Below we presented the list of 5 Best Space Stocks to Buy Now. For our detailed discussion and a more comprehensive list please see 16 Best Space Stocks to Buy Now.
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind let’s take a look at the best space stocks to buy:
5. L3Harris (NYSE:LHX)
No of HFs: 42
Total Value of HF Holdings: $1.14 Billion
The fifth best space stock to buy is L3Harris. The company operated in every domain- air, land, sea, space, and cyber. They are responsible for delivering end-to-end solutions that meet customers’ mission-critical needs. Recently, the Missile Defense Agency awarded LHX a $121 million contract to build a prototype satellite that will track hypersonic weapons.
The top hedge fund holder of this stock is Ric Dillion’s Diamond Hill Capital, which had over $174 million invested in the stock at the end of September. An insider recently purchased 161 shares at around $191. The stock is down 0.5% since then.