Earnest Partners LLC boosted its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,816,442 shares of the aerospace company's stock after purchasing an additional 37,442 shares during the period. Hexcel accounts for about 1.3% of Earnest Partners LLC's investment portfolio, making the stock its 10th biggest holding. Earnest Partners LLC owned 5.94% of Hexcel worth $301,991,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of HXL. Allworth Financial LP grew its stake in shares of Hexcel by 1,069.8% in the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after buying an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Hexcel in the 4th quarter valued at about $49,000. Manchester Capital Management LLC increased its stake in shares of Hexcel by 100.0% during the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock worth $53,000 after purchasing an additional 420 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Hexcel in the 4th quarter valued at about $57,000. Finally, Huntington National Bank lifted its stake in Hexcel by 21.4% in the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock valued at $73,000 after purchasing an additional 204 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms have recently issued reports on HXL. BMO Capital Markets cut their price objective on Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a research report on Wednesday. Barclays reduced their price objective on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Wells Fargo & Company dropped their price objective on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Thursday. Morgan Stanley decreased their price target on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a research note on Friday, April 11th. Finally, TD Cowen raised shares of Hexcel to a "hold" rating in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $61.20.
Read Our Latest Analysis on HXL
Hexcel Stock Performance
HXL opened at $50.27 on Friday. 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 52-week low of $45.28 and a 52-week high of $73.58. The firm has a market cap of $4.04 billion, a P/E ratio of 31.62, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The business's fifty day moving average is $55.68 and its 200-day moving average is $60.69.
Hexcel (NYSE:HXL - Get Free Report) last released its earnings results on Monday, April 21st. The aerospace company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.06). Hexcel had a net margin of 6.94% and a return on equity of 10.66%. The firm had revenue of $456.50 million during the quarter, compared to the consensus estimate of $482.18 million. During the same period in the prior year, the business earned $0.44 earnings per share. Sell-side analysts expect that Hexcel Co. will post 2.14 EPS for the current fiscal year.
Hexcel Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Friday, May 2nd. Hexcel's dividend payout ratio (DPR) is presently 45.03%.
Hexcel Company Profile
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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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