DAVENPORT & Co LLC raised its stake in Hexcel Co. (NYSE:HXL - Free Report) by 1,153.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 535,962 shares of the aerospace company's stock after purchasing an additional 493,218 shares during the quarter. DAVENPORT & Co LLC owned approximately 0.66% of Hexcel worth $33,546,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Insigneo Advisory Services LLC lifted its holdings in Hexcel by 3.7% during the 3rd quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company's stock worth $300,000 after purchasing an additional 172 shares during the last quarter. UMB Bank n.a. lifted its holdings in Hexcel by 1.4% during the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company's stock worth $926,000 after purchasing an additional 202 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Hexcel by 21.1% during the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company's stock worth $74,000 after purchasing an additional 206 shares during the last quarter. Huntington National Bank lifted its holdings in Hexcel by 30.8% during 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 during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Hexcel by 0.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company's stock worth $2,728,000 after purchasing an additional 232 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.
Hexcel Stock Performance
NYSE HXL traded up $0.28 on Wednesday, hitting $64.39. 414,510 shares of the stock traded hands, compared to its average volume of 1,337,058. The business's fifty day moving average is $64.49 and its two-hundred day moving average is $62.67. Hexcel Co. has a 12 month low of $57.50 and a 12 month high of $77.09. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 40.45, a PEG ratio of 1.85 and a beta of 1.31. 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 (NYSE:HXL - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share 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%. As a group, equities analysts anticipate that Hexcel Co. will post 2.16 EPS for the current fiscal year.
Hexcel Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.06%. This is a boost from Hexcel's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, February 7th. Hexcel's payout ratio is presently 37.74%.
Analyst Ratings Changes
HXL has been the subject of several analyst reports. Wells Fargo & Company lifted their price objective on Hexcel from $81.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their price target on Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a research report on Thursday, November 21st. TD Cowen upgraded Hexcel to a "hold" rating in a research report on Thursday, December 19th. StockNews.com downgraded Hexcel from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Finally, UBS Group boosted their price objective on Hexcel from $67.00 to $69.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $73.09.
Check Out Our Latest Report on Hexcel
Hexcel Company 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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