Raymond James Financial Inc. bought a new stake in Hexcel Co. (NYSE:HXL - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 113,102 shares of the aerospace company's stock, valued at approximately $7,092,000. Raymond James Financial Inc. owned about 0.14% of Hexcel as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of HXL. UMB Bank n.a. raised its holdings 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 acquiring an additional 202 shares during the last quarter. Huntington National Bank increased its stake in Hexcel by 21.4% during the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock worth $73,000 after acquiring an additional 204 shares during the last quarter. GAMMA Investing LLC lifted its position in 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 buying an additional 206 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Hexcel by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company's stock valued at $2,728,000 after purchasing an additional 232 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in Hexcel by 5.8% during the 4th quarter. M&T Bank Corp now owns 5,200 shares of the aerospace company's stock valued at $325,000 after acquiring an additional 283 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.
Hexcel Stock Performance
NYSE:HXL traded up $0.10 during mid-day trading on Friday, reaching $50.27. 919,342 shares of the stock were exchanged, compared to its average volume of 960,375. The stock has a market capitalization of $4.04 billion, a P/E ratio of 31.62, a P/E/G ratio of 1.72 and a beta of 1.08. Hexcel Co. has a 1 year low of $45.28 and a 1 year high of $73.58. The company has a 50 day simple moving average of $55.68 and a 200-day simple moving average of $60.69. 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 quarterly earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). The business had revenue of $456.50 million for the quarter, compared to analyst estimates of $482.18 million. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. During the same quarter in the prior year, the company earned $0.44 EPS. Analysts anticipate that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.
Hexcel Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.68 annualized dividend and a dividend yield of 1.35%. Hexcel's dividend payout ratio (DPR) is currently 45.03%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. UBS Group cut their target price on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday. BMO Capital Markets decreased their target price on Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a report on Wednesday. StockNews.com downgraded Hexcel from a "buy" rating to a "hold" rating in a report on Sunday. Morgan Stanley decreased their price objective on Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a research note on Friday, April 11th. Finally, Barclays cut their target price on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $61.20.
Get Our Latest Stock Analysis on Hexcel
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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