Thrivent Financial for Lutherans lifted its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 249.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 815,658 shares of the aerospace company's stock after purchasing an additional 582,353 shares during the quarter. Thrivent Financial for Lutherans owned 1.01% of Hexcel worth $51,142,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Barclays PLC raised its position in shares of Hexcel by 32.1% in the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company's stock valued at $4,330,000 after buying an additional 17,011 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Hexcel by 12.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company's stock valued at $35,957,000 after purchasing an additional 63,730 shares in the last quarter. FMR LLC lifted its stake in Hexcel by 11.7% during the third quarter. FMR LLC now owns 77,493 shares of the aerospace company's stock worth $4,791,000 after purchasing an additional 8,135 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Hexcel by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company's stock valued at $68,021,000 after purchasing an additional 24,133 shares in the last quarter. Finally, Kopion Asset Management LLC boosted its holdings in shares of Hexcel by 11.2% in the 4th quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company's stock valued at $6,142,000 after purchasing an additional 9,861 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.
Hexcel Trading Up 3.4 %
Shares of Hexcel stock traded up $1.88 during trading on Monday, hitting $57.64. The company's stock had a trading volume of 889,303 shares, compared to its average volume of 914,278. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 36.25, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. Hexcel Co. has a 52 week low of $55.25 and a 52 week high of $73.58. The stock has a 50-day moving average price of $63.09 and a two-hundred day moving average price of $62.27. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20.
Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting analysts' consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Equities research analysts anticipate that Hexcel Co. will post 2.14 EPS for the current fiscal year.
Hexcel Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Friday, February 7th. This is an increase from Hexcel's previous quarterly dividend of $0.15. Hexcel's dividend payout ratio is currently 42.77%.
Analyst Upgrades and Downgrades
HXL has been the subject of several recent analyst reports. Truist Financial upped their price objective on Hexcel from $76.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Wells Fargo & Company increased their target price on shares of Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. TD Cowen raised shares of Hexcel to a "hold" rating in a report on Monday, February 24th. Royal Bank of Canada upped their price objective on shares of Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Finally, StockNews.com upgraded shares of Hexcel from a "hold" rating to a "buy" rating in a research report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $73.09.
Read Our Latest Stock Report 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.
Further Reading
Before you consider Hexcel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hexcel wasn't on the list.
While Hexcel currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
