Penserra Capital Management LLC Has $761,000 Holdings in Howmet Aerospace Inc. $HWM

Penserra Capital Management LLC increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1,859.1% during the third quarter, HoldingsChannel.com reports. The firm owned 3,879 shares of the company’s stock after buying an additional 3,681 shares during the period. Penserra Capital Management LLC’s holdings in Howmet Aerospace were worth $761,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in Howmet Aerospace by 5.4% in the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock valued at $279,000 after buying an additional 130 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Howmet Aerospace during the 1st quarter valued at about $399,000. Sivia Capital Partners LLC bought a new stake in Howmet Aerospace in the second quarter valued at about $216,000. Venturi Wealth Management LLC raised its position in Howmet Aerospace by 3.1% in the second quarter. Venturi Wealth Management LLC now owns 2,093 shares of the company’s stock worth $390,000 after purchasing an additional 62 shares in the last quarter. Finally, Valmark Advisers Inc. acquired a new position in Howmet Aerospace in the second quarter worth about $224,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM opened at $223.44 on Friday. Howmet Aerospace Inc. has a twelve month low of $105.04 and a twelve month high of $226.87. The firm has a market cap of $89.84 billion, a PE ratio of 62.76, a price-to-earnings-growth ratio of 2.11 and a beta of 1.26. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35. The business has a fifty day moving average of $208.52 and a 200-day moving average of $196.34.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s payout ratio is currently 13.48%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Howmet Aerospace from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. Morgan Stanley set a $225.00 price objective on Howmet Aerospace and gave the stock an “overweight” rating in a research note on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a research note on Thursday, January 22nd. Truist Financial set a $258.00 target price on shares of Howmet Aerospace in a research report on Friday, January 9th. Finally, TD Cowen reissued a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average target price of $224.53.

Howmet Aerospace Company Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.