Prospera Financial Services Inc raised its position in Hexcel Co. (NYSE:HXL - Free Report) by 56.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,056 shares of the aerospace company's stock after purchasing an additional 16,170 shares during the period. Prospera Financial Services Inc owned 0.06% of Hexcel worth $2,786,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Hexcel by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 7,914,296 shares of the aerospace company's stock valued at $576,556,000 after acquiring an additional 67,425 shares during the period. Earnest Partners LLC increased its holdings in Hexcel by 2.9% during the 2nd quarter. Earnest Partners LLC now owns 4,835,994 shares of the aerospace company's stock worth $302,008,000 after purchasing an additional 136,290 shares during the period. AQR Capital Management LLC boosted its position in Hexcel by 277.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company's stock valued at $105,874,000 after acquiring an additional 1,246,765 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Hexcel by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,406,287 shares of the aerospace company's stock worth $87,829,000 after buying an additional 103,679 shares during the last quarter. Finally, Copeland Capital Management LLC boosted its holdings in Hexcel by 12.5% in the third quarter. Copeland Capital Management LLC now owns 1,161,415 shares of the aerospace company's stock worth $71,810,000 after acquiring an additional 129,335 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the company. Royal Bank of Canada cut Hexcel from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $76.00 to $68.00 in a report on Wednesday, August 14th. StockNews.com upgraded shares of Hexcel from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. BMO Capital Markets lowered their target price on shares of Hexcel from $70.00 to $68.00 and set a "market perform" rating on the stock in a research report on Monday, October 28th. UBS Group lifted their target price on Hexcel from $67.00 to $69.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Finally, Truist Financial decreased their price target on Hexcel from $78.00 to $76.00 and set a "buy" rating for the company in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Hexcel has a consensus rating of "Hold" and an average target price of $71.31.
Read Our Latest Report on HXL
Hexcel Stock Performance
Shares of Hexcel stock traded up $1.16 on Thursday, reaching $59.72. The stock had a trading volume of 255,985 shares, compared to its average volume of 865,846. The business's 50-day moving average price is $61.00 and its two-hundred day moving average price is $63.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. The stock has a market cap of $4.84 billion, a P/E ratio of 45.09, a price-to-earnings-growth ratio of 1.73 and a beta of 1.30. 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 quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The firm had revenue of $457.00 million for the quarter, compared to analysts' expectations of $457.07 million. During the same period in the prior year, the firm earned $0.38 earnings per share. The company's quarterly revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts forecast that Hexcel Co. will post 2.02 EPS for the current year.
Hexcel Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel's payout ratio is 45.80%.
Hexcel 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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