Bank of New York Mellon Corp increased its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 751,881 shares of the aerospace company's stock after purchasing an additional 70,533 shares during the period. Bank of New York Mellon Corp owned 0.93% of Hexcel worth $47,143,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Insigneo Advisory Services LLC lifted its holdings in Hexcel by 3.7% in the 3rd quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company's stock worth $300,000 after purchasing an additional 172 shares in the last quarter. UMB Bank n.a. increased its stake in Hexcel by 1.4% in the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company's stock worth $926,000 after acquiring an additional 202 shares during the last quarter. GAMMA Investing LLC increased its stake in Hexcel by 21.1% in the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company's stock worth $74,000 after acquiring an additional 206 shares during the last quarter. Huntington National Bank increased its stake in Hexcel by 30.8% in the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company's stock worth $59,000 after acquiring an additional 225 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Hexcel by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company's stock worth $2,728,000 after acquiring an additional 232 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have issued reports on HXL. Wells Fargo & Company lifted their price objective on Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a research note on Thursday, November 21st. Royal Bank of Canada lifted their price objective on Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. TD Cowen raised Hexcel to a "hold" rating in a research note on Monday, February 24th. Finally, Truist Financial boosted their target price on Hexcel from $76.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $73.09.
Check Out Our Latest Stock Analysis on Hexcel
Hexcel Trading Up 0.4 %
Hexcel stock traded up $0.24 during mid-day trading on Friday, hitting $58.30. The company's stock had a trading volume of 1,481,529 shares, compared to its average volume of 1,127,494. The company has a 50 day moving average of $64.47 and a 200-day moving average of $62.73. The stock has a market cap of $4.73 billion, a PE ratio of 36.67, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. Hexcel Co. has a one year low of $56.85 and a one year high of $77.08.
Hexcel (NYSE:HXL - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. On average, research analysts anticipate that Hexcel Co. will post 2.14 EPS for the current year.
Hexcel Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.17%. This is a boost from Hexcel's previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. Hexcel's dividend payout ratio is currently 42.77%.
Hexcel Company Profile
(
Free Report)
Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.
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