AQR Capital Management LLC trimmed its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 19.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,040,434 shares of the aerospace company's stock after selling 256,770 shares during the period. AQR Capital Management LLC owned 1.28% of Hexcel worth $65,235,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Hexcel by 4,372.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,502,676 shares of the aerospace company's stock valued at $156,919,000 after acquiring an additional 2,446,716 shares during the last quarter. Norges Bank purchased a new stake in Hexcel during the 4th quarter valued at about $60,241,000. Brandes Investment Partners LP increased its holdings in shares of Hexcel by 99.6% in the fourth quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company's stock valued at $81,803,000 after purchasing an additional 651,062 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Hexcel by 249.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 815,658 shares of the aerospace company's stock worth $51,142,000 after acquiring an additional 582,353 shares during the period. Finally, DAVENPORT & Co LLC grew its stake in shares of Hexcel by 1,153.9% in the 4th quarter. DAVENPORT & Co LLC now owns 535,962 shares of the aerospace company's stock valued at $33,546,000 after buying an additional 493,218 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.
Wall Street Analyst Weigh In
HXL has been the topic of several research analyst reports. TD Cowen upgraded Hexcel to a "hold" rating in a report on Monday, February 24th. StockNews.com downgraded Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. Wells Fargo & Company decreased their target price on Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Morgan Stanley dropped their price objective on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a research note on Friday, April 11th. Finally, BMO Capital Markets reduced their price target on Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Hexcel has a consensus rating of "Hold" and an average price target of $61.20.
View Our Latest Research Report on Hexcel
Hexcel Stock Up 1.0 %
Hexcel stock traded up $0.53 during midday trading on Tuesday, hitting $50.65. 383,912 shares of the stock were exchanged, compared to its average volume of 954,483. Hexcel Co. has a 1 year low of $45.28 and a 1 year high of $73.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The firm has a market cap of $4.07 billion, a P/E ratio of 31.88, a P/E/G ratio of 1.72 and a beta of 1.28. The company has a 50 day moving average price of $54.05 and a two-hundred day moving average price of $60.20.
Hexcel (NYSE:HXL - Get Free Report) last released 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). Hexcel had a return on equity of 10.66% and a net margin of 6.94%. The company had revenue of $456.50 million for the quarter, compared to analyst estimates of $482.18 million. During the same period in the previous year, the business posted $0.44 EPS. On average, sell-side analysts predict 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. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, May 2nd. Hexcel's dividend payout ratio (DPR) is presently 45.03%.
Hexcel Profile
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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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