Howmet Aerospace: This Unsung Engine Behind Global Aviation Is Fairly Priced

Company Overview - Howmet Aerospace Inc. (NYSE: HWM) produces highly-engineered components that are essential for nearly all actively flying aircraft, including parts for engines, wings, and fuselages [1]. Investment Focus - The company is characterized as a long-term compounder with a strong economic moat, demonstrating resilience, pricing power, and capital efficiency, which are key attributes for outperforming in the market over time [1]. Sector Analysis - The focus areas for investment include Technology, Industrials, and Financials, with an emphasis on companies that possess scalable business models, network effects, or mission-critical offerings [1]. Growth and Returns - The analysis includes a deep dive into capital allocation strategies, margin trajectories, and unit economics to evaluate the sustainability of growth and returns for the company [1].