10 Best Mid Cap Defense Stocks to Buy According to Analysts

3. Moog Inc. (NYSE:MOG-A)

Market Cap: $5.15 billion

Share Price Upside Potential: 35.99%

Moog Inc. (NYSE:MOG-A) designs, manufactures, and integrates precision control components and systems for OEMs and end users in the aerospace, industrial, and defense markets. The company operates through four segments: Space and Defense, Military Aircraft, Commercial Aircraft, and Industrial.

On January 29, the company announced its selection by Lockheed Martin to provide custom actuators for the PAC-3 MSE contract with the Army. This is one of the largest and most significant awards in Moog Inc. (NYSE:MOG-A)’s defense division, valued at over $100 million. The program is aimed at defending the country from inbound ballistic and cruise missiles, aircraft, and other advanced threats.

Moog Inc. (NYSE:MOG-A) reported impressive results for the first quarter of fiscal 2025, with net sales of $910 million, up from $857 million during the prior year’s quarter. The increase was driven by growth in the defense and aerospace businesses. Adjusted diluted net earnings per share were logged at $1.78, growing 16% year-over-year. The company’s 12-month backlog stood at $2.5 billion.

According to Insider Monkey’s database for Q4 2024, 25 hedge funds held a stake in the company, up from 17 at the end of the third quarter. Wall Street analysts are bullish on Moog Inc. (NYSE:MOG-A), with a consensus Strong Buy rating and an average share price upside potential of nearly 36%. It is one of the best mid cap stocks to buy.