13 Best Defense Stocks to Buy According to Billionaires

9. Triumph Group, Inc. (NYSE:TGI)

Number of Billionaires: 12

Billionaire Holdings: $72,451,524

Triumph Group, Inc. (NYSE:TGI) is an American aerospace and defense company that designs, engineers, manufactures, repairs, and overhauls complex aerospace structures and systems for both the commercial and military markets.

The company’s shares have surged 36% year-to-date, with a major spike following the announcement on February 3 that Triumph Group, Inc. (NYSE:TGI) had signed an agreement to be acquired by affiliates of Berkshire Partners and Warburg Pincus for an enterprise value of $3 billion. It will become a privately held company following the completion of the acquisition.

Triumph Group, Inc. (NYSE:TGI)’s financial position remains impressive. During its recent Q3 FY25 earnings call, the company reported net sales of $315.6 million, up 11% from last year. Adjusted earnings per share came in at $0.27 and exceeded analyst expectations of $0.24. It had an adjusted EBITDAP margin of 18% and generated $32.3 million in free cash flow during the quarter.

On February 24, Triumph Group, Inc. (NYSE:TGI) expanded its role in the M777 Howitzer program by extending its agreement with BAE Systems and the US Army as a strategic supplier of critical components. Analysts expect the partnership to open more doors for future military projects, positioning TGI well for further growth over the long run.

According to Insider Monkey’s database for Q4 2024, 25 hedge funds held a stake in Triumph Group, Inc. (NYSE:TGI), up from 24 at the end of the third quarter. Moreover, 12 billionaires have holdings valued at over $72 million in the company.