Vanguard Group Inc. cut its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 0.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,589,305 shares of the aerospace company's stock after selling 35,337 shares during the period. Vanguard Group Inc. owned 9.35% of Hexcel worth $475,849,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock worth $42,000 after buying an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Hexcel in the fourth quarter worth approximately $49,000. Manchester Capital Management LLC grew its holdings in Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock valued at $53,000 after purchasing an additional 420 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in Hexcel during the fourth quarter worth approximately $57,000. Finally, GAMMA Investing LLC raised its stake in Hexcel by 21.1% during the fourth 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 period. 95.47% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have recently issued reports on HXL. Wells Fargo & Company boosted their price objective on shares of Hexcel from $81.00 to $87.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Barclays dropped their price target on Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. StockNews.com upgraded Hexcel from a "hold" rating to a "buy" rating in a report on Monday, March 17th. TD Cowen upgraded shares of Hexcel to a "hold" rating in a report on Monday, February 24th. Finally, Truist Financial decreased their price objective on shares of Hexcel from $85.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Hexcel presently has an average rating of "Hold" and an average target price of $72.25.
Check Out Our Latest Stock Report on Hexcel
Hexcel Stock Down 6.1 %
HXL stock traded down $3.11 during trading on Friday, reaching $48.27. The stock had a trading volume of 1,614,070 shares, compared to its average volume of 967,457. The company has a market capitalization of $3.88 billion, a P/E ratio of 30.36, a PEG ratio of 1.72 and a beta of 1.08. Hexcel Co. has a 1-year low of $46.21 and a 1-year 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 firm has a fifty day moving average price of $60.70 and a 200 day moving average price of $61.91.
Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. On average, equities analysts anticipate that Hexcel Co. will post 2.14 earnings per share for the current year.
Hexcel Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.17 per share. This is a boost from Hexcel's previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.41%. Hexcel's dividend payout ratio (DPR) is presently 42.77%.
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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