5 Best Defense Stocks to Buy That Are Too Cheap to Ignore

In this piece, we will take a look at the five best defense stocks to buy that are too cheap to ignore. For an industry background and more cheap stocks, head on over to 10 Best Defense Stocks to Buy That Are Too Cheap to Ignore.

5. Embraer S.A. (NASDAQ:ERJ)

Share Price as of October 13, 2022: $8.85

Number of Hedge Fund Holders: 11

Embraer S.A. (NASDAQ:ERJ) is a Brazilian company that manufactures and sells aircraft systems in North America, Brazil, Europe, and globally. The firm’s products include radars and communications systems and it is headquartered in Sao Paulo, Brazil.

Embraer S.A. (NASDAQ:ERJ) is the world’s largest jet manufacturer, after having delivered 150 seats over the past decade. It is also one of the most prominent aviation firms in the world, as it has partnered up with big ticket names such as Thales Alenia and BAE Systems.  To top things up, Embraer S.A. (NASDAQ:ERJ) also has a fortress balance sheet with no debt and $176 million in cash as of Q2 2022.

Insider Monkey’s Q2 2022 survey of 895 hedge funds saw 11 investors hold Embraer S.A. (NASDAQ:ERJ)’s shares. Wolfe Research set a $14 share price target for the company in October 2022, as it stated that costs and airline orders present a huge opportunity.

Embraer S.A. (NASDAQ:ERJ)’s largest investor is Paul Marshall and Ian Wace’s Marshall Wace LLP which owns 3.5 million shares that are worth $31 million.