Butler National Corporation (BUKS)
OTCQB OTCQB Primary 
Butler National Corporation: Undervalued In Relation To Peers
Butler National earns a Buy rating, driven by explosive aerospace segment growth and clear undervaluation versus peers. BUKS' aerospace revenues surged 92% YoY, supported by a $51.1 million backlog and operational efficiencies at Avcon and Butler-Tempe. While recent growth benefited from some timing effects, double-digit revenue growth appears sustainable given industry trends and backlog strength.
Butler National: The Aerospace Transformation Is Accelerating
Butler National is now driven by its Aerospace segment, which delivered 92% YoY growth and comprises 71% of revenue. Despite a 160% stock rally, BUKS trades at 12x LTM earnings, with a PEG of 0.16x, well below sector medians. I assign a Strong Buy rating, targeting $7-8/share (80% upside), based on 20% FY2027 revenue growth and 20% net margin assumptions.
Butler National Q1 Earnings Call Highlights
Butler National OTCMKTS: BUKS reported higher first-quarter fiscal 2027 revenue, operating income and net income, driven primarily by sharp growth in its aerospace products segment, according to management's shareholder conference call.
Butler National: The Multi-Year Aerospace Growth Story Is Just Beginning
Butler National Corporation maintains a strong buy rating, driven by robust aerospace growth and margin expansion. Recent muted share price performance reflects sector rotation, cost inflation risks, and delayed NASDAQ uplisting catalysts. FY26 sales grew 17% to $98M, with aerospace up 33% and operating margin expanding from 20% to 29%.
Butler National Q4 Earnings Call Highlights
Butler National OTCMKTS: BUKS reported record fiscal 2026 results, driven by strong growth in its aerospace products segment, while management said a CEO search and continued investment in engineering and mission systems capabilities are among the company's top priorities.
Butler National: From Gambling To Strong Aerospace Buy (Upgrade)
Butler National Corporation is upgraded to 'Strong Buy' as the aerospace segment drives robust growth and margin expansion. Q3 revenues surged 27% to $21.2 million, with aerospace sales up 50% and now comprising nearly two-thirds of total revenues. Upgraded price target to $5.77 for FY28, implying 42% upside, supported by 11.5% revenue and 16.5% EBITDA growth assumptions.
Butler National Corporation (BUKS) Q3 2026 Earnings Call Transcript
Butler National Corporation (BUKS) Q3 2026 Earnings Call Transcript
Butler National: The Strangest Aerospace Stock And Why It's Still A Buy
Butler National Corporation remains a buy, supported by a $3.56 2027 price target and a multi-year growth trajectory. BUKS's aerospace segment is the clear growth driver, with 20% revenue growth and margin expansion from 21% to 38%. Casino operations face headwinds, but provide stable cash flow to fund aerospace expansion and transformation into a high-margin niche integrator.
Butler National Corporation (BUKS) Q2 2026 Earnings Call Transcript
Butler National Corporation (BUKS) Q2 2026 Earnings Call Transcript
Butler National Stock Hits Target: Here's Why I'm Staying Bullish
Butler National Corporation offers a unique mix of aerospace/defense and gambling exposure, with recent aerospace strength offsetting gaming weakness. Aerospace segment revenues and margins surged, driven by robust defense demand and operating efficiency, while casino revenues declined due to local economic softness. Current fair value is $2.18, but with strong EBITDA growth, BUKS could reach $3.02, offering up to 26% upside from current levels.
Butler National: Overlooked Aerospace Company At A Cheap Multiple
Butler National is undervalued due to its underperforming Casino segment overshadowing strong Aerospace growth and margin improvement. Aerospace Products segment backlog and margins are rising, but overall results are dragged down by stagnant Casino & Gaming sales. Sum-of-the-parts valuation suggests shares could double, with a fair value of $3.50 versus current prices, reflecting deep undervaluation.
Butler National: American Defense Company Betting On Growth In Europe (Rating Upgrade)
I am upgrading Butler National Corporation to a buy, as the recent stock price decline creates a more attractive entry point. Aerospace segment drives growth, with strong sales increases in Europe and Asia, while Professional Services (casino) remains flat. Valuation is compelling at current levels, with conservative price targets now signaling upside potential of 14-15%.
