FMR LLC raised its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 11.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,493 shares of the aerospace company's stock after purchasing an additional 8,135 shares during the quarter. FMR LLC owned approximately 0.10% of Hexcel worth $4,791,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. AQR Capital Management LLC increased its holdings in shares of Hexcel by 277.9% in the second quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company's stock valued at $105,874,000 after purchasing an additional 1,246,765 shares in the last quarter. Millennium Management LLC increased its stake in shares of Hexcel by 307.1% in the 2nd quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company's stock valued at $67,421,000 after buying an additional 814,402 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Hexcel by 215.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company's stock worth $54,034,000 after acquiring an additional 590,975 shares during the last quarter. Ceredex Value Advisors LLC lifted its stake in shares of Hexcel by 280.7% during the second quarter. Ceredex Value Advisors LLC now owns 722,290 shares of the aerospace company's stock valued at $45,107,000 after acquiring an additional 532,550 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Hexcel by 36.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company's stock valued at $98,966,000 after acquiring an additional 425,402 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.
Hexcel Stock Down 0.2 %
HXL stock traded down $0.12 during trading on Friday, reaching $63.77. The stock had a trading volume of 785,163 shares, compared to its average volume of 865,449. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 48.66, a P/E/G ratio of 1.96 and a beta of 1.30. The company's 50 day moving average is $61.58 and its two-hundred day moving average is $62.85. Hexcel Co. has a one year low of $57.50 and a one year high of $77.09.
Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The company had revenue of $457.00 million for the quarter, compared to analyst estimates of $457.07 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The company's quarterly revenue was up 8.9% compared to the same quarter last year. Equities research analysts forecast that Hexcel Co. will post 2.02 EPS for the current year.
Hexcel Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. Hexcel's dividend payout ratio (DPR) is currently 45.80%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on HXL shares. Truist Financial cut their target price on shares of Hexcel from $78.00 to $76.00 and set a "buy" rating on the stock in a research report on Friday, October 18th. Wells Fargo & Company increased their target price on Hexcel from $78.00 to $81.00 and gave the company an "overweight" rating in a research note on Wednesday. Vertical Research lowered Hexcel from a "buy" rating to a "hold" rating and set a $65.00 target price for the company. in a research report on Thursday, October 10th. StockNews.com upgraded shares of Hexcel from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. Finally, UBS Group upped their price target on shares of Hexcel from $67.00 to $69.00 and gave the company a "neutral" rating in a report on Friday, October 25th. 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. Based on data from MarketBeat, Hexcel has an average rating of "Hold" and an average target price of $70.83.
View Our Latest Stock Report on Hexcel
About Hexcel
(
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.
Further Reading
Before you consider Hexcel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hexcel wasn't on the list.
While Hexcel currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
