5 Best Aerospace and Defense Stocks to Invest In

In this piece, we will take a look at the five best aerospace and defense stocks to invest in. If you want to learn more about why aerospace and defense stocks shape the world as we know it, then take a look at 13 Best Aerospace and Defense Stocks to Invest In.

5. HEICO Corporation (NYSE:HEI)

Number of Q3 2023 Hedge Fund Shareholders: 46

HEICO Corporation (NYSE:HEI) makes and sells a wide variety of defense products such as engine parts, radiation shielding products, and other items. The firm scored a big win in January 2024 when its CEO won an award from the illustrious Living Legends of Aviation.

For their Q3 2023 shareholdings, 46 out of the 910 hedge funds profiled by Insider Monkey were HEICO Corporation (NYSE:HEI)’s shareholders. Francois Rochon’s Giverny Capital owned the largest stake which was worth $92 million.

4. Lockheed Martin Corporation (NYSE:LMT)

Number of Q3 2023 Hedge Fund Shareholders: 60

Lockheed Martin Corporation (NYSE:LMT) is the well known American defense and aerospace stock that makes some of the most advanced aircraft in the world. As 2024 marks the expansion of conflict in the Middle East, Lockheed Martin Corporation (NYSE:LMT) is busy expanding its global partnership and has teamed up with Saudi companies to allow them to make components of its missile defense system.

Insider Monkey scoured through 910 hedge fund holdings for last year’s third quarter and discovered that 60 had bought the firm’s shares. Lockheed Martin Corporation (NYSE:LMT)’s biggest hedge fund investor is John Overdeck and David Siegel’s Two Sigma Advisors as it owns 895,100 shares that are worth $366 million.

3. RTX Corporation (NYSE:RTX)

Number of Q3 2023 Hedge Fund Shareholders: 63

RTX Corporation (NYSE:RTX) is an American firm whose products complement Lockheed’s. While Lockheed makes the planes, its RTX Corporation (NYSE:RTX)’s missiles ensure that the aircraft remains a lethal threat. February 2024 is shaping up to be a crucial month for the firm as it has drawn the SEC’s scrutiny over an investigation related to disclosures of an engine failure.

As of September 2023 end, 60 out of the 910 hedge funds tracked by Insider Monkey were RTX Corporation (NYSE:RTX)’s shareholders. Ken Fisher’s Fisher Asset Management owned the largest stake which was worth $681 million.

2. The Boeing Company (NYSE:BA)

Number of Q3 2023 Hedge Fund Shareholders: 64

The Boeing Company (NYSE:BA) is another aerospace and defense behemoth. It makes satellites, weapons, and a wide variety of other defense products. These days though The Boeing Company (NYSE:BA) is facing the heat for its 737-Max, as investigators wonder whether the jet left its factory without critical bolts that would have prevented a blowout in mid air.

For their third quarter of 2023 shareholdings, 64 out of the 910 hedge funds polled by Insider Monkey had invested in the firm. The Boeing Company (NYSE:BA)’s biggest hedge fund shareholder in our database is Ken Fisher’s Fisher Asset Management as it owns $926 million worth of shares.

1. TransDigm Group Incorporated (NYSE:TDG)

Number of Q3 2023 Hedge Fund Shareholders: 67

TransDigm Group Incorporated (NYSE:TDG) provides components used in aircraft structure, operation, communication, and other areas. The shares are rated Strong Buy on average, but the average share price target is lower than the current market share price of $1,143.

67 out of the 910 hedge funds part of Insider Monkey’s Q3 2023 database had bought and owned TransDigm Group Incorporated (NYSE:TDG)’s shares. Mark Massey’s AltaRock Partners was the largest investor due to its $1.1 billion stake.

Disclosure: None. You can also take a look at 13 Most Advanced Countries in Robotics and 15 Best Blue Chip Dividend Stocks To Buy.

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