5 Best Aerospace Stocks To Buy On Sale

In this article, we discuss the 5 best aerospace stocks to buy on sale. If you want to read our detailed analysis of these stocks, go directly to 13 Best Aerospace Stocks To Buy On Sale. 

5. AAR Corp. (NYSE:AIR)

Number of Hedge Fund Holders: 19

Decline in Share Price Over Past Month as of January 23: 7.5%

AAR Corp. (NYSE:AIR) provides products and services to commercial aviation, government, and defense markets. In late December, AAR Corp. (NYSE:AIR) announced that it had signed a multi-year contract extension and expansion for flight-hour component support services with Dublin-based ASL Aviation Holdings.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Rubric Capital Management is a leading shareholder in AAR Corp. (NYSE:AIR) with 1.2 million shares worth more than $73 million.

In its Q3 2023 investor letter, Mairs & Power, an asset management firm, highlighted a few stocks and AAR Corp. (NYSE:AIR) was one of them. Here is what the fund said:

“Relative outperformance in the period came from AAR Corp. (NYSE:AIR). AAR Corp. (AIR), a supplier of parts and maintenance/repair services to the airline industry, is benefiting from a rebound in air miles traveled, and driving margins higher for the company.”