Earnest Partners LLC lowered its position in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 2.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,722,065 shares of the aerospace company's stock after selling 94,377 shares during the quarter. Hexcel comprises approximately 1.2% of Earnest Partners LLC's holdings, making the stock its 15th largest holding. Earnest Partners LLC owned approximately 5.87% of Hexcel worth $258,580,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. NBC Securities Inc. acquired a new position in Hexcel during the 1st quarter worth approximately $61,000. Brooklyn Investment Group increased its holdings in shares of Hexcel by 320.2% in the 1st quarter. Brooklyn Investment Group now owns 1,164 shares of the aerospace company's stock valued at $64,000 after acquiring an additional 887 shares during the last quarter. Parvin Asset Management LLC bought a new position in Hexcel during the 4th quarter worth $66,000. Farther Finance Advisors LLC grew its stake in Hexcel by 71.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company's stock worth $66,000 after buying an additional 499 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in Hexcel by 413.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,536 shares of the aerospace company's stock worth $84,000 after buying an additional 1,237 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.
Analyst Upgrades and Downgrades
HXL has been the subject of several recent analyst reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $70.00 price target (up previously from $65.00) on shares of Hexcel in a research note on Monday, July 28th. UBS Group increased their price objective on Hexcel from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Morgan Stanley increased their price objective on Hexcel from $50.00 to $55.00 and gave the stock an "underweight" rating in a research note on Thursday, July 17th. Finally, BMO Capital Markets upped their target price on Hexcel from $52.00 to $67.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 29th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $63.33.
Check Out Our Latest Research Report on HXL
Hexcel Price Performance
Shares of Hexcel stock traded down $0.75 during midday trading on Friday, hitting $63.21. 936,066 shares of the company were exchanged, compared to its average volume of 836,265. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.69 and a quick ratio of 1.50. The firm has a market cap of $5.03 billion, a P/E ratio of 58.53, a PEG ratio of 2.09 and a beta of 1.36. Hexcel Corporation has a 52 week low of $45.28 and a 52 week high of $71.05. The firm has a 50 day simple moving average of $60.16 and a 200-day simple moving average of $56.83.
Hexcel (NYSE:HXL - Get Free Report) last posted its earnings results on Thursday, July 24th. The aerospace company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.46 by $0.04. The business had revenue of $489.90 million during the quarter, compared to the consensus estimate of $482.20 million. Hexcel had a return on equity of 9.76% and a net margin of 4.69%.Hexcel's revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the company earned $0.60 EPS. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. Research analysts forecast that Hexcel Corporation will post 2.14 earnings per share for the current year.
Hexcel Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 8th. Hexcel's dividend payout ratio (DPR) is currently 62.96%.
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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