Connor Clark & Lunn Investment Management Ltd. decreased its holdings in shares of Hexcel Co. (NYSE:HXL - Free Report) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,835 shares of the aerospace company's stock after selling 17,416 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.11% of Hexcel worth $5,445,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in HXL. Insigneo Advisory Services LLC increased its position in Hexcel by 3.7% during the 3rd quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company's stock valued at $300,000 after buying an additional 172 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Hexcel by 1.4% during the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company's stock valued at $926,000 after buying an additional 202 shares during the period. GAMMA Investing LLC increased its position in shares of Hexcel by 21.1% during the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company's stock valued at $74,000 after purchasing an additional 206 shares during the last quarter. Huntington National Bank increased its stake in shares of 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 purchasing an additional 225 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings 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 in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.
Hexcel Stock Performance
HXL traded down $1.02 during trading on Thursday, reaching $56.83. 569,453 shares of the company's stock were exchanged, compared to its average volume of 905,315. The company's fifty day simple moving average is $63.42 and its 200-day simple moving average is $62.34. The stock has a market capitalization of $4.61 billion, a P/E ratio of 35.74, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. Hexcel Co. has a 1 year low of $55.25 and a 1 year high of $73.58.
Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly 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%. As a group, research analysts predict that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.
Hexcel Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Hexcel's previous quarterly dividend of $0.15. Hexcel's dividend payout ratio is currently 42.77%.
Wall Street Analysts Forecast Growth
HXL has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Royal Bank of Canada raised their price objective on shares of 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 shares of Hexcel to a "hold" rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a research note on Thursday, November 21st. Finally, StockNews.com upgraded shares of Hexcel from a "hold" rating to a "buy" rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $73.09.
Check Out Our Latest Stock Report on Hexcel
Hexcel 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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