019 payment, has now increased its dividend for 15 years in a row. ... and operates wireless communication systems with clients such as the U.S. department of defense. Investors holding shares of United Technologies will own approximately 57% of the combined company while legacy Raytheon shareholders will own approximately 43% of the combined company. United Technologies was founded in 1934 and has a market capitalization of $119 billion today. Lockheed Martin reported second quarter earnings results on 7/23/2019. And, United Technologies also closed on its $30 billion purchase of Rockwell Collins on 11/26/2018. If shares were to trade at our target P/E ratio of 16 by 2024, then valuation would be a 5.7% headwind to annual returns. Huntington Ingalls is composed of three segments: Newport News Shipbuilding – which builds nuclear powered aircraft carriers and submarines, Ingalls Shipbuilding – which produces surface combat ships, amphibious assault ships and Coast Guard cutters, and Technical Solutions – which provides fleet maintenance, modernization, IT support, nuclear management and operations, and oil and gas engineering. Its Consumer and Professional Products segment manufactures and markets long-handled tools and landscaping products for homeowners and professionals; and wood and wire closet organization, general living storage, and wire garage storage products to home center retail chains, mass merchandisers, and direct-to builder professional installers. Each segment contributed to the decline. ... Northrop Grumman is one of the largest global defense companies. The aerospace and defense sector includes companies that make aircraft and related parts and accessories, along with other parts used in national defense. General Dynamics was also awarded two large contracts during the quarter. 5 Epicenter Stocks To Buy Under $5; Are They On Your Penny Stocks List? Lockheed Martin expects to generate EPS in a range of $20.85 and $21.15 for the year. This is a $685 billion business—almost three times the annual revenue of Amazon. This segment also sells and leases new, overhauled, and repaired engine and airframe parts, and components; and provides inventory and repair programs, warranty claim management, and outsourcing programs for engine and airframe parts and components, as well as performance-based supply chain logistics programs in support of the U.S. Department of Defense and foreign governments. While the stock has one of the highest dividend yields on this list, it also has one of the lowest earnings growth rates. But, the investment thesis on cheap stocks is predicated on huge moves higher in the long-term. Total returns for L3Harris would be made up of: We anticipate that L3Harris will generate an annual return of 5.7% over the next five years. Using the expected midpoint for earnings-per-share for the year of $21, Lockheed Martin stock trades with a P/E ratio of 18.3. The average P/E since 2012 is slightly more than 14. Boeing is one of the biggest companies in the Dow Jones Index, but the firm is having big problems with the 747 MAX.Regardless, it’s one of the leading developers of drone technology. Shares yield 2.1% at the moment. There is no question that defense stocks have been among the hottest stocks in the market in the years since the Great Recession ended. Northrop Aircraft’s iconic B-2 stealth bomber took its first flight in 1989. We anticipate 3% annual growth through 2024. Its products include ERJ 145 family, EMBRAER 170/190 family, and E-Jets family of commercial aircraft. The Communications Systems segment provides communications systems and accessories to support military communications systems, such as radio frequency amplifiers, power supplies and cables, connector assemblies, amplified speakers, equipment mounts, case equipment, man-portable systems, and integrated communication systems for fixed or vehicle applications comprising vehicle adapters, vehicle installed power enhanced rifleman appliqué systems, and SATCOM systems. The combined company will have net debt of $26 billion, with the legacy United Technologies business contributing approximately $24 billion. The combined entity is now the sixth largest defense contractor in the world. With this in mind, we created a downloadable spreadsheet that focuses on defense stocks. Air Industries Group, an aerospace and defense company, designs, manufactures, and sells structural parts and assemblies that focus on flight safety. Lastly, accounting for divestitures, Industrial sales were lower by 8.4% to decreased volumes. Revenue grew 8.1% to $7.2 billion, topping estimates by $140 million. The company serves the Department of Defense, intelligence agencies, and other national and homeland security related agencies; local, state, and foreign governments; and domestic and international commercial customers. Using the midpoint for 2019 guidance of $9.65, the stock has a P/E ratio of 21.5. Service sales improved 5%, but new equipment orders were down 6%. Textron has a market cap of $11.8 billion, with annual revenues of $14 billion. Much like its former parent company, Huntington Ingalls has made repurchasing shares a priority. The company was spun off in March of that year. Using expected earnings-per-share of $19.43, the stock has a P/E ratio of 18.7. Space & Intelligence Systems grew 8%. The company’s Home & Building Products segment manufactures and markets residential and commercial sectional garage doors through professional dealers and home center retail chains under the Clopay, Ideal, and Holmes brands; and rolling steel door and grille products for commercial, industrial, institutional, and retail use under the CornellCookson brand. AAR Corp. 2. This is especially true for EV charging company Blink Charging (NASDAQ:BLNK). Huntington Ingalls builds nuclear and non-nuclear ships for the U.S. Department of Defense. The company was formerly known as Instrument Systems Corporation and changed its name to Griffon Corporation in 1995. Of course you know that their customers are governments with deep pockets and very good record of defense spending. The majority of L3Harris’ sales come from the U.S. government and other defense contractors. Ingalls Shipbuilding had a 1.1% drop in revenues and a 14% decline in operating income. United Technologies reported second quarter earnings results on 7/23/2019. General Dynamics has a current market cap of $55 billion and produced more than $36 billion in sales last year. It operates through two segments, Sypris Technologies and Sypris Electronics. This division had a book-to-bill ratio of 1.2x and a 6% increase in backlog. Its customers include the U.S. government, international agencies, and foreign governments. The Electronic Systems segment had 14% growth, as all three businesses saw increase in demand. Zacks. With rising Covid cases around the U.S. and globally, investors are continuing to search for Covid-related penny stocks to buy. The stock has a current yield of 1.4%. We feel that the company is capable of annual growth of 6% through 2024. The Aerospace & Defense ETF (ITA) has returned more than 31% year-to-date and more than 105% over the past five years. The company has increased its dividend with a compound annual growth rate of 11.6% over the past five years. Defense stocks are one of stocks with a good degree of predictability when it comes to projecting growth, especially US, Chinese and Russian Defense stocks. 2 Healthcare Stocks Under $5 That Could Deliver Triple-Digit Gains. This has helped the company to carve out a niche business for itself. Updated on September 17th, 2019 by Nate Parsh. In addition, it offers airframe inspection, maintenance, repair and overhaul, painting, line maintenance, airframe modification, structural repair, avionic and installation, exterior and interior refurbishment, and engineering and support services; and repairs and overhauls landing gears, wheels, and brakes. Organic sales grew 6% for the quarter. The merger of Raytheon and United Technologies is expected to take place following these previously announced spin offs in the first half of 2020. Textron develops and manufactures military and civilian aircraft, military munitions, recreational vehicles and engines. 5 Stocks Trading Under $5 With Massive Upside Potential While most of Wall Street focuses on large and mega-cap stocks, as they provide a … Lockheed Martin; Boeing; Raytheon; BAE Systems; Northrop Grumman; General Dynamics Publisher. As such if you are looking to swim in that waters, here are cheap (small-cap) defense stocks under $5, $10 and $20 (and the list includes defense penny stocks):eval(ez_write_tag([[580,400],'ai4beginners_com-medrectangle-3','ezslot_2',186,'0','0'])); AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. Corp. was founded in 1959 and is headquartered in Louisville, Kentucky revenue was higher by 2 due. Aerospace, defense, and Security and defense Systems had sales growth 9.60 to $,... Quarter compared to our target valuation effective income tax rate compared to our target ratio. 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