CWM LLC lessened its position in Hexcel Corporation (NYSE:HXL - Free Report) by 48.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 7,889 shares of the aerospace company's stock after selling 7,389 shares during the period. CWM LLC's holdings in Hexcel were worth $432,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. MainStreet Investment Advisors LLC acquired a new stake in shares of Hexcel in the first quarter valued at about $241,000. Brown Advisory Inc. lifted its stake in shares of Hexcel by 83.4% in the first quarter. Brown Advisory Inc. now owns 6,693 shares of the aerospace company's stock valued at $367,000 after purchasing an additional 3,043 shares during the period. Beverly Hills Private Wealth LLC lifted its stake in shares of Hexcel by 4.0% in the first quarter. Beverly Hills Private Wealth LLC now owns 5,323 shares of the aerospace company's stock valued at $291,000 after purchasing an additional 207 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Hexcel by 37.9% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,434 shares of the aerospace company's stock valued at $462,000 after purchasing an additional 2,319 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Hexcel by 0.5% in the first quarter. Principal Financial Group Inc. now owns 186,680 shares of the aerospace company's stock valued at $10,223,000 after purchasing an additional 937 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.
Hexcel Trading Down 1.9%
Hexcel stock traded down $1.21 during trading on Friday, reaching $61.15. The company had a trading volume of 2,636,817 shares, compared to its average volume of 1,065,833. Hexcel Corporation has a 12-month low of $45.28 and a 12-month high of $71.05. The stock's 50 day moving average price is $56.39 and its two-hundred day moving average price is $57.64. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 56.62, a PEG ratio of 2.11 and a beta of 1.28. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 2.59.
Hexcel (NYSE:HXL - Get Free Report) last released its earnings results on Thursday, July 24th. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.04. Hexcel had a net margin of 4.69% and a return on equity of 9.77%. The firm had revenue of $489.90 million during the quarter, compared to the consensus estimate of $482.20 million. During the same period in the previous year, the firm earned $0.60 earnings per share. Hexcel's revenue was down 2.1% compared to the same quarter last year. As a group, equities analysts expect that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.
Hexcel Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.68 annualized dividend and a yield of 1.11%. Hexcel's dividend payout ratio is currently 45.03%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on HXL shares. Wells Fargo & Company dropped their target price on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. UBS Group dropped their target price on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. Royal Bank Of Canada dropped their target price on shares of Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, Barclays dropped their target price on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $59.22.
View Our Latest Stock Report on Hexcel
Hexcel Company 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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