Promising Defense Stocks To Follow Today – March 4th

Boeing, Citigroup, General Electric, Lockheed Martin, and RTX are the five Defense stocks to watch today, according to MarketBeat’s stock screener tool. Defense stocks are shares in companies that manufacture or supply military equipment, advanced technology, and related services primarily to government defense sectors. These stocks are often considered during periods of increased government spending on national security and are influenced by geopolitical factors and changes in defense budgets. 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.

Shares of Boeing stock traded down $11.23 during midday trading on Tuesday, reaching $158.84. The company had a trading volume of 8,389,970 shares, compared to its average volume of 7,577,243. The stock has a fifty day moving average price of $176.72 and a 200 day moving average price of $164.64. Boeing has a fifty-two week low of $137.03 and a fifty-two week high of $203.80. The firm has a market cap of $119.14 billion, a PE ratio of -8.67 and a beta of 1.52.

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.

Citigroup stock traded down $5.22 during mid-day trading on Tuesday, hitting $71.96. 16,930,232 shares of the stock were exchanged, compared to its average volume of 15,545,056. The stock has a market capitalization of $135.60 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 0.64 and a beta of 1.44. Citigroup has a 12 month low of $53.51 and a 12 month high of $84.74. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The firm’s fifty day simple moving average is $77.87 and its two-hundred day simple moving average is $69.49.

General Electric (GE)

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.

Shares of GE traded down $3.76 during trading hours on Tuesday, hitting $198.20. 2,567,673 shares of the stock were exchanged, compared to its average volume of 5,198,981. General Electric has a fifty-two week low of $125.26 and a fifty-two week high of $212.19. The business has a 50-day moving average of $190.89 and a 200-day moving average of $182.42. The firm has a market capitalization of $212.73 billion, a P/E ratio of 32.99, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

Lockheed Martin (LMT)

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.

LMT traded up $3.96 during trading on Tuesday, reaching $455.90. 871,818 shares of the stock traded hands, compared to its average volume of 1,099,293. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock’s 50-day moving average is $465.09 and its 200 day moving average is $524.06. Lockheed Martin has a 12 month low of $419.70 and a 12 month high of $618.95. The stock has a market capitalization of $107.31 billion, a PE ratio of 20.49, a P/E/G ratio of 2.07 and a beta of 0.43.

RTX (RTX)

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.

Shares of NYSE:RTX traded down $4.30 during midday trading on Tuesday, reaching $129.53. The company’s stock had a trading volume of 2,918,848 shares, compared to its average volume of 5,612,831. RTX has a fifty-two week low of $89.14 and a fifty-two week high of $136.13. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The firm has a 50 day moving average price of $123.06 and a two-hundred day moving average price of $121.52. The firm has a market capitalization of $172.54 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 2.11 and a beta of 0.82.