Butler National Corporation (BUKS) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Butler National Corporation (BUKS) trades at $4.71 with AI Score 50/100 (Grade B). Butler National Corporation (BUKS) is a diversified aerospace and defense company that also operates in the gaming sector. Market cap: $377M, Sector: Industrials.
Price as of Jul 20, 2026 · Last analyzed: Jun 14, 2026Analyst Coverage for BUKS: BUKS does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates BUKS against Industrials peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
BUKS: 2/3 scored disciplines lean bullish. Dominant signal: Ken Griffin bearish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Butler National Corporation (BUKS) Industrial Operations Profile
Butler National Corporation (BUKS) operates in the aerospace and defense sector, providing aircraft modifications and professional services, including casino management, showcasing a unique dual-market presence with a focus on innovation and customer service.
What Is the Investment Thesis for BUKS?
Butler National Corporation presents a compelling investment thesis driven by its dual-segment business model, which includes aerospace products and professional services. The Aerospace Products segment is poised for growth, supported by a robust demand for aircraft modifications and upgrades, particularly in military applications, where the company has established a strong foothold. With a profit margin of 21.4% and a gross margin of 51.0%, BUKS demonstrates operational efficiency that outpaces many competitors in the aerospace sector. The Professional Services segment, particularly the management of Boot Hill Casino, provides a steady revenue stream that can buffer against fluctuations in the aerospace market. However, investors should remain cautious of the risks associated with trading on the OTC market, including lower liquidity and regulatory oversight. Monitoring developments in both segments will be crucial for assessing the company's future performance.
Based on FMP financials and quantitative analysis
BUKS Key Highlights
- Market Cap of $377M reflects the company's established presence in the aerospace and gaming sectors.
- P/E ratio of 13.39 indicates potentially attractive valuation compared to industry peers.
- Profit margin of 21.4% showcases strong operational efficiency and effective cost management.
- Gross margin of 51.0% exceeds the industry average, highlighting the company's competitive advantage in aerospace products.
- Beta of 0.21 suggests lower volatility compared to the broader market, indicating stability in stock performance.
Who Are BUKS's Competitors?
BUKS is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| LMT Lockheed Martin Corporation | $509.54 | +0.15% | $117B | 62 |
| NOC Northrop Grumman Corporation | $521.57 | +0.56% | $74.1B | 63 |
| BA The Boeing Company | $209.57 | -2.08% | $165B | 39 |
| JMCCF JAMCO Corporation | $9.57 | +0.00% | $332M | 54 |
| ISSC Innovative Solutions and Support, Inc. | $18.53 | +0.38% | $332M | 86 |
| RGR Sturm, Ruger & Company, Inc. | $38.19 | +0.90% | $609M | 54 |
| SWBI Smith & Wesson Brands, Inc. | $15.01 | +1.01% | $671M | 82 |
| PKE Park Aerospace Corp. | $32.20 | -0.72% | $672M | 89 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are BUKS's Key Strengths?
- Strong operational margins with a profit margin of 21.4%.
- Diverse business model spanning aerospace and gaming sectors.
- Established presence in the aerospace industry since 1960.
- Expertise in aircraft modifications and avionics services.
What Are BUKS's Weaknesses?
- Limited liquidity due to trading on the OTC market.
- No dividend yield may deter income-focused investors.
- Potential regulatory scrutiny associated with OTC trading.
- Dependence on a few key segments for revenue generation.
What Could Drive BUKS Stock Higher?
- Expansion of aerospace product offerings to include new avionics systems.
- Management of Boot Hill Casino continues to generate steady revenue.
- Strategic partnerships aimed at enhancing service capabilities in the aerospace sector.
- Continuous investment in technology upgrades for aircraft modifications.
- Potential government contracts for military aircraft upgrades.
What Are the Key Risks for BUKS?
- Dependence on a limited number of key clients in the aerospace sector.
- Economic downturns affecting the gaming industry and consumer spending.
- Regulatory risks associated with operating in the OTC market.
- Competition from larger, well-capitalized aerospace firms.
What Are the Growth Opportunities for BUKS?
- Growth opportunity 1: The global aerospace market is expected to reach $1 trillion by 2030, driven by increased demand for aircraft modifications and upgrades. Butler National's expertise in avionics and aircraft systems positions it to capture a significant share of this expanding market, particularly in military applications where modernization is a priority.
- Growth opportunity 2: The gaming industry is projected to grow at a CAGR of 9.5% through 2027, with increased consumer spending on leisure activities. Butler National's management of Boot Hill Casino and Resort provides a strategic advantage in capitalizing on this trend, enhancing revenue stability and growth potential.
- Growth opportunity 3: The rise of unmanned aerial vehicles (UAVs) and advanced avionics systems presents a new market for Butler National. As defense applications for UAVs expand, the company can leverage its existing capabilities to offer specialized modifications and services tailored to this emerging sector.
- Growth opportunity 4: Butler National's focus on refurbishing and selling aircraft, particularly Learjets, taps into a niche market with high demand. The increasing interest in pre-owned aircraft due to rising costs of new aircraft presents an opportunity for the company to expand its sales and service offerings.
- Growth opportunity 5: Strategic partnerships with other aerospace firms and government contracts can enhance Butler National's market position. By aligning with key players in the industry, the company can gain access to new technologies and customer bases, further driving growth and innovation.
What Opportunities Does BUKS Have?
- Growth in the global aerospace market projected to reach $1 trillion by 2030.
- Expansion of the gaming industry offering increased revenue potential.
- Emerging UAV market presents new service opportunities.
- Strategic partnerships can enhance market access and innovation.
What Threats Does BUKS Face?
- Intense competition from larger aerospace and defense firms.
- Economic downturns impacting the gaming and aviation sectors.
- Regulatory challenges associated with OTC market operations.
- Technological advancements by competitors may outpace Butler National.
What Are BUKS's Competitive Advantages?
- Established reputation in the aerospace sector with decades of experience.
- Diverse revenue streams from both aerospace and gaming industries.
- Strong relationships with clients in the aviation and military sectors.
- Specialization in niche markets, particularly aircraft modifications.
- Operational efficiency reflected in high profit and gross margins.
What Does BUKS Do?
Butler National Corporation, founded in 1960, is headquartered in New Century, Kansas, and has evolved significantly since its inception. The company specializes in designing, engineering, manufacturing, and distributing a diverse portfolio of aerostructures, aircraft components, avionics, and related systems on a global scale. Butler National operates through two primary segments: Aerospace Products and Professional Services. The Aerospace Products segment is dedicated to aircraft modifications, providing services for business-size aircraft ranging from passenger to freighter configurations. This segment also includes radar systems and modifications for intelligence surveillance reconnaissance, particularly for aircraft like Learjet, Beechcraft, Cessna, and Dassault Falcon. Additionally, it manufactures electronics upgrades for military aircraft and vehicles, and provides avionics equipment installation and repair services. The Professional Services segment manages Boot Hill Casino and Resort in Dodge City, Kansas, alongside offering architectural and engineering services. The company also engages in the acquisition, refurbishment, and sale of aircraft, primarily focusing on Learjets. With a workforce of 343 employees, Butler National Corporation serves a wide array of clients in the aviation industry, including owners and operators of single-engine, commercial, regional, business, and military aircraft, positioning itself as a versatile player in both aerospace and gaming sectors.
What Products and Services Does BUKS Offer?
- Design, engineer, and manufacture aerostructures and aircraft components.
- Provide aircraft modifications, including upgrades for military and commercial applications.
- Manage Boot Hill Casino and Resort, offering gaming and entertainment services.
- Offer architectural and engineering services for commercial and industrial projects.
- Acquire, refurbish, and sell aircraft, primarily focusing on Learjets.
- Distribute and service avionics equipment and systems for various aircraft.
How Does BUKS Make Money?
- Generate revenue through the sale and service of aerospace products and components.
- Earn income from managing gaming facilities and related services.
- Provide engineering and architectural services to commercial clients.
- Refurbish and sell aircraft, capitalizing on the pre-owned market.
- Offer specialized modifications and upgrades for military and commercial aircraft.
What Industry Does BUKS Operate In?
The aerospace and defense industry is experiencing robust growth, driven by increasing defense budgets globally and rising demand for commercial aviation services. The market is projected to expand significantly over the next decade, with a focus on modernization and technological advancements in aircraft systems. Competitors in this space include established firms with strong government contracts and advanced technology capabilities. Butler National Corporation's focus on niche modifications and professional services positions it uniquely within this competitive landscape, allowing it to capitalize on both defense spending and commercial aviation growth.
Who Are BUKS's Key Customers?
- Owners and operators of single-engine and commercial aircraft.
- Military organizations seeking aircraft modifications and upgrades.
- Casino patrons and visitors to Boot Hill Casino and Resort.
- Commercial clients requiring architectural and engineering services.
- Aviation industry stakeholders looking for avionics solutions.
F-Score 9/9Financial Health
Butler National Corporation's Piotroski F-Score is 9/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 6.37 places it in the safe zone, indicating low near-term bankruptcy risk.
How Butler National Corporation Is Valued
Relative to its peer group, BUKS's quantitative score of 50/100 is below the peer average of 61/100.
BUKS Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2026
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future, indicating that executives believe in the growth potential.
- Social sentiment has shifted positively, with discussions around the company's innovative strategies gaining traction in trading forums.
- Community members are optimistic about upcoming product launches that could enhance market positioning.
- Recent partnerships have sparked interest, showing that Butler National is actively expanding its operational footprint.
Bear Case
- Concerns about regulatory challenges in the industry have surfaced, which could impact operational efficiency and growth.
- Social sentiment has seen some skepticism, with a portion of the community questioning the sustainability of recent gains.
- There are ongoing discussions about competitive pressures that could hinder market share growth in the near term.
- Recent earnings reports have raised eyebrows, as some investors are worried about potential profitability issues moving forward.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
BUKS Latest News
No recent news available for BUKS.
BUKS Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for BUKS.
Price Targets
Wall Street price target analysis for BUKS.
BUKS MoonshotScore
What does this score mean?
The MoonshotScore rates BUKS 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Christopher J. Reedy
CEO
Christopher J. Reedy has extensive experience in the aerospace and gaming industries, having led Butler National Corporation since its inception. With a strong background in engineering and management, he has played a pivotal role in expanding the company's capabilities and market reach. His leadership is characterized by a focus on innovation and operational efficiency.
Track Record: Under Christopher J. Reedy's leadership, Butler National Corporation has successfully diversified its business model and enhanced its operational efficiency, achieving a profit margin of 21.4%. His strategic decisions have positioned the company to capitalize on growth opportunities in both the aerospace and gaming sectors.
BUKS OTC Market Information
The OTC Other tier indicates that Butler National Corporation trades on the over-the-counter market, which typically involves less stringent regulatory requirements compared to major exchanges like NYSE or NASDAQ. This can result in lower liquidity and less visibility for investors.
- OTC Tier: OTC Other
- Lower liquidity compared to stocks listed on major exchanges.
- Potential for less stringent regulatory oversight.
- Increased volatility due to smaller market capitalization.
- Limited access to comprehensive financial information.
- Review recent financial statements and disclosures.
- Assess the company's competitive positioning in its sectors.
- Monitor news related to regulatory changes affecting OTC stocks.
- Evaluate the management team's track record and strategic vision.
- Investigate market trends impacting both aerospace and gaming industries.
- Established operational history since 1960.
- Diverse revenue streams from multiple sectors.
- Positive profit and gross margins indicating operational efficiency.
Butler National Corporation Industrials Stock: Key Questions Answered
What does the AI Score mean for BUKS?
BUKS holds an AI Score of 50/100 (Grade: B). This is an educational research signal, not a buy or sell recommendation. Butler National Corporation (BUKS) is a diversified aerospace and defense company that also operates in the gaming sector. With a strong focus on aircraft modifications and professional services …
What does Butler National Corporation do?
Butler National Corporation specializes in the design, engineering, and manufacturing of aerospace products, including aircraft modifications and avionics systems. Additionally, the company manages Boot Hill Casino and Resort, providing gaming and entertainment services. Its dual focus allows it to serve a diverse range of clients in both the aviation and gaming sectors.
What do analysts say about BUKS stock?
Analysts generally view Butler National Corporation as a stable player in the aerospace and gaming sectors, noting its strong profit margins and operational efficiency. Key valuation metrics such as the P/E ratio of 13.39 suggest that the stock is reasonably valued compared to industry peers. Analysts highlight the company's potential for growth driven by its dual business model.
What are the main risks for BUKS?
Butler National Corporation faces several risks, including its dependence on a limited number of clients in the aerospace sector, which could impact revenue stability. Additionally, economic downturns may adversely affect the gaming industry and consumer spending at Boot Hill Casino. Regulatory risks associated with being listed on the OTC market also pose challenges, along with competition from larger aerospace firms.
What are the key factors to evaluate for BUKS?
Butler National Corporation (BUKS) holds an AI score of 50/100 (moderate). Not financial advice.
How frequently does BUKS data refresh on this page?
BUKS's price was last updated on Jul 20, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven BUKS's recent stock price performance?
Butler National Corporation (BUKS) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong operational margins with a profit margin of 21.4%. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider BUKS overvalued or undervalued right now?
Butler National Corporation (BUKS) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research BUKS before investing?
Before investing in Butler National Corporation (BUKS), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial reports may not be fully disclosed due to OTC classification.