JPMorgan Chase & Co. trimmed its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 25.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 903,167 shares of the aerospace company's stock after selling 308,760 shares during the quarter. JPMorgan Chase & Co. owned about 1.12% of Hexcel worth $55,843,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. True Wealth Design LLC acquired a new position in Hexcel during the third quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new position in shares of Hexcel in the 3rd quarter valued at $56,000. First Horizon Advisors Inc. raised its holdings in shares of Hexcel by 53.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company's stock worth $58,000 after buying an additional 326 shares in the last quarter. Huntington National Bank lifted its position in shares of 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 buying an additional 225 shares during the last quarter. Finally, Eastern Bank bought a new stake in shares of Hexcel during the 3rd quarter worth $62,000. 95.47% of the stock is owned by institutional investors and hedge funds.
Hexcel Trading Up 2.0 %
Hexcel stock traded up $1.22 during mid-day trading on Friday, hitting $63.02. 824,259 shares of the stock were exchanged, compared to its average volume of 689,979. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 48.11, a PEG ratio of 1.97 and a beta of 1.30. Hexcel Co. has a 12 month low of $57.50 and a 12 month high of $77.09. 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 firm's fifty day simple moving average is $62.04 and its two-hundred day simple moving average is $62.42.
Hexcel (NYSE:HXL - Get Free Report) last announced its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The business had revenue of $457.00 million during the quarter, compared to the consensus estimate of $457.07 million. During the same quarter last year, the firm earned $0.38 earnings per share. Hexcel's quarterly revenue was up 8.9% on a year-over-year basis. Analysts forecast that Hexcel Co. will post 2.02 EPS for the current year.
Hexcel Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a dividend of $0.15 per share. The ex-dividend date was Friday, November 1st. This represents a $0.60 annualized dividend and a yield of 0.95%. Hexcel's dividend payout ratio is currently 45.80%.
Analyst Ratings Changes
HXL has been the subject of several research analyst reports. UBS Group boosted their target price on Hexcel from $67.00 to $69.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Royal Bank of Canada upgraded shares of Hexcel from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $68.00 to $74.00 in a research report on Thursday, December 19th. StockNews.com raised shares of Hexcel from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a research note on Thursday, November 21st. Finally, Wells Fargo & Company raised their price objective on Hexcel from $78.00 to $81.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $71.33.
Read Our Latest Report on Hexcel
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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