LPL Financial LLC increased its stake in Hexcel Co. (NYSE:HXL - Free Report) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 239,060 shares of the aerospace company's stock after purchasing an additional 7,329 shares during the period. LPL Financial LLC owned 0.29% of Hexcel worth $14,989,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of HXL. Allworth Financial LP raised its holdings in shares of Hexcel by 1,069.8% in the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock worth $42,000 after buying an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in Hexcel in the 4th quarter worth $49,000. Manchester Capital Management LLC lifted its position in Hexcel by 100.0% during the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock worth $53,000 after acquiring an additional 420 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in Hexcel during the 4th quarter valued at about $57,000. Finally, GAMMA Investing LLC increased its holdings in shares of Hexcel by 21.1% in the fourth quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company's stock valued at $74,000 after purchasing an additional 206 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.
Hexcel Price Performance
Shares of HXL stock traded down $3.11 during trading hours on Friday, hitting $48.27. 1,614,070 shares of the company's stock were exchanged, compared to its average volume of 967,457. Hexcel Co. has a fifty-two week low of $46.21 and a fifty-two week high of $73.58. The firm has a market cap of $3.88 billion, a P/E ratio of 30.36, a P/E/G ratio of 1.72 and a beta of 1.08. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $60.70 and a two-hundred day moving average of $61.91.
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 (EPS) 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%. Sell-side analysts forecast that Hexcel Co. will post 2.14 EPS for the current year.
Hexcel Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.17 per share. This is a positive change from Hexcel's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.41%. Hexcel's dividend payout ratio is presently 42.77%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on HXL shares. Wells Fargo & Company upped their target price on Hexcel from $81.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. TD Cowen raised shares of Hexcel to a "hold" rating in a report on Monday, February 24th. Truist Financial reduced their target price on shares of Hexcel from $85.00 to $80.00 and set a "buy" rating for the company in a report on Friday, March 28th. StockNews.com raised shares of Hexcel from a "hold" rating to a "buy" rating in a report on Monday, March 17th. Finally, Barclays reduced their price objective on Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $72.25.
Get Our Latest Analysis 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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