Raymond James & Associates grew its holdings in shares of Hexcel Co. (NYSE:HXL - Free Report) by 13.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,521 shares of the aerospace company's stock after purchasing an additional 12,704 shares during the quarter. Raymond James & Associates owned about 0.13% of Hexcel worth $6,833,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of the business. Blue Trust Inc. boosted its stake in shares of Hexcel by 18.3% during the 3rd quarter. Blue Trust Inc. now owns 5,704 shares of the aerospace company's stock worth $356,000 after acquiring an additional 884 shares in the last quarter. nVerses Capital LLC grew its holdings in Hexcel by 28.6% during the third quarter. nVerses Capital LLC now owns 5,400 shares of the aerospace company's stock valued at $334,000 after purchasing an additional 1,200 shares during the last quarter. Kopion Asset Management LLC raised its position in shares of Hexcel by 15.0% in the third quarter. Kopion Asset Management LLC now owns 88,099 shares of the aerospace company's stock valued at $5,447,000 after purchasing an additional 11,460 shares during the period. Willis Investment Counsel lifted its stake in shares of Hexcel by 3.8% in the third quarter. Willis Investment Counsel now owns 16,488 shares of the aerospace company's stock worth $1,019,000 after buying an additional 600 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of Hexcel by 19.7% during the 3rd quarter. Inspire Investing LLC now owns 6,682 shares of the aerospace company's stock worth $413,000 after buying an additional 1,098 shares during the period. 95.47% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. Vertical Research downgraded shares of Hexcel from a "buy" rating to a "hold" rating and set a $65.00 target price on the stock. in a report on Thursday, October 10th. UBS Group lifted their price objective on Hexcel from $67.00 to $69.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. StockNews.com upgraded Hexcel from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on Hexcel from $65.00 to $62.00 and set a "hold" rating on the stock in a report on Thursday, October 3rd. Finally, Royal Bank of Canada lowered Hexcel from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $76.00 to $68.00 in a report on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $71.46.
Check Out Our Latest Stock Analysis on HXL
Hexcel Price Performance
HXL stock traded down $1.82 during trading on Thursday, hitting $58.69. The company had a trading volume of 1,280,186 shares, compared to its average volume of 877,932. The company has a fifty day moving average price of $61.50 and a two-hundred day moving average price of $64.11. The company has a current ratio of 2.76, a quick ratio of 1.55 and a debt-to-equity ratio of 0.51. The company has a market cap of $4.75 billion, a P/E ratio of 44.80, a P/E/G ratio of 1.48 and a beta of 1.29. Hexcel Co. has a fifty-two week low of $57.50 and a fifty-two week high of $77.09.
Hexcel (NYSE:HXL - Get Free Report) last issued its earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS. Equities research analysts expect that Hexcel Co. will post 2.07 earnings per share for the current fiscal year.
Hexcel Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, November 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a yield of 1.02%. Hexcel's dividend payout ratio (DPR) is presently 45.80%.
Hexcel Company Profile
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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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