State Street Corp trimmed its holdings in shares of Hexcel Co. (NYSE:HXL - Free Report) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,060,549 shares of the aerospace company's stock after selling 36,471 shares during the quarter. State Street Corp owned 5.01% of Hexcel worth $251,064,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the business. Earnest Partners LLC increased its position in shares of Hexcel by 2.9% in the 2nd quarter. Earnest Partners LLC now owns 4,835,994 shares of the aerospace company's stock worth $302,008,000 after purchasing an additional 136,290 shares during the last quarter. AQR Capital Management LLC increased its holdings in 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 buying an additional 1,246,765 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Hexcel by 36.2% during 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 buying an additional 425,402 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Hexcel by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,406,287 shares of the aerospace company's stock worth $87,829,000 after buying an additional 103,679 shares during the last quarter. Finally, Copeland Capital Management LLC grew its position in shares of Hexcel by 12.5% in the 3rd quarter. Copeland Capital Management LLC now owns 1,161,415 shares of the aerospace company's stock worth $71,810,000 after acquiring an additional 129,335 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a report on Thursday, November 21st. Truist Financial dropped their price objective on shares of Hexcel from $78.00 to $76.00 and set a "buy" rating on the stock in a research note on Friday, October 18th. UBS Group lifted their target price on Hexcel from $67.00 to $69.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. BMO Capital Markets lowered their target price on Hexcel from $70.00 to $68.00 and set a "market perform" rating for the company in a report on Monday, October 28th. Finally, Royal Bank of Canada lowered Hexcel from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $76.00 to $68.00 in a research report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $70.83.
Check Out Our Latest Report on Hexcel
Hexcel Price Performance
HXL traded up $0.50 on Thursday, reaching $63.89. The company had a trading volume of 1,045,089 shares, compared to its average volume of 865,787. The company has a market capitalization of $5.18 billion, a P/E ratio of 48.77, a PEG ratio of 1.94 and a beta of 1.30. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average of $61.58 and a 200-day moving average of $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 data 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 business had revenue of $457.00 million during the quarter, compared to analysts' expectations of $457.07 million. During the same period last year, the firm posted $0.38 earnings per share. The business's revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts anticipate that Hexcel Co. will post 2.02 earnings per share for the current year.
Hexcel Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. Hexcel's dividend payout ratio (DPR) is 45.80%.
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.
See Also
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
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
