Is hwm a buy
7/31/2024 03:59am
**Howmet Aerospace (HWM) appears to be a strong buy**. Here's why:
1. **Positive Analyst Ratings and Price Targets**: The consensus rating for HWM is "Buy," with an average price target of $86.55. This suggests that analysts are optimistic about the stock's future performance.
2. **Strong Industry Outlook**: The aerospace and defense industry is poised for continued spending in 2024, which could benefit HWM. Additionally, the industry is facing talent shortages, which may lead to increased maintenance costs and impact fleet expansion forecasts. This could create opportunities for HWM to fill the gap and capitalize on the industry's growth.
3. **Technical Indicators**: The stock's technical indicators show a 5-day moving average of $84.27, a 10-day moving average of $81.86, and a 20-day moving average of $80.75. The fact that the short-term moving averages are above the long-term averages indicates a recent uptrend in the stock's price.
|Ticker|Name|5-Day Moving Average|20-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|HWM.N|Howmet Aerospace|84.2670|80.7460|81.8575|20240730|HWM|169|
4. **Fundamental Analysis**: Despite a net fund outflow of $2.26 million, HWM's net fund flow (block order) was negative at $-455678.8. This indicates that large investors are still interested in the stock, which is a positive sign for its future performance.
|Ticker|Name|Net Fund Flow|Net Fund Flow (Extra-large Order)|Net Fund Flow (Block Order)|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|HWM.N|Howmet Aerospace|-2258711.4||-455678.8|20240729|HWM|169|
|HWM.N|Howmet Aerospace||||20240730|HWM|169|
In conclusion, HWM's positive analyst ratings, strong industry outlook, recent uptrend in technical indicators, and evidence of investor interest through block orders suggest that the stock is a compelling buy.