5 Undervalued Defense and Military Stocks to Buy Now

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In this article, we discuss the 5 undervalued defense and military stocks to buy now. If you want to read our detailed analysis of the defense and military sector, go directly to 10 Undervalued Defense and Military Stocks to Buy Now.

5. CACI International Inc. (NYSE:CACI)

Number of Hedge Fund Holders: 26

PE Ratio (as of March 10): 16.42

CACI International Inc. (NYSE:CACI) ranks next on our list of undervalued defense and military stocks to buy. The Virginia-based firm offers services to the intelligence, defense, and federal civilian sector which include digital solutions, engineering services, enterprise IT, and mission support services. CACI International Inc. (NYSE:CACI) also provides cyber products and solutions to the American intelligence community and the United States Department of Defense.

Out of all the hedge funds tracked by Insider Monkey, 26 were long CACI International Inc. (NYSE:CACI) at the close of the fourth quarter, with combined holdings worth $428.8 million. This shows increasing investor confidence in the company from last quarter, where 20 hedge funds held stakes in CACI International Inc. (NYSE:CACI) with an aggregate value of approximately $395 million. Horizon Asset Management was the top shareholder of CACI International Inc. (NYSE:CACI) in the fourth quarter of 2021, with 463,000 shares valued at $124.73 million.

In late January, Raymond James analyst Brian Gesuale upgraded CACI International Inc. (NYSE:CACI) to ‘Outperform’ from ‘Market Perform’, setting a $300 price target. The analyst believes now is an appealing time to hold CACI stock, with geopolitical instability and improving business fundamentals acting as positive catalysts for the firm.

On January 25, CACI International Inc. (NYSE:CACI) acquired Virginia-based IT firm ID Technologies for $225 million, in a deal which will allow CACI to expand its secure network modernization capabilities. As of March 10, CACI International Inc. (NYSE:CACI) has gained 25.25% in the last year, and 14.99% in the last six months.

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