Boeing deliveries in March jump by 41% compared to a year earlier
Written by Emily J. Thompson, Senior Investment Analyst
Source: Reuters
Boeing's Jet Deliveries: Boeing delivered 41 jets in March, a significant increase from 29 jets in the same month last year, totaling 130 deliveries for the first quarter of 2024, including 104 of its 737 MAX models.
Order Growth and Challenges: The company secured 163 net orders in March, boosting its backlog to 5,648, despite facing production challenges due to labor strikes, regulatory issues, and potential trade war impacts on supply chains.
Analyst Views on HWM
Wall Street analysts forecast HWM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HWM is 236.77 USD with a low forecast of 209.00 USD and a high forecast of 258.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 217.700
Low
209.00
Averages
236.77
High
258.00
Current: 217.700
Low
209.00
Averages
236.77
High
258.00
About HWM
Howmet Aerospace Inc. is a global provider of advanced engineered solutions for the aerospace and transportation industries. The Company’s primary business focus is on jet engine components, aerospace fastening systems, and airframe structural components. Its Engine Products segment produces investment castings, including airfoils, and seamless rolled rings primarily for aircraft engines and industrial gas turbine applications. Its Fastening Systems segment produces aerospace fastening systems, as well as commercial transportation, industrial and other fasteners. Its Engineered Structures segment produces titanium ingots and mill products for aerospace and defense applications and is vertically integrated to produce titanium forgings, titanium extrusions, and machining services for airframe, wing, aero-engine, and landing gear components. Its Forged Wheels segment provides forged aluminum wheels and related products for heavy-duty trucks and the commercial transportation market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
