Wells Fargo & Company MN increased its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 287,002 shares of the aerospace company's stock after buying an additional 22,528 shares during the period. Wells Fargo & Company MN owned 0.35% of Hexcel worth $17,995,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of HXL. Allworth Financial LP grew its stake in Hexcel by 1,069.8% during the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after acquiring an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Hexcel during the 4th quarter valued at $49,000. Manchester Capital Management LLC increased its holdings in shares of Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock worth $53,000 after purchasing an additional 420 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Hexcel in the fourth quarter worth $57,000. Finally, Huntington National Bank boosted 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 valued at $73,000 after buying an additional 204 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.
Hexcel Price Performance
NYSE:HXL traded down $0.08 during trading hours on Friday, hitting $52.03. 1,663,069 shares of the stock traded hands, compared to its average volume of 949,548. The stock has a 50 day moving average price of $57.54 and a 200 day moving average price of $61.11. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth 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.
Hexcel (NYSE:HXL - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. Sell-side analysts forecast that Hexcel Co. will post 2.14 EPS for the current fiscal year.
Hexcel Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.17 per share. This is a positive change from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Friday, February 7th. Hexcel's dividend payout ratio (DPR) is 42.77%.
Analyst Ratings Changes
HXL has been the topic of several recent analyst reports. TD Cowen raised Hexcel to a "hold" rating in a report on Monday, February 24th. Truist Financial lowered their target price on shares of Hexcel from $80.00 to $73.00 and set a "buy" rating on the stock in a research note on Thursday. Wells Fargo & Company lowered shares of Hexcel from an "overweight" rating to a "reduce" rating in a report on Tuesday. StockNews.com lowered Hexcel from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Finally, Royal Bank of Canada lifted their target price on shares of Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $67.40.
Check Out Our Latest Analysis on Hexcel
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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