passenger jet. Then there was the LAPD's new air drone program controversy. Finally, there is now clothing you can wear to protect you from drones. By the way, drones are also known as Unmanned Aerial Vehicles or UAVs.
So if you are an investor and want to use drone stocks to make you portfolio take off, you have over ten stocks to choose from involved with drones in some way, according to the free list of drone stocks at WallStreetNewsNetwork.com. Several of them even pay dividends.
The company closest to a pure play in drones is AeroVironment (AVAV), which was founded in 1971. The company sells more small drones to the U. S. Government than any other company, which includes the Raven, the Wasp, and the Puma. AeroVironment is also involved in the production of electric and solar vehicles.
The stock trades at 152 times trailing earnings and 58 times forward earnings. For the quarter ending January 25, the company generated an incredible 190% increase in earnings on a 47% revenue boost. One of the best features about the company is that it is debt free with $7.51 in cash per share.
AeroVironment happens to have a strategic partnership with Lockheed Martin (LMT), another company involved in the production of drones, including the Stalker. Drones are obviously a small portion of their business. The company trades at 17 times training earnings and has a forward price to earnings ratio of 14. The stock also pays a dividend of 3.2%.
Other companies involved in drone production include Elbit Systems (ESLT), which makes the Hermes and Skylark families of UAVs, Boeing (BA) which makes the hydrogen-powered Phantom Eye drone, and Northrop Grumman (NOC), producer of the Global Hawk drones.
For a list of the publicly traded drone stocks, which includes information on the PE ratio, the forward PE ratio, and the drone business, go to WallStreetNewsNetwork.com.Maybe some of these stocks will be high flyers.
Disclosure: Author didn't own any of the above at the time the article was written.