Promising Defense Stocks To Add to Your Watchlist – May 22nd

Analog Devices, GE Aerospace, Citigroup, Onsemi, Boeing, Celestica, and L3Harris Technologies are the seven Defense stocks to watch today, according to MarketBeat’s stock screener tool. Defense stocks are shares of publicly traded companies that design, manufacture, and sell military equipment, weapons systems, and related technologies to governments and defense contractors. Their performance often correlates with national defense budgets, geopolitical tensions, and government procurement cycles. Investors may view them as relatively stable during periods of global uncertainty. These companies had the highest dollar trading volume of any Defense stocks within the last several days.

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.

Shares of ADI traded down $8.08 during midday trading on Thursday, reaching $214.14. 4,465,550 shares of the stock were exchanged, compared to its average volume of 3,531,357. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. Analog Devices has a twelve month low of $158.65 and a twelve month high of $247.10. The company has a market cap of $106.21 billion, a P/E ratio of 68.22, a PEG ratio of 2.85 and a beta of 0.98. The stock’s 50 day simple moving average is $197.63 and its 200 day simple moving average is $210.50.

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.

GE stock traded down $2.33 during midday trading on Thursday, reaching $231.21. The company had a trading volume of 2,394,227 shares, compared to its average volume of 5,330,232. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The company has a market capitalization of $246.56 billion, a price-to-earnings ratio of 38.58, 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 $237.30. The stock has a 50 day moving average price of $200.56 and a 200-day moving average price of $190.76.

Citigroup (C)

Citigroup Inc., a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.

Shares of Citigroup stock traded up $0.15 on Thursday, hitting $73.57. The stock had a trading volume of 5,309,382 shares, compared to its average volume of 14,492,244. The stock has a 50 day moving average of $68.55 and a 200 day moving average of $72.10. Citigroup has a twelve month low of $53.51 and a twelve month high of $84.74. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $137.40 billion, a P/E ratio of 12.37, a PEG ratio of 0.64 and a beta of 1.30.

Onsemi (ON)

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.

Shares of Onsemi stock traded down $0.89 on Thursday, hitting $42.77. The stock had a trading volume of 6,854,691 shares, compared to its average volume of 10,058,334. The stock has a 50 day moving average of $39.84 and a 200 day moving average of $52.53. Onsemi has a twelve month low of $31.04 and a twelve month high of $80.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. The firm has a market capitalization of $17.87 billion, a P/E ratio of 11.78, a PEG ratio of 16.74 and a beta of 1.39.

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.

NYSE:BA traded up $0.86 on Thursday, reaching $204.07. 1,365,380 shares of the stock traded hands, compared to its average volume of 9,188,097. The firm has a market capitalization of $153.87 billion, a price-to-earnings ratio of -11.14 and a beta of 1.41. The company’s 50 day moving average is $174.53 and its 200-day moving average is $169.64. Boeing has a 1-year low of $128.88 and a 1-year high of $209.66.

Celestica (CLS)

Celestica Inc. provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

NYSE:CLS traded up $5.37 on Thursday, reaching $119.40. 1,845,922 shares of the stock traded hands, compared to its average volume of 3,230,005. The firm has a market capitalization of $13.80 billion, a price-to-earnings ratio of 31.93 and a beta of 1.65. The company’s 50 day moving average is $89.32 and its 200-day moving average is $96.64. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica has a 1-year low of $40.25 and a 1-year high of $144.27.

L3Harris Technologies (LHX)

L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.

NYSE:LHX traded up $2.70 on Thursday, reaching $235.29. 920,828 shares of the stock traded hands, compared to its average volume of 1,052,093. The firm has a market capitalization of $43.99 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 2.42 and a beta of 0.72. The company’s 50 day moving average is $215.94 and its 200-day moving average is $219.21. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.57. L3Harris Technologies has a 1-year low of $193.09 and a 1-year high of $265.74.