Franklin Resources Inc. acquired a new stake in shares of Hexcel Co. (NYSE:HXL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,949 shares of the aerospace company's stock, valued at approximately $436,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its holdings 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 purchasing an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Hexcel during the fourth quarter valued at approximately $49,000. Manchester Capital Management LLC boosted its position in Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock worth $53,000 after acquiring an additional 420 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Hexcel in the 4th quarter worth approximately $57,000. Finally, GAMMA Investing LLC raised its holdings in Hexcel by 21.1% in the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company's stock valued at $74,000 after acquiring an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on HXL shares. Morgan Stanley decreased their price objective on Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company downgraded shares of Hexcel from an "overweight" rating to a "reduce" rating in a research note on Tuesday. Barclays cut their price objective on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. StockNews.com downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a report on Friday, April 11th. Finally, Truist Financial decreased their price target on shares of Hexcel from $80.00 to $73.00 and set a "buy" rating on the stock in a report on Thursday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $67.40.
Check Out Our Latest Research Report on HXL
Hexcel Stock Down 0.1 %
Shares of Hexcel stock opened at $52.03 on Friday. The company has a fifty day moving average price of $57.54 and a 200 day moving average price of $61.11. 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 Co. has a twelve month low of $45.28 and a twelve month high of $73.58. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08.
Hexcel (NYSE:HXL - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Equities research analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.
Hexcel Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. This is a positive change from Hexcel's previous quarterly dividend of $0.15. Hexcel's dividend payout ratio (DPR) is currently 42.77%.
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.
See Also
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