Landscape Capital Management L.L.C. grew its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 67.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,136 shares of the aerospace company's stock after buying an additional 5,290 shares during the period. Landscape Capital Management L.L.C.'s holdings in Hexcel were worth $824,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Motley Fool Asset Management LLC purchased a new position in shares of Hexcel in the 4th quarter worth about $1,645,000. Huntington National Bank increased its position in Hexcel by 21.4% in the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock worth $73,000 after purchasing an additional 204 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Hexcel by 24.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,996,363 shares of the aerospace company's stock valued at $125,172,000 after acquiring an additional 395,744 shares during the last quarter. Headlands Technologies LLC boosted its stake in shares of Hexcel by 62.3% during the fourth quarter. Headlands Technologies LLC now owns 1,305 shares of the aerospace company's stock valued at $82,000 after purchasing an additional 501 shares during the period. Finally, Franklin Resources Inc. bought a new stake in shares of Hexcel in the fourth quarter valued at about $436,000. Hedge funds and other institutional investors own 95.47% of the company's stock.
Hexcel Price Performance
Shares of NYSE HXL traded up $0.79 during midday trading on Friday, reaching $51.91. 900,240 shares of the company were exchanged, compared to its average volume of 953,517. The stock's 50-day moving average price is $58.55 and its 200-day moving average price is $61.36. The stock has a market cap of $4.17 billion, a P/E ratio of 32.65, a PEG ratio of 1.72 and a beta of 1.08. Hexcel Co. has a one year low of $45.28 and a one year high of $73.58. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46.
Hexcel (NYSE:HXL - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. On average, sell-side analysts anticipate 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 given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.31%. Hexcel's dividend payout ratio is 42.77%.
Analyst Ratings Changes
HXL has been the topic of a number of research reports. Wells Fargo & Company cut their price objective on Hexcel from $87.00 to $63.00 and set an "overweight" rating on the stock in a report on Tuesday. StockNews.com cut Hexcel from a "buy" rating to a "hold" rating in a report on Friday. Truist Financial lowered their price objective on shares of Hexcel from $85.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Barclays lowered their price objective on Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Finally, TD Cowen upgraded shares of Hexcel to a "hold" rating in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $69.73.
Read Our Latest Research Report on HXL
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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