Loomis Sayles & Co. L P decreased its position in Hexcel Co. (NYSE:HXL - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 998,742 shares of the aerospace company's stock after selling 29,948 shares during the period. Loomis Sayles & Co. L P owned 1.23% of Hexcel worth $62,621,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Hexcel by 12.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,017,787 shares of the aerospace company's stock valued at $63,815,000 after purchasing an additional 114,620 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Hexcel by 62.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,300 shares of the aerospace company's stock valued at $2,351,000 after acquiring an additional 14,307 shares during the last quarter. Pier Capital LLC grew its holdings in Hexcel by 18.6% during the 4th quarter. Pier Capital LLC now owns 139,153 shares of the aerospace company's stock worth $8,725,000 after acquiring an additional 21,800 shares during the period. LPL Financial LLC grew its holdings in Hexcel by 3.2% during the 4th quarter. LPL Financial LLC now owns 239,060 shares of the aerospace company's stock worth $14,989,000 after acquiring an additional 7,329 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Hexcel in the 4th quarter valued at $1,085,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Royal Bank of Canada upped their price target on Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. StockNews.com raised shares of Hexcel from a "hold" rating to a "buy" rating in a research note on Monday, March 17th. Truist Financial lowered their target price on shares of Hexcel from $85.00 to $80.00 and set a "buy" rating for the company in a research note on Friday. Finally, TD Cowen raised shares of Hexcel to a "hold" rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Hexcel presently has an average rating of "Hold" and a consensus price target of $72.64.
Check Out Our Latest Report on Hexcel
Hexcel Stock Down 3.1 %
NYSE HXL traded down $1.82 on Friday, reaching $56.28. The company had a trading volume of 777,864 shares, compared to its average volume of 950,556. The company's fifty day moving average is $62.23 and its 200-day moving average is $62.17. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 35.40, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. 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 Co. has a 1-year low of $55.25 and a 1-year high of $73.58.
Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. On average, research analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.
Hexcel Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.17 dividend. The ex-dividend date was Friday, February 7th. This is an increase from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.21%. Hexcel's dividend payout ratio (DPR) is 42.77%.
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.
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