FIL Ltd bought a new position in shares of Hexcel Co. (NYSE:HXL - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 230,400 shares of the aerospace company's stock, valued at approximately $14,446,000. FIL Ltd owned approximately 0.28% of Hexcel as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after buying an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in Hexcel in the fourth quarter valued at about $49,000. Manchester Capital Management LLC lifted its stake in Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock valued at $53,000 after buying an additional 420 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in Hexcel during the fourth quarter worth about $57,000. Finally, Huntington National Bank raised its position in shares of 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 acquiring an additional 204 shares during the period. 95.47% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. Truist Financial reduced their target price on shares of Hexcel from $85.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Barclays reduced their price target on Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. TD Cowen upgraded shares of Hexcel to a "hold" rating in a research note on Monday, February 24th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $55.00 price objective (down from $63.00) on shares of Hexcel in a report on Tuesday. Finally, Royal Bank of Canada increased their price target on Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $69.00.
Read Our Latest Stock Report on HXL
Hexcel Trading Down 0.2 %
Shares of NYSE:HXL traded down $0.08 during trading on Wednesday, reaching $52.12. 848,777 shares of the company traded hands, compared to its average volume of 950,066. The business's fifty day moving average is $58.08 and its 200-day moving average is $61.24. Hexcel Co. has a 52-week low of $45.28 and a 52-week high of $73.58. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 32.78, a P/E/G ratio of 1.72 and a beta of 1.08. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46.
Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting 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, analysts forecast 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 given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.30%. This is a boost from Hexcel's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 7th. Hexcel's dividend payout ratio (DPR) is presently 42.77%.
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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