5 Best Defense Stocks to Buy That Are Too Cheap to Ignore

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1. Ducommun Incorporated (NYSE:DCO)

Share Price as of October 13, 2022: $41.96

Number of Hedge Fund Holders: 23

Ducommun Incorporated (NYSE:DCO) is an aerospace and defense engineering and manufacturing services provider. The firm makes and sells products such as circuit boards, and avionics racks. radar enclosures, and surge protectors. The company is headquartered in Santa Ana, California, the United States.

Ducommun Incorporated (NYSE:DCO) has some of the strongest current and future growth estimates in the defense industry. The firm is estimated to grow its revenues during its current fiscal year by 21%, and at an average of 15.8% for the next five years. Ducommun Incorporated (NYSE:DCO) also has the highest upside share price reward and the lowest downside risk among its peers.

Ducommun Incorporated (NYSE:DCO) grew its revenue by 9% during its second fiscal quarter, and its backlog grew by 50% to stand at $419 million at quarter end. Insider Monkey’s Q2 2022 survey of 895 hedge funds saw 23 investors in the firm.

Out of these, Chuck Royce’s Royce & Associates is Ducommun Incorporated (NYSE:DCO)’s largest investor. It owns 399,402 shares that are worth $17 million.

Disclosure: None. You can also take a look at 13 Best Cybersecurity Stocks To Buy and 10 Best Stocks to Buy Now According to Billionaire Andreas Halvorsen.

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