Defense Stocks Worth Watching – May 10th

Boeing, GE Aerospace, and Analog Devices are the three Defense stocks to watch today, according to MarketBeat’s stock screener tool. Defense stocks are shares of publicly traded companies that design, manufacture or supply military equipment, weapons systems and related services for national defense. Investors buy these stocks to gain exposure to the defense sector, which often benefits from government procurement budgets and long-term contracts. Performance of defense stocks can be influenced by geopolitical tensions, defense spending policies and technological advancements in warfare. These companies had the highest dollar trading volume of any Defense stocks within the last several days.

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 $2.83 during trading on Friday, reaching $194.53. 7,653,112 shares of the stock were exchanged, compared to its average volume of 9,076,297. Boeing has a twelve month low of $128.88 and a twelve month high of $196.95. The company has a market capitalization of $146.68 billion, a P/E ratio of -10.62 and a beta of 1.41. The stock has a 50 day simple moving average of $167.01 and a 200-day simple moving average of $166.84.

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 NYSE:GE traded up $0.34 during trading on Friday, hitting $214.83. 3,777,196 shares of the stock were exchanged, compared to its average volume of 5,359,267. The company’s fifty day simple moving average is $195.24 and its 200-day simple moving average is $187.87. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The company has a market capitalization of $229.09 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $216.80.

Analog Devices (ADI)

Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.

ADI traded up $4.73 during trading on Friday, reaching $207.51. 3,537,537 shares of the company’s stock were exchanged, compared to its average volume of 3,481,962. Analog Devices has a fifty-two week low of $158.65 and a fifty-two week high of $247.10. The company has a market capitalization of $102.92 billion, a P/E ratio of 66.09, a PEG ratio of 2.85 and a beta of 0.98. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $196.04 and a 200 day moving average price of $210.70.