Marshall Wace LLP boosted its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 112.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 271,053 shares of the aerospace company's stock after acquiring an additional 143,741 shares during the period. Marshall Wace LLP owned approximately 0.33% of Hexcel worth $16,995,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. boosted its stake in Hexcel by 1.4% in the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company's stock valued at $926,000 after buying an additional 202 shares in the last quarter. Huntington National Bank boosted its stake in shares of Hexcel by 21.4% in the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock valued at $73,000 after purchasing an additional 204 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Hexcel by 21.1% in the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company's stock worth $74,000 after purchasing an additional 206 shares during the last quarter. Insigneo Advisory Services LLC increased its position in shares of Hexcel by 4.5% during the 4th quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company's stock worth $318,000 after purchasing an additional 218 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in Hexcel by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company's stock valued at $2,243,000 after purchasing an additional 220 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. Barclays cut their target price on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Royal Bank of Canada decreased their target price on Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Wednesday. StockNews.com raised Hexcel from a "hold" rating to a "buy" rating in a report on Saturday, April 19th. UBS Group dropped their target price on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Morgan Stanley lowered their price target on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Hexcel currently has an average rating of "Hold" and an average price target of $61.20.
Check Out Our Latest Stock Report on HXL
Hexcel Stock Up 0.2 %
Shares of NYSE:HXL traded up $0.10 during trading on Friday, hitting $50.27. 919,342 shares of the company's stock traded hands, compared to its average volume of 960,513. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. Hexcel Co. has a 52 week low of $45.28 and a 52 week high of $73.58. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $55.68 and a 200-day moving average price of $60.69.
Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The aerospace company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). The business had revenue of $456.50 million during the quarter, compared to the consensus estimate of $482.18 million. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. During the same period in the prior year, the firm earned $0.44 EPS. As a group, research analysts forecast that Hexcel Co. will post 2.14 EPS for the current fiscal year.
Hexcel Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be issued a $0.17 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.68 annualized dividend and a dividend yield of 1.35%. Hexcel's dividend payout ratio is currently 45.03%.
Hexcel Company 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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