VirTra Inc (VTSI)

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Insider Monkey - Hamza Sajid Malik
10 Undervalued Defense and Military Stocks to Buy Now

10. VirTra, Inc. (NASDAQ:VTSI)

Number of Hedge Fund Holders: 4
PE Ratio (as of March 10): 14.22

VirTra, Inc. (NASDAQ:VTSI) starts off our list of undervalued defense and military stocks to buy. Based in Arizona, the company provides firearms training simulators, and driving simulators for military, law enforcement, educational, and commercial markets around the globe.

In December 2021, VirTra, Inc. (NASDAQ:VTSI) was given a standing offer from the Canadian government to supply marksmanship and judgmental use of force simulation technology to various law enforcement, border protection and corrections facilities throughout the country. This offer will allow the Government of Canada to repeatedly purchase goods/services at pre-arranged prices from VirTra, Inc. (NASDAQ:VTSI). In February, the firm received its first orders under this standing offer from a Canadian law enforcement agency.

VirTra, Inc. (NASDAQ:VTSI) also received two orders for its simulation technology from two foreign countries in January, worth $1.6 million and $1.1 million each. These purchases include simulators, software, content and associated training tools.

Jim Simons' Renaissance Technologies upped its stake by 455% in VirTra, Inc. (NASDAQ:VTSI) during Q4 2021, holding roughly 111,000 shares worth $776,000, which made it the largest shareholder of the firm. In total, 4 hedge funds were bullish on VirTra, Inc. (NASDAQ:VTSI) stock in the fourth quarter, same as the quarter before.

In addition to Northrop Grumman Corporation (NYSE:NOC), Lockheed Martin Corporation (NYSE:LMT) and Huntington Ingalls Industries, Inc. (NYSE:HII), VirTra, Inc. (NASDAQ:VTSI) is a top undervalued defense and military stock to buy.