Boothbay Fund Management LLC bought a new stake in Hexcel Co. (NYSE:HXL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,345 shares of the aerospace company's stock, valued at approximately $398,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new position in Hexcel during the 4th quarter worth approximately $891,000. Snyder Capital Management L P grew its position in Hexcel by 15.7% during the fourth quarter. Snyder Capital Management L P now owns 248,559 shares of the aerospace company's stock worth $15,585,000 after buying an additional 33,646 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Hexcel during the 4th quarter worth approximately $255,000. Pinebridge Investments L.P. grew its holdings in shares of Hexcel by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 32,920 shares of the aerospace company's stock worth $2,064,000 after acquiring an additional 9,853 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in 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 worth $156,919,000 after purchasing an additional 2,446,716 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.
Hexcel Trading Up 0.1 %
Shares of NYSE HXL traded up $0.06 during mid-day trading on Wednesday, hitting $50.56. 115,694 shares of the company traded hands, compared to its average volume of 953,439. Hexcel Co. has a 1 year low of $45.28 and a 1 year high of $73.58. 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 stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 1.72 and a beta of 1.28. The business has a 50 day moving average of $53.81 and a two-hundred day moving average of $60.14.
Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.06). Hexcel had a return on equity of 10.66% and a net margin of 6.94%. The business had revenue of $456.50 million during the quarter, compared to analyst estimates of $482.18 million. During the same period last year, the company earned $0.44 EPS. On average, sell-side analysts anticipate that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.
Hexcel Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, May 2nd. Hexcel's dividend payout ratio (DPR) is currently 45.03%.
Wall Street Analyst Weigh In
Several research firms recently commented on HXL. Morgan Stanley decreased their price objective on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a research report on Friday, April 11th. BMO Capital Markets dropped their price objective on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a research note on Wednesday, April 23rd. 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 report on Tuesday, April 1st. TD Cowen upgraded Hexcel to a "hold" rating in a research report on Monday, February 24th. Finally, Truist Financial decreased their price target on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $61.20.
View Our Latest Stock Analysis 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.
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