Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Howmet Aerospace Inc (NYSE: HWM)
Howmet Aerospace derives the vast majority of its revenue supplying specialty metals to the aerospace and defense end market, although it has a smaller presence in certain other end markets as well. Despite emerging from an aluminum-centric parent company, only 20% of its volumes are aluminum products. Instead, superalloys constitute roughly 60% of volumes and titanium products account for the balance. Key value-added product lines are frequently used in applications that require stress tolerance as well as corrosion and heat resistance.
A quick look at the price chart below for Howmet Aerospace shows us that the stock is down 28% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 8.23, which means that it’s undervalued.
Superinvestors who currently hold positions in Howmet Aerospace:
Steve Romick – 12,879,824 shares
Steve Mandel – 7,888,593 shares
Cliff Asness – 5,659,246 shares
Ken Griffin – 2,735,867 shares
Jim O’Shaughnessy – 2,565,439 shares
Jim Simons – 1,850,400 shares
Joel Greenblatt – 875,918 shares
Mario Gabelli – 103,459 shares
Israel Englander – 23,137 shares
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