5 Most Undervalued Defense Stocks To Buy According To Hedge Funds

In this article, we will take a look at the 10 most undervalued defense stocks to buy according to hedge funds. To see more such companies, go directly to 10 Most Undervalued Defense Stocks To Buy According To Hedge Funds.

5. Textron Inc. (NYSE:TXT)

Number of Hedge Fund Holders: 36

Textron Inc. (NYSE:TXT) is an aircraft company whose products are used in the defense sector.

In January, Textron Inc. (NYSE:TXT) posted its fourth-quarter results, according to which its adjusted EPS in the period came in at $0.94, missing estimates by $0.13. Revenue in the quarter increased by about 9.3% on a YoY basis to reach $3.63 billion, beating estimates by $30 million. For 2023, Textron Inc. (NYSE:TXT) expects its revenue to total about $14.0 billion, versus the consensus estimate of $13.81 billion.

GAAP EPS for the full-year 2023 is expected to come in the range of $4.40 to $4.60, or $5.00 to $5.20 on an adjusted basis, versus the consensus of $4.50.

Insider Monkey’s proprietary database of 943 hedge funds and their holdings shows that 36 hedge funds had stakes in Textron Inc. (NYSE:TXT) at the conclusion of the fourth quarter of 2022. Among the biggest hedge fund stakeholders of Textron Inc. (NYSE:TXT) are Cliff Asness’ AQR Capital Management ($133.1 million stake) and Mario Gabelli’s GAMCO Investors ($120.3 million stake)